
P&C Insurance Sector Faces Economic Uncertainty and Mixed Market Signals
Economic uncertainty affects the P&C insurance market with rate hikes, profitability shifts, and changing insurance availability.
March 4, 2024
Catastrophe
Insurance Industry
Technology

Sierra Nevada Braces for Historic Snowfall and High Winds This Weekend
A massive storm is set to deliver 6-10 feet of snow across the Sierra Nevada, challenging records and potentially isolating communities with blizzard conditions.
March 1, 2024
Catastrophe
Property
Risk Management
California
Oregon

Southern California Edison Settles for $80 Million Over 2017 Thomas Fire Damages
Southern California Edison agrees to an $80 million settlement for the 2017 Thomas Fire, marking a significant recovery for U.S. Forest Service costs and damages.
February 27, 2024
Catastrophe
Litigation
Risk Management
California

Atlantic Hurricane Season Predicted to be Exceptionally Severe Amid Homeowners Insurance Market Challenges
With homeowners insurance rates adjusting, the Atlantic faces a potentially severe hurricane season due to alarming El Niño and La Niña patterns.
February 27, 2024
Catastrophe
Insurance Industry
Property
Risk Management

Record Climate Disasters Highlight Need for Predict & Prevent Strategy in Insurance
The record-breaking climate and weather disasters of 2023 underscore the urgent need for the insurance industry to adopt a Predict & Prevent approach to mitigate financial impacts and protect policyholders.
February 26, 2024
Catastrophe
Property
Risk Management
Technology
California
Florida

Widespread AT&T Network Outage Disrupts Services Across the U.S.
A major outage hits AT&T’s network, leaving users without call or internet services, while local emergency services report disruptions.
February 22, 2024
Catastrophe
Risk Management
Technology

Climate and Weather Challenges Escalate Risks and Costs for Organizations in 2023
2023 sets a record as the warmest year since 1850, with weather-related disasters costing the US $150 billion annually.
February 22, 2024
Catastrophe
Property
Risk Management
California
Hawaii
Louisiana
Washington

Essential Gear for Catastrophe Adjusters
Discover the non-essential essentials for catastrophe adjusters on deployment, from health safeguards to life-enhancing conveniences.
February 21, 2024
Catastrophe
Education & Training
Technology

Jury Finds Drug Use Not Direct Cause of Spinal Injury, Insurer Must Pay $1 Million
In a landmark case, a jury ruled that LSD use was not the direct cause of a catastrophic spinal injury, requiring an insurer to cover the $1 million claim.
February 21, 2024
Catastrophe
Litigation
Property
North Carolina
Texas

NHC Unveils New Tropical Cyclone Forecast Graphic for Enhanced Wind Risk Communication
The National Hurricane Center introduces an experimental graphic to improve wind risk communication for US inland tropical storm and hurricane alerts.
February 20, 2024
Catastrophe
Risk Management
Technology

Supercharged Hurricane Season Looms in 2024, Experts at AccuWeather Warn
With La Niña’s return and record-warm Atlantic waters, AccuWeather forecasts a potentially explosive hurricane season in 2024.
February 20, 2024
Catastrophe
Marine
Risk Management
Texas

North Carolina’s Insurance Commissioner Challenges Proposed Rate Hikes Amid Rising Inflation
In response to proposed insurance rate hikes, North Carolina Insurance Commissioner Mike Causey calls for fairness and scrutiny, emphasizing the impact of inflation on homeowners.
February 19, 2024
Catastrophe
Legislation & Regulation
Property
North Carolina
Swiss Re CEO Highlights Climate Crisis as Major Factor in Rising Insurance Costs
The CEO of Swiss Re underscores the need for fair risk valuation amid rising insurance costs, pointing to climate change as a significant driver of recent price adjustments.
February 19, 2024
Catastrophe
Insurance Industry
Risk Management
California
Colorado
Florida
Idaho
New Jersey

Stanford Startup Outperforms Tech Giants in AI-Based Weather Prediction
A team of Stanford graduates has developed a weather forecasting model that surpasses traditional and AI-based methods, setting a new standard in accuracy and efficiency.
February 19, 2024
Catastrophe
Risk Management
Technology
California

Innovative Insurance Coverage Development Blends Science, Art, and Speed
In the fast-evolving insurance landscape, developing new coverages combines scientific understanding, collaborative efforts, and a swift approach to market demands.
February 19, 2024
Catastrophe
Technology



