
Wildfire-Resilient Home Designs Shine at UC Berkeley Competition
UC Berkeley's landscape design competition, highlighting the importance of wildfire resilience for Wildfire Awareness Month, has announced its winners.
May 29, 2024
Catastrophe
Education & Training
Property
Risk Management
California

Florida Insurance Market Sees Hope Amid Legislative Reforms and Reduced Hurricane Activity
Florida's property insurance market is beginning to stabilize thanks to new legislation aimed at reducing litigation and increasing market competition, following years of hurricane-induced losses and financial struggles.
May 28, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida

Texas Hit by Severe Storms, Leaving Over 750,000 Without Power
Powerful storms swept through Texas on Tuesday, causing over 750,000 power outages and significant damage, especially in the Dallas-Fort Worth area, with further severe weather expected throughout the day.
May 28, 2024
Catastrophe
Property
Risk Management
Technology
Florida
Louisiana
Oklahoma
Texas

Wildfire Season Expected to be Milder, but Vigilance Remains Essential
This year's wildfire season is projected to be less intense than usual, but those in high-risk areas must remain vigilant and prepared for potential damage.
May 24, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California

NOAA Expects Busy 2024 Atlantic Hurricane Season
NOAA forecasts an above-normal 2024 Atlantic hurricane season driven by La Nina and warm ocean temperatures, with an 85% chance of higher than average storm activity.
May 23, 2024
Catastrophe
Insurance Industry
Risk Management
Technology

Catastrophe Bond Issuance Hits Record Highs in 2024
Catastrophe bond and insurance-linked securities issuance surpasses $10.9 billion in H1 2024, setting new records with more deals expected.
May 23, 2024
Catastrophe
Excess & Surplus Lines
Insurance Industry
Risk Management

Building Resilience with Insurance
The Global Sustainability Insurance Summit in Los Angeles highlighted how insurance plays a pivotal role in enhancing resilience against natural catastrophes.
May 22, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
California
Hawaii
New York

Rapid Melting of Glacier Linked to Seawater Intrusion
New research reveals seawater intrusion beneath Greenland's Petermann Glacier as a key factor in its rapid melting, potentially leading to greater sea level rise than previously estimated.
May 22, 2024
Catastrophe
Property
Risk Management
Massachusetts

Florida’s Hurricanes: Lessons Learned and Advances in Insurance Technology
In the two decades since Florida's devastating 2004 hurricane season, insurers have significantly improved their response strategies and technology, enhancing preparedness and resilience against future storms.
May 22, 2024
Catastrophe
Property
Risk Management
Technology
Florida

Rising Hurricane Risks Predicted for Florida This Year
With the Atlantic hurricane season approaching, experts predict a 75% chance of a major hurricane hitting Florida, potentially leading to $200 billion in insured losses, the highest risk since 1992.
May 21, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
North Carolina
Texas

Florida’s $3 Billion Insurance Bailout Largely Untouched, Industry Shows Signs of Recovery
Despite a $3 billion fund set aside to stabilize Florida's property insurance market, most of the money remains unused, though there are modest signs of market improvement amid ongoing high costs and insurer challenges.
May 20, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida

Safeguard Against Contractor Fraud During Disaster Recovery
During Contractor Fraud Awareness Week, the Insurance Information Institute and National Insurance Crime Bureau emphasize how homeowners can protect themselves from fraudulent contractors following disasters.
May 20, 2024
Catastrophe
Fraud
Property
Risk Management

NOAA Grants $308 Million to Colorado State University for Weather and Climate Research
NOAA renews its partnership with Colorado State University through a $308 million grant, supporting the Cooperative Institute for Research in the Atmosphere (CIRA) for advanced weather and climate research and forecasting.
May 20, 2024
Catastrophe
Education & Training
Risk Management
Technology
Colorado
Maryland
Missouri

Houston Power Outages Could Last Weeks After Deadly Hurricane-Force Winds
Power outages in Houston could last for weeks following a destructive storm with hurricane-force winds, leaving thousands without electricity amid soaring temperatures.
May 17, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
Florida
Georgia
Louisiana
Mississippi

Origami Risk 2024 Report Reveals a Gap Between Perceived and Actual Preparedness in Risk Management
The latest State of Risk Report by Origami Risk highlights a concerning disparity between the confidence of risk professionals and their actual readiness to handle emerging and complex risks.
May 15, 2024
Catastrophe
Insurance Industry
Risk Management
Technology



