Lithium-ion batteries pose increasing fire and environmental risks during natural disasters, prompting insurers, governments, and consumers to rethink safety and response strategies.
A tornado touched down near Orlando, Florida, striking a TV station during a live weather broadcast. Meteorologist Brooks Garner stayed on air as the storm passed over the studio.
With soaring premiums and industry instability, Florida lawmakers are pushing for reforms in home and auto insurance. Transparency, incentives, and technology may offer relief, but challenges remain.
A Tampa-based contractor was sentenced to four years in prison and ordered to pay over $55 million in restitution for fraud, tax evasion, and workplace violations that led to an employee’s death.
Severe convective storms are a major driver of rising insurance costs, with hail, tornadoes, and strong winds causing billions in property damage. Understanding storm patterns can help insurers manage risk effectively.
Two individuals allegedly defrauded the Affordable Care Act by submitting false applications, leading to millions in commissions and subsidy fraud. They face multiple federal charges.
A new Insurance Research Council (IRC) report reveals that over 33% of U.S. drivers in 2023 lacked sufficient auto insurance, marking a significant increase since 2017.
South Carolina’s liquor liability insurance market has been unprofitable since 2017, with insurers losing $1.77 for every $1.00 earned. Claim frequency far exceeds neighboring states, intensifying concerns.
Florida’s insurance market is stabilizing, with reinsurance supply outpacing demand for the first time in years. However, challenges remain, particularly in the lower layers of reinsurance coverage, where costs continue to rise.
A new study from the Institute for Legal Reform reveals that U.S. tort costs have risen at an annual rate of 7.1% from 2016 to 2022, exceeding both inflation and GDP growth.
The 2025 Climate and Catastrophe Insight Report by Aon highlights how hurricanes, severe storms, and global flooding pushed disaster losses to $368 billion in 2024, exposing critical insurance gaps.
A Boca Raton dentist faces multiple felony charges for allegedly fabricating claims to defraud MetLife, Delta Dental, and Aetna of $157,000, according to investigators.
Florida’s HB13 aims to expand Citizens Property Insurance to provide windstorm coverage for all homeowners, addressing gaps in the private market and enhancing hurricane resilience.
The fallout from California’s wildfires reveals a widespread lack of understanding about risk assessment, policy renewals, and the structure of insurance companies among the general public.
