Texas Flash Floods Expose Major Insurance Gaps After $1.1 Billion Disaster
Over 120 lives lost and $1.1 billion in damages from the July 4 flash floods in Central Texas, with low flood insurance uptake leaving most homeowners to face rebuilding costs alone.
July 23
Catastrophe
Insurance Industry
Property
Risk Management
Texas
SharePoint Vulnerabilities Expose Challenges in Microsoft’s Cybersecurity Overhaul
As Chinese hackers exploit SharePoint software flaws, Microsoft faces renewed scrutiny over its Secure Future Initiative and ongoing cybersecurity transformation.
July 23
Insurance Industry
Litigation
Risk Management
Technology
Oregon
Insurer Says It Owes No Coverage for Kansas City Super Bowl Parade Shooting Lawsuit
Cincinnati Specialty Underwriters says its event liability policy excludes coverage for claims tied to a deadly shooting at the 2024 Super Bowl parade in Kansas City.
July 23
Insurance Industry
Liability
Litigation
Risk Management
Missouri
Clorox Sues Cognizant Over Password Failures in 2023 Cyberattack
Clorox claims Cognizant failed basic security protocols, allowing hackers to access its network during a 2023 cyberattack that led to $380 million in damages.
July 23
Insurance Industry
Litigation
Risk Management
Technology
California
Mother and Son Sentenced to Prison for $150K Inmate Unemployment Fraud Scheme
A Modesto man and his mother from Turlock were sentenced for using prison inmates’ identities to steal over $150,000 in fraudulent pandemic unemployment claims.
July 21
Fraud
Insurance Industry
Legislation & Regulation
Litigation
California
Former Insurance Executive Admits Role in Fraud That Led to Collapse of Two Companies
Jasbir Thandi admitted to falsifying financial records and misappropriating funds, resulting in over $20 million in losses and the failure of two insurance carriers.
July 21
Fraud
Insurance Industry
Legislation & Regulation
Litigation
California
Texas
Vermont
Former Kentucky Warehouse Manager Agrees to Pay $16M in Crop Insurance Fraud Case
A former tobacco warehouse manager in Danville, Kentucky, admitted to helping farmers file fake crop insurance claims and now owes at least $16 million in restitution.
July 21
Fraud
Insurance Industry
Litigation
Property
Kentucky
Cybersecurity Insurance Market Set to Surpass $32 Billion by 2030 Amid Rising Threats
Cyber insurance is on track to more than double in market value by 2030, driven by rising cyberattacks, new regulations, and demand for integrated risk solutions.
July 21
Insurance Industry
Risk Management
Technology
Insurers Embrace Agentic AI as Trust and Risk Take Center Stage
Insurers are piloting agentic AI to streamline claims and underwriting, but widespread adoption is slowed by trust, privacy concerns, and regulatory readiness gaps.
July 21
Insurance Industry
Risk Management
Technology
Underwriting
U.S. Wildfires and Storms Push Global Insured Catastrophe Losses to $100 Billion in First Half of 2025
Aon’s midyear catastrophe recap shows $100 billion in insured losses—second-highest ever—driven by U.S. wildfires, convective storms, and a costly earthquake in Myanmar.
July 17
Catastrophe
Insurance Industry
Property
Risk Management
California
Missouri
Why the U.S. Faces Soaring Hurricane Losses as Storms Grow Stronger
With climate change intensifying storms, insured hurricane losses in the U.S. could surge 50%—testing the limits of insurers, infrastructure, and public preparedness.
July 17
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Massachusetts
New York
Texas
Fans Injured in FedEx Field Railing Collapse Reach Settlement With Washington Commanders
Four fans injured during a 2022 NFL game when a railing gave way at FedEx Field have settled negligence claims against the Washington Commanders following arbitration proceedings.
July 17
Insurance Industry
Liability
Litigation
Risk Management
Maryland
Gulf System Could Become Tropical Storm Dexter as Development Chances Rise
A low-pressure system moving from Florida into the Gulf may strengthen into Tropical Storm Dexter later this week, bringing heavy rain and flooding risks across the region.
July 15
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Mississippi
Texas
How a Warmer Climate Could Drive a 39% Surge in U.S. Hurricane Insurance Losses
A new scenario analysis reveals that insured U.S. hurricane losses could rise by nearly 40 percent under a 2 degrees Celsius warmer climate, with the greatest relative impacts along the East Coast.
July 15
Catastrophe
Insurance Industry
Property
Risk Management
How Rising Insurance Costs Are Leaving Millions Financially Strapped
Millions of Americans are paying more than ever for health, auto, home, and life insurance—stretching their budgets thin and fueling a growing crisis of insurance poverty.
July 15
Auto
Insurance Industry
Life & Health
Property
Ohio
