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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

Climate Change Intensifies Hurricane Helene’s Impact on Coastal and Inland Communities

Climate Change Intensifies Hurricane Helene’s Impact on Coastal and Inland Communities

Hurricane Helene, a Category 4 storm, caused catastrophic flooding and destruction from Florida’s coast to the Southern Appalachians. Research shows climate change intensified its rainfall, winds, and flooding risks.
October 11, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina Tennessee

Hurricane Milton Could Deplete U.S. Insurers’ Catastrophe Budgets, Global Reinsurers Likely to Endure

Hurricane Milton Could Deplete U.S. Insurers’ Catastrophe Budgets, Global Reinsurers Likely to Endure

Hurricane Milton, a Category 5 storm expected to strike Florida, threatens to deplete U.S. property/casualty insurers’ catastrophe budgets and test global reinsurers’ limits, though most are expected to weather the storm without significant capital impacts.
October 10, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia North Carolina South Carolina

Waffle House Index Signals Severe Impact from Hurricane Milton in Florida

Waffle House Index Signals Severe Impact from Hurricane Milton in Florida

The Waffle House Index, a quirky yet reliable gauge of storm severity, shows widespread closures across Florida as Hurricane Milton approaches, warning of significant damage and disruption.
October 9, 2024 Catastrophe Property Risk Management Technology Florida Georgia North Carolina South Carolina

Federal Flood Maps Lag Behind Climate Disasters, Leaving Millions at Risk

Federal Flood Maps Lag Behind Climate Disasters, Leaving Millions at Risk

As climate-intensified storms expose the limitations of FEMA’s outdated flood maps, millions of Americans may face flood risks without adequate insurance protection, especially in areas prone to heavy rainfall.
October 9, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina

Hurricane Milton Threatens Central Florida with Potential Direct Hit

Hurricane Milton Threatens Central Florida with Potential Direct Hit

Hurricane Milton, set to make landfall as a Category 3 storm, could bring catastrophic impacts to Florida’s Gulf Coast, particularly the Tampa area, just two weeks after Hurricane Helene’s devastation.
October 9, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia North Carolina South Carolina

Hurricane Milton Strengthens to Category 4, Poised for Midweek Florida Landfall

Hurricane Milton Strengthens to Category 4, Poised for Midweek Florida Landfall

Hurricane Milton, now a powerful Category 4 storm, is set to make landfall midweek in Florida, bringing life-threatening storm surges, heavy rain, and strong winds.
October 7, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina

FEMA Faces Funding Shortage as Hurricane Helene Devastates the Southeast

FEMA Faces Funding Shortage as Hurricane Helene Devastates the Southeast

FEMA is running low on disaster relief funds as it responds to Hurricane Helene, which caused severe damage across several Southeastern states. Congress may need to pass additional funding to sustain relief efforts.
October 4, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia Louisiana North Carolina South Carolina

Dockworkers Reach Tentative Deal, Strike Suspended Until January

Dockworkers Reach Tentative Deal, Strike Suspended Until January

U.S. dockworkers have suspended their strike after reaching a tentative agreement with terminal operators, securing a wage increase and agreeing to continue negotiations in January.
October 4, 2024 Legislation & Regulation Litigation Risk Management Alabama Florida Georgia Louisiana Maryland

Hurricane Helene Signals Emerging Inland Threat as Storms Retain Strength

Hurricane Helene Signals Emerging Inland Threat as Storms Retain Strength

Hurricane Helene’s unprecedented inland devastation highlights the growing danger of the "brown-ocean effect," a phenomenon that may allow future hurricanes to retain strength as they move further inland.
October 1, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina

Hurricane Helene’s Economic Impact Could Reach $160 Billion Due to Infrastructure Destruction and Business Losses

Hurricane Helene’s Economic Impact Could Reach $160 Billion Due to Infrastructure Destruction and Business Losses

Economic estimates for Hurricane Helene project up to $160 billion in damage, driven by widespread infrastructure failure, property loss, business disruption, and long-term recovery costs.
September 30, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia Kentucky North Carolina Ohio

Helene Hits Florida as Category 4 Hurricane, Unveils Critical Flood Insurance Gap

Helene Hits Florida as Category 4 Hurricane, Unveils Critical Flood Insurance Gap

Hurricane Helene’s catastrophic flooding from Florida to North Carolina exposes the serious lack of flood insurance coverage among homeowners, especially in inland areas, highlighting the increasing risks from extreme weather events.
September 30, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia Kentucky North Carolina South Carolina

Hurricane Helene Set to Hit Florida Tonight with Life-Threatening Storm Surge and 40 Million Under Warnings

Hurricane Helene Set to Hit Florida Tonight with Life-Threatening Storm Surge and 40 Million Under Warnings

Hurricane Helene, a rapidly intensifying Category 2 storm, is expected to make landfall as a Category 4 hurricane in Florida, bringing 15-20 foot storm surges and affecting millions across the Gulf Coast.
September 26, 2024 Catastrophe Legislation & Regulation Property Risk Management Alabama Florida Georgia
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