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Kentucky Residents File Lawsuit Against CSX Over Thanksgiving Train Derailment and Chemical Spill

Kentucky Residents File Lawsuit Against CSX Over Thanksgiving Train Derailment and Chemical Spill

A class action lawsuit targets CSX for alleged negligence in a train derailment that caused a hazardous sulfur spill in eastern Kentucky, raising health and environmental concerns.
December 15, 2023 Catastrophe Legislation & Regulation Liability Property Kentucky

U.S. Wildfire Frequency and Severity at 20-Year Low Despite Global Rise, Says Triple I Report

U.S. Wildfire Frequency and Severity at 20-Year Low Despite Global Rise, Says Triple I Report

The Insurance Information Institute reports a surprising decline in U.S. wildfire frequency and severity, contrasting with global trends, as mitigation efforts show positive results.
December 14, 2023 Catastrophe Insurance Industry Legislation & Regulation Risk Management California Texas

Embracing Adaptation and Resilience for a Sustainable Future

Embracing Adaptation and Resilience for a Sustainable Future

A new report highlights the insurance industry’s critical role in combating climate change, with a focus on adaptation, resilience, and a $71 billion revenue opportunity.
December 11, 2023 Catastrophe Legislation & Regulation Risk Management Technology

Inaugural Innovation Summit Steers Climate Resilience from Ideation to Action

Inaugural Innovation Summit Steers Climate Resilience from Ideation to Action

To foster better collaboration and transparency, the Catastrophe Resiliency Council proposes an Open Industry Exposure Database for climate risk research.
December 4, 2023 Catastrophe Education & Training Risk Management Technology Alabama Pennsylvania

DuPont and Affiliates Settle Ohio Lawsuit for $110 Million Over Toxic Chemical Releases

DuPont and Affiliates Settle Ohio Lawsuit for $110 Million Over Toxic Chemical Releases

DuPont, Chemours, and Corteva agree to pay $110 million to Ohio for environmental damage from PFAS chemicals used in a West Virginia facility, marking a significant legal resolution.
December 1, 2023 Catastrophe Legislation & Regulation Litigation Property Delaware Ohio West Virginia

Scrutiny on Florida’s Citizens Property Insurance Amid Climate Change Concerns

Scrutiny on Florida’s Citizens Property Insurance Amid Climate Change Concerns

U.S. Senate Budget Committee investigates Florida’s Citizens Property Insurance Corp’s preparedness for underwriting losses due to extreme weather, highlighting the challenges of climate change on insurance.
December 1, 2023 Catastrophe Legislation & Regulation Property Risk Management

Tragic Floorboard Collapse in South Carolina Reveals Hidden Well, Leading to Elderly Woman’s Death

Tragic Floorboard Collapse in South Carolina Reveals Hidden Well, Leading to Elderly Woman’s Death

In a bizarre and tragic accident, an elderly woman falls through deteriorating floorboards into an unknown well shaft in a century-old South Carolina home.
November 30, 2023 Catastrophe Insurance Industry Property Risk Management South Carolina

US Issues Caution for Maritime Shipping in Red Sea Amid Rising Attack Risks

US Issues Caution for Maritime Shipping in Red Sea Amid Rising Attack Risks

The US warns of increased dangers for ships in the Red Sea and Gulf of Aden, with recent attacks and suspicious activities heightening risks and insurance concerns.
November 28, 2023 Catastrophe Insurance Industry Marine Risk Management

Commercial Underwriting: Risk Factors That Matter

Commercial Underwriting: Risk Factors That Matter

Understanding the complex landscape requires both foresight into identifying the right risk variables and a modern technology stack.
November 28, 2023 Catastrophe Risk Management Technology Underwriting

Glimmers of Good News on Climate (Finally)

Glimmers of Good News on Climate (Finally)

Stunning declines in the cost of solar and wind power are rapidly adding renewables to the world’s energy mix.
November 28, 2023 Auto Catastrophe Risk Management Technology Georgia New Jersey

Understanding the Nuances of ’Falling Objects’ in Insurance Coverage

Understanding the Nuances of ’Falling Objects’ in Insurance Coverage

A condominium’s claim for damage caused by unstable excavation material highlights the intricate interpretations of ’falling objects’ in insurance policies.
November 27, 2023 Catastrophe Litigation Property Risk Management Minnesota

Chubb Report Reveals Misconceptions Among US Mid-Market Companies Regarding Flood Risks

Chubb Report Reveals Misconceptions Among US Mid-Market Companies Regarding Flood Risks

Chubb’s new report highlights a significant gap in understanding among US mid-market companies about the extent of flood risk and insurance coverage.
November 21, 2023 Catastrophe Insurance Industry Property Risk Management

Rising Natural Disasters and Economic Factors Lead to Increasing Homeowners Insurance Costs

Rising Natural Disasters and Economic Factors Lead to Increasing Homeowners Insurance Costs

Homeowners insurance affordability declines nationwide, influenced by increased natural disasters and economic factors, with significant state-to-state variations in insurance costs.
November 20, 2023 Catastrophe Legislation & Regulation Property Risk Management Alabama Louisiana Mississippi New Hampshire Oklahoma

Homeowners Insurance Affordability Study Reveals Significant Variations Across States

Homeowners Insurance Affordability Study Reveals Significant Variations Across States

A recent study by the Insurance Research Council reveals stark differences in homeowners insurance affordability across the United States.
November 14, 2023 Catastrophe Legislation & Regulation Property Risk Management Alabama Florida Louisiana Mississippi New Hampshire

Adapting to Wildfire Realities: Insurance Sector’s Evolving Role in Risk Management

Adapting to Wildfire Realities: Insurance Sector’s Evolving Role in Risk Management

Wildfires continue to threaten communities, ecosystems, and economies worldwide. With the increased risk and frequency of catastrophic weather events, the continuous need to reassess and update models has challenged insurance professionals.
November 10, 2023 Catastrophe Legislation & Regulation Property Risk Management California Colorado Hawaii Oregon
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