
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’s Impact Pressures Florida’s Struggling Insurance Market
Hurricane Helene's destructive force on Florida's properties highlights the fragility of the state's insurance market, with rising premiums, reinsurance challenges, and climate change amplifying risks.
September 30, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida

Navigating the Complexities of Alcohol and Marijuana in Life Insurance Claims
Alcohol and marijuana present unique challenges in life and AD&D claims. While alcohol regulations are uniform, marijuana's state-by-state legality and unpredictable effects complicate claim decisions and risk management.
September 30, 2024
Legislation & Regulation
Liability
Life & Health
Risk Management

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

Florida’s Insurance Market Faces Uncertainty as Hurricane Helene Approaches
As Hurricane Helene threatens Florida's Gulf Coast, concerns rise over the stability of the state's recovering insurance market. Despite progress, losses could still reach billions.
September 26, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida

California Wildfire Season Intensifies Without Key Factor, Raising Concerns for the Coming Months
California has faced a severe wildfire season fueled by heat and dried-out vegetation, even without the seasonal winds that typically escalate fire risks. Experts warn that conditions could worsen as fall progresses.
September 24, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
California

Actuarial Studies Tackle Bias, AI, and Modeling in Insurance Pricing
The Casualty Actuarial Society has released four new reports that explore bias in insurance pricing models, AI usage, and regulatory concerns, aiming to guide actuaries toward fairness and compliance.
September 24, 2024
Auto
Legislation & Regulation
Risk Management
Technology

California Firefighter Arrested for Allegedly Starting Five Brush Fires in Northern California
A firefighter in Northern California has been arrested for allegedly starting five brush fires while off duty, raising concerns about internal misconduct within fire agencies.
September 23, 2024
Catastrophe
Legislation & Regulation
Litigation
Property
California

New Jersey Supreme Court Expands Duty of Care for Sidewalks Next to Vacant Commercial Properties
The New Jersey Supreme Court ruled that commercial landowners, including those with vacant properties, must maintain public sidewalks abutting their properties in safe condition, aligning with broader public policy principles.
September 23, 2024
Legislation & Regulation
Liability
Litigation
Property
New Jersey

Workers’ Compensation Outpaces P&C Lines with Sustained Profitability and Low Claims Frequency
Workers' compensation continues to boost the property and casualty insurance industry with an 88.7 combined ratio in 2023, driven by reduced claims frequency, workplace safety, and competitive market conditions.
September 23, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Workers' Compensation

NFL Teams Losing Millions in Cap Space by Skipping Insurance on Star Quarterbacks
The Aaron Rodgers injury and Jets' decision to skip insurance on his contract highlight how NFL teams can lose significant cap space and insurance proceeds when failing to protect high-value players.
September 18, 2024
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
California
Florida
New York
Ohio
Pennsylvania

Lawmakers Push for UI Fraud Prevention While Improving Equity and Access
In response to pandemic-era unemployment fraud, lawmakers propose solutions to improve fraud prevention and equity in UI systems, leveraging technology and data-sharing practices.
September 18, 2024
Fraud
Insurance Industry
Legislation & Regulation
Technology
Alabama
Kentucky
New Jersey
Vermont

Cyber Attacks on U.S. Utilities Soar by 70 Percent, Experts Warn of Rising Threat
Cyber attacks on U.S. utilities have surged nearly 70 percent this year, exposing vulnerabilities in outdated software and expanding infrastructure. Experts warn a large-scale attack could cripple essential services.
September 13, 2024
Catastrophe
Legislation & Regulation
Risk Management
Technology
California

Florida Home Inspector Accused of Reusing Photos in 200+ Insurance Inspections, Costing $88,000
A Florida home inspector is accused of using identical stock photos in over 200 inspections, costing Citizens Property Insurance Corp. thousands in fraudulent premiums and reinspection costs.
September 13, 2024
Fraud
Insurance Industry
Legislation & Regulation
Property
Florida

Roof Damage Claims Surge Nationwide Amid Extreme Weather and Rising Costs
The surge in roof damage claims, driven by extreme weather and rising repair costs, is creating significant challenges for insurers, with increased fraud and evolving policy terms adding to the crisis.
September 11, 2024
Fraud
Legislation & Regulation
Property
Risk Management
Alabama
Arkansas
Florida
Illinois
Minnesota



