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New York City on the Brink of Its Largest Snowstorm in Two Years

New York City on the Brink of Its Largest Snowstorm in Two Years

New York City anticipates a major winter storm, possibly marking the most significant snowfall event since January 2022.
February 13, 2024 Catastrophe Risk Management Connecticut Massachusetts New Jersey New York Pennsylvania

Study Warns of Looming Risk of Atlantic Ocean Current Shutdown and Its Global Impact

Study Warns of Looming Risk of Atlantic Ocean Current Shutdown and Its Global Impact

A groundbreaking simulation suggests the Atlantic Ocean’s vital currents may face a "cliff-like" collapse sooner than expected, threatening drastic global climate shifts.
February 12, 2024 Catastrophe Marine Risk Management

Few States Actively Combating Increased Hurricane Risk Despite Rising Frequency

Few States Actively Combating Increased Hurricane Risk Despite Rising Frequency

With hurricanes becoming three times more frequent over the past century, only a handful of U.S. states are stepping up with effective risk reduction strategies.
February 12, 2024 Catastrophe Marine Property Risk Management Louisiana New York

Navigating the Complex Landscape of SRCC Risks in Global Insurance

Navigating the Complex Landscape of SRCC Risks in Global Insurance

As strikes, riots, and civil commotion escalate globally, the insurance industry scrutinizes aggregation risks and seeks tailored coverage strategies.
February 8, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management

Missing Bolts Discovered in Boeing 737 Incident Investigation

Missing Bolts Discovered in Boeing 737 Incident Investigation

An NTSB investigation into a Boeing 737 rapid decompression incident reveals missing bolts in the mid exit door plug, prompting further examination.
February 7, 2024 Catastrophe Risk Management Technology Oregon

San Diego County on Alert for Flood Insurance Scams Amid Cleanup Efforts

San Diego County on Alert for Flood Insurance Scams Amid Cleanup Efforts

California’s Insurance Commissioner alerts San Diego residents to be vigilant of fraudsters following devastating floods, emphasizing the importance of cautious engagement with public adjusters and contractors.
February 7, 2024 Catastrophe Fraud Property California

Scientists Propose Category 6 for Extreme Hurricanes as Climate Change Intensifies Storms

Scientists Propose Category 6 for Extreme Hurricanes as Climate Change Intensifies Storms

As climate change fuels more intense tropical storms, experts suggest adding Category 6 to the Saffir-Simpson scale to better represent the power of future hurricanes.
February 7, 2024 Catastrophe Legislation & Regulation Risk Management

Atmospheric River Triggers Severe Floods and Landslides in Southern California

Atmospheric River Triggers Severe Floods and Landslides in Southern California

Southern California is under threat from life-threatening landslides and flash floods as an intense atmospheric river event hits the region, with significant rainfall expected.
February 5, 2024 Catastrophe Property Risk Management California

MGM Resorts Cyberattack Highlights New Challenges in IT Security and the Need for Enhanced Protocols

MGM Resorts Cyberattack Highlights New Challenges in IT Security and the Need for Enhanced Protocols

The recent cyberattack on MGM Resorts, costing an estimated $100 million, underscores the evolving threat landscape and the critical need for robust IT security measures.
January 31, 2024 Catastrophe Risk Management Technology

Ransomware Threats Persist Despite Law Enforcement Efforts, Revealing New Challenges for Cybersecurity

Ransomware Threats Persist Despite Law Enforcement Efforts, Revealing New Challenges for Cybersecurity

Despite law enforcement crackdowns, ransomware activities soared in 2023, signaling ongoing challenges and the need for enhanced cybersecurity measures.
January 31, 2024 Catastrophe Risk Management Technology

Fast-Moving Atmospheric River Set to Soak California

Fast-Moving Atmospheric River Set to Soak California

A potent atmospheric river is forecast to bring significant rainfall to California, raising concerns over landslides and flooding in already saturated regions.
January 30, 2024 Catastrophe Property Risk Management California Texas

Houston Attorney Eric B. Dick Faces Second Major Sanction for Frivolous Lawsuits Against Insurer

Houston Attorney Eric B. Dick Faces Second Major Sanction for Frivolous Lawsuits Against Insurer

Eric B. Dick, a Houston plaintiffs’ attorney, is ordered to pay over $100,000 for filing baseless lawsuits against Standard Casualty Co., marking his second major sanction in three months for similar actions.
January 26, 2024 Catastrophe Insurance Industry Liability Litigation Texas

Amazon Revamps Neighbors App, Removing Police Video Access While Enhancing Community Features

Amazon Revamps Neighbors App, Removing Police Video Access While Enhancing Community Features

Amazon’s Neighbors app discontinues its Request for Assistance tool, restricting police video access, while introducing new features to foster greater community connection and sharing.
January 26, 2024 Catastrophe Property Risk Management Technology

Community Organizations Urged to Prepare as Emergency Shelters Amid Rising Severe Weather Events

Community Organizations Urged to Prepare as Emergency Shelters Amid Rising Severe Weather Events

A new report emphasizes the urgent need for community facilities like schools and churches to be ready as shelters during severe weather events, highlighting the potential impacts on services and community trust.
January 26, 2024 Catastrophe Liability Property

Allianz Risk Barometer 2024 Highlights Evolving Insurance Strategies for Modern Risks

Allianz Risk Barometer 2024 Highlights Evolving Insurance Strategies for Modern Risks

The Allianz Risk Barometer 2024 emphasizes the insurance industry’s innovative responses to contemporary challenges like cyber threats and climate-related disasters, including advanced technologies and collaborative strategies.
January 25, 2024 Catastrophe Risk Management
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