Rising Atlantic Ocean Temperatures May Boost Hurricane Activity in 2024
With Atlantic Ocean temperatures nearing critical thresholds, the 2024 hurricane season could see increased cyclone strength and frequency.
May 15, 2024
Catastrophe
Marine
Risk Management
Technology
Supercell Storms Unleash Giant Hail in Central Texas
Supercell thunderstorms cause significant damage in Central Texas, with reports of hail as large as CDs.
May 10, 2024
Catastrophe
Insurance Industry
Risk Management
Texas
California Jury Awards $18 Million in Bad Faith Insurance Case
A jury in San Bernardino awards substantial damages to two sisters after their insurance company failed to adequately compensate them for flood damage.
May 10, 2024
Catastrophe
Insurance Industry
Litigation
Property
California
International Jewelry Thief Nabbed After High-Profile Heists in New York
After a series of audacious jewelry thefts spanning continents, Yaorong Wan's criminal spree ends with an arrest in New York City.
May 9, 2024
Catastrophe
Fraud
Litigation
Property
California
New Jersey
New York
Progressive Reforms Alleviate Florida’s Property/Casualty Insurance Crisis
Florida's property/casualty insurance landscape begins to stabilize following significant legislative reforms and a calm hurricane season, despite ongoing challenges.
May 9, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
Majority of Astroworld Wrongful Death Lawsuits Settled, One Remains
As most Astroworld wrongful death claims reach settlements, the final pending case highlights ongoing concerns over concert safety.
May 9, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Liability
Texas
Florida’s Property/Casualty Insurance Market Shows Signs of Recovery Amid Reforms
Recent legislative reforms and a mild hurricane season have contributed to the recovery of Florida's property/casualty insurance market, yet challenges remain for premium costs.
May 8, 2024
Catastrophe
Fraud
Legislation & Regulation
Property
Florida
Fannie Mae Clarifies Insurance Guidelines, Shifting Away from Actual Cash Value Coverage
Fannie Mae's updated guidelines enforce replacement cost coverage, challenging the trend towards actual cash value for homeowners and condo insurance.
May 8, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
Kentucky
Swiss Re Advocates for Advanced Data Utilization to Bridge the NatCat Protection Gap
As natural catastrophe losses escalate, Swiss Re emphasizes the use of data-driven insights to enhance global insurance access and climate risk management.
May 7, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Climate Change Boosts Extreme Weather, Increasing U.S. Flood Risks
Climate change intensifies extreme precipitation, escalating flood risks across the U.S. with significant increases in the Northeast and Midwest.
May 6, 2024
Catastrophe
Property
Risk Management
Alabama
Alaska
Georgia
Hawaii
Kentucky
Chubb to Pay $350 Million in Claims for Baltimore Bridge Collapse
Chubb, the insurer for Baltimore's Francis Scott Key Bridge, is set to pay out $350 million following the bridge's catastrophic collapse, which resulted in significant economic and human losses.
May 2, 2024
Catastrophe
Insurance Industry
Litigation
Marine
Maryland
Extensive Tornado Damage Reported in Nebraska, Iowa, and Oklahoma
Recent tornadoes in Nebraska, Iowa, and Oklahoma have caused significant damage, impacting over 7,000 properties and leading to extensive recovery efforts.
May 1, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Iowa
Nebraska
Oklahoma
Aon Report Details a Notable Decline in Q1 2024 Catastrophic Losses Compared to Previous Year
According to Aon's latest catastrophe report, the first quarter of 2024 saw lower economic and insured losses compared to last year.
May 1, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
Oklahoma
Texas
Tornado Outbreak Stretches Across Central U.S., Driven by Unusual Weather Patterns
A series of tornadoes, influenced by El Niño's decay, wreaked havoc across the central United States from Oklahoma to Nebraska, highlighting changing patterns in tornado occurrences.
April 29, 2024
Catastrophe
Risk Management
Technology
Iowa
Nebraska
Oklahoma
Roofing Professionals Discuss Challenges and Solutions for Longer-Lasting Roofs
Roofing experts explore why long-lasting roof systems are rare and discuss various materials that could extend roof longevity.
April 25, 2024
Catastrophe
Insurance Industry
Property
Technology
Florida
Texas
