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Michigan’s EV Industry Faces Uncertainty as Federal Policies Shift

Michigan’s EV Industry Faces Uncertainty as Federal Policies Shift

The federal government’s new stance on electric vehicles creates uncertainty for Michigan’s EV industry, but major investments and industry leaders remain committed to long-term electrification.
January 29, 2025 Auto Legislation & Regulation Risk Management Technology Georgia Michigan

Historic Snowstorm Brings Chaos to US South With Record-Breaking Cold and Snowfall

Historic Snowstorm Brings Chaos to US South With Record-Breaking Cold and Snowfall

A rare snowstorm dumped record amounts of snow across the US South, causing travel chaos, frozen pipes, and widespread disruptions in states unprepared for such severe winter weather.
January 24, 2025 Catastrophe Property Risk Management Technology Arkansas Florida Georgia Louisiana Oklahoma

Cargo Theft Hits Unprecedented Highs in 2024, with $202K Average Loss Per Incident

Cargo Theft Hits Unprecedented Highs in 2024, with $202K Average Loss Per Incident

Cargo theft incidents surged 27% in 2024, reaching 3,625 reported cases in the U.S. and Canada. California and Texas were hit hardest, with criminals shifting to high-value targets like electronics and copper.
January 23, 2025 Fraud Property Risk Management Technology California Georgia New York Texas

Reforms in Louisiana Strive to Mend Insurance Market Challenges

Reforms in Louisiana Strive to Mend Insurance Market Challenges

Despite progress through legislative reforms, Louisiana’s insurance market remains burdened by high costs, litigation, and affordability issues, requiring ongoing attention.
January 22, 2025 Auto Legislation & Regulation Litigation Property Florida Georgia Louisiana North Carolina

Are Design Professionals Liable for Nuisance? A Growing Debate in Construction Law

Are Design Professionals Liable for Nuisance? A Growing Debate in Construction Law

As nuisance claims against design professionals rise, courts emphasize the essential role of control in determining liability, often redirecting such claims to professional negligence.
December 26, 2024 Legislation & Regulation Liability Litigation Risk Management Georgia

Amazon Braces for Strike Threats During Peak Holiday Season

Amazon Braces for Strike Threats During Peak Holiday Season

Teamsters union members in multiple cities threaten a pre-Christmas strike, pressuring Amazon to negotiate amid labor disputes over unionization and workplace rights.
December 19, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation Alabama California Georgia Illinois New York

Millions of Homeowners Risk Being Underinsured for Detached Structures

Millions of Homeowners Risk Being Underinsured for Detached Structures

AI-based analysis reveals nearly half of U.S. properties have overlooked secondary structures, highlighting risks for homeowners and insurers alike.
December 19, 2024 Property Risk Management Technology Underwriting California Georgia Montana North Carolina Rhode Island

Legal System Abuse: The New Name Driving Insurance Industry Reform

Legal System Abuse: The New Name Driving Insurance Industry Reform

Insurance leaders at Triple-I’s 2024 Joint Industry Forum rebrand "social inflation" as "legal system abuse" to improve communication and drive legal reform for cost control.
December 3, 2024 Fraud Legislation & Regulation Litigation Risk Management Florida Georgia Kansas Louisiana Washington

Record-Breaking 2024 Hurricane Season Ends with $50 Billion in Insured Losses

Record-Breaking 2024 Hurricane Season Ends with $50 Billion in Insured Losses

The 2024 Atlantic hurricane season, ending with 18 named storms, saw record-breaking storms, including Hurricane Milton, which inflicted billions in insured losses across the U.S.
December 2, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia Louisiana North Carolina South Carolina

Pennsylvania Jury Orders Sig Sauer to Pay $11M in Pistol Defect Lawsuit

Pennsylvania Jury Orders Sig Sauer to Pay $11M in Pistol Defect Lawsuit

A Pennsylvania jury awarded $11 million to a veteran injured by a Sig Sauer P320 pistol that allegedly fired without the trigger being pulled, citing design flaws and negligence.
November 22, 2024 Legislation & Regulation Liability Litigation Risk Management Georgia New Hampshire Pennsylvania

Rising Inland Flood Risk Demands Urgent Attention in U.S.

Rising Inland Flood Risk Demands Urgent Attention in U.S.

The Insurance Information Institute’s latest report highlights the increasing flood risks faced by inland areas due to shifting weather patterns. Hurricanes, tropical storms, and thunderstorms are pushing the boundaries of flood-prone regions, underscoring the need for better insurance coverage, flood resilience, and mitigation strategies to bridge the protection gap in non-coastal communities.
November 14, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia Kentucky New Jersey New York

Florida Hurricane Damage Claims Reach $4.775 Billion After Hurricanes Helene and Milton

Florida Hurricane Damage Claims Reach $4.775 Billion After Hurricanes Helene and Milton

Insurance claims in Florida from Hurricanes Helene and Milton have reached $4.775 billion, up $169 million from last week’s total. The storms have left extensive residential and commercial property damage, according to the Office of Insurance Regulation.
November 12, 2024 Catastrophe Insurance Industry Legislation & Regulation Property Florida Georgia North Carolina South Carolina Tennessee

How Attorney Ads May Drive Up Auto Insurance Rates, Per New Survey

How Attorney Ads May Drive Up Auto Insurance Rates, Per New Survey

A recent IRC survey reveals that attorney advertising may be influencing auto insurance costs, as 60% of respondents link it to higher claims and 52% believe it raises insurance premiums.
October 30, 2024 Auto Insurance Industry Legislation & Regulation Litigation Florida Georgia Louisiana

Texas A&M Research Links Climate Change to Increased Hurricane Rainfall in the Southeast

Texas A&M Research Links Climate Change to Increased Hurricane Rainfall in the Southeast

A Texas A&M study shows a nearly 20% increase in extreme rainfall during storms like Hurricane Helene, linking climate change to intensified flooding risks across the southeastern United States.
October 28, 2024 Catastrophe Property Risk Management Florida Georgia North Carolina Texas

Widespread Flooding from Hurricane Helene Spotlights Inland Insurance Gaps

Widespread Flooding from Hurricane Helene Spotlights Inland Insurance Gaps

The devastation from Hurricane Helene reveals a significant inland flood-protection gap, particularly in flood-prone communities without sufficient insurance coverage, where misinformation and funding challenges further slow recovery efforts.
October 28, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management Florida Georgia Kentucky New Jersey New York
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