Residents in central Michigan on Thursday began returning to water-logged homes and assessing the scope of damage left by what Gov. Gretchen Whitmer described as a "500-year" flooding event. The disaster began unfolding on Tuesday after a long period of heavy rain caused rivers to swell beyond anything seen before, which resulted in two dams failing.

Forecasters at the National Oceanic and Atmospheric Administration are predicting an above-normal 2020 Atlantic hurricane season.

The insurance industry set itself up for a public relations disaster when it comes to business interruption claims, and it should be prepared to be called out more often on the name given to the coverage, says one risk researcher.

To help the public understand the insurance industry’s role, the Insurance Information Institute (I.I.I.) has launched a new educational campaign — one that makes it clear that insurance should not be on the hook for the coronavirus pandemic.

Insurance market Lloyd’s of London has said it expects coronavirus-related claims to cost it $3bn to $4.3bn (£2.5bn to £3.5bn). That means its biggest payout since the 11 September 2001 attacks in the US.

Another year, another "preseason" tropical storm. Tropical (or Subtropical) Storm Arthur is likely to form over the next few days, the National Hurricane Center said Thursday, giving the system a 70% chance of development within the next five days.

With the official start of the 2020 Atlantic hurricane season just one month away, there has likely never been a more important one for the insurance industry.

Between the industry’s digital disruption and now the practicing of social distancing related to COVID-19, the processes of a catastrophe response, both field and desk adjusting, are undergoing significant changes.

When encountering the term “catastrophic risk”, most people will think about extreme weather, climate change, earthquakes, and other related concepts involving nature. However, Marsh’s Technology Industry Risk Study 2020 has highlighted a widely underestimated risk that could potentially lead to catastrophic results: the failure of technology to perform.

In case you weren’t aware, there’s a pandemic currently sweeping our nation, and the convulsions caused by COVID-19’s impact on our personal lives have only been rivaled by those felt in our professional ones.

Small businesses trying to get their state legislatures to force insurance companies to cover coronavirus losses are coming up against an opponent many might not have expected: the U.S. Chamber of Commerce.

With the 2020 Atlantic hurricane season fast approaching, U.S. officials on Thursday said they were readying more buses, hotel rooms and shelter space for social distancing to reduce the spread of the novel coronavirus during potential evacuations.

Currently, there is a movement by some industry personnel and legislators to expand the Terrorism Risk Insurance Act (TRIA) to include pandemics. There is a discussion draft of a bill, and a summary of that bill here. So, is a federal backstop program that is part of, or similar to, TRIA feasible or advisable?

With the pandemic only now becoming a litigious one as businesses line up to sue insurance companies for not paying out on business interruption claims, it might seem that insurers wouldn’t be impacted financially by the health crisis at this stage. However, as Q1 results start trickling in, it’s becoming evident that some insurers’ first figures for 2020 have been overshadowed by the coronavirus outbreak.

In a case where no insurance company or insurance claim was involved, the Pennsylvania Supreme Court issued a ruling that could potentially negate one of the insurance industry’s standard bases for denial of coverage of business income claims—i.e. that COVID-19 did not result in “direct physical loss to insured property.”