
Homeowners Face 21% Insurance Premium Increase, Climate Change Cited as Major Factor
Homeowners insurance premiums surged by 21% from May 2022 to May 2023, largely due to severe weather events driven by climate change, leaving many homeowners with limited options.
July 29, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
California
Colorado
Florida
Idaho
Louisiana

NBA Teams Sued for Copyright Infringement in Social Media Videos
Fourteen NBA teams are accused of using copyrighted music in social media promotional videos without proper licensing, leading to multiple lawsuits by Kobalt and other music companies.
July 23, 2024
Insurance Industry
Legislation & Regulation
Litigation
Technology
Arizona
California
Colorado
Florida
Georgia

Gulf Coast Disasters 2020-2021: Impacts and Lessons
Exploring the compounded impacts of multiple disasters on Gulf Coast communities from 2020 to 2021 and the lessons learned to enhance future resilience.
July 22, 2024
Catastrophe
Life & Health
Property
Risk Management
Alabama
Florida
Louisiana
Mississippi
Texas

Understanding Hurricane Categories: Why Even "Weaker" Storms Can Be Dangerous
While often dismissed, Category 1 hurricanes and tropical storms can cause significant damage and fatalities, emphasizing the need for a comprehensive understanding of storm impacts beyond mere wind strength.
July 15, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Florida
Louisiana
New York
Texas

Addressing Rising Insurance Costs Through Education and Resilience
Triple-I emphasizes the importance of consumer education and community resilience to mitigate rising insurance costs driven by inflation, litigation, and natural disasters.
July 11, 2024
Education & Training
Legislation & Regulation
Property
Risk Management
California
Florida
Louisiana

Former New Orleans Police Officer Indicted in Botched Art Insurance Scam
A former New Orleans police officer faces up to 75 years in prison for orchestrating a fraudulent art heist insurance claim worth $128,500.
July 8, 2024
California
Louisiana
Nevada

Escalating Home Insurance Costs Linked to Disaster Risk: Insights from Mortgage Escrow Data
An analysis of 47 million homeowners’ insurance expenditures reveals a sharp increase in premiums from 2020 to 2023, with disaster-prone areas experiencing the most significant hikes due to rising reinsurance costs.
July 1, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
Florida
Louisiana
Texas

Lightning-Related Insurance Claims Soar in 2023
The Insurance Information Institute (Triple-I) reported a 30% increase in total claims value from 2022, highlighting the financial impact of severe convective storms.
June 19, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
California
Florida
Georgia
Louisiana

Heavy Rains Aim for Texas and Louisiana as Tropical System Brews in Gulf of Mexico
AccuWeather hurricane experts are monitoring the southwestern Gulf of Mexico for potential tropical development this week.
June 17, 2024
Catastrophe
Property
Risk Management
Florida
Louisiana
Texas

Lex Machina Reports Trends in Insurance Litigation for 2024
Lex Machina, a LexisNexis company, has released its 2024 Insurance Litigation Report, providing an in-depth analysis of trends in federal district and appellate courts from 2021 to 2023.
June 17, 2024
Insurance Industry
Liability
Litigation
Property
Louisiana

Texas Hit by Severe Storms, Leaving Over 750,000 Without Power
Powerful storms swept through Texas on Tuesday, causing over 750,000 power outages and significant damage, especially in the Dallas-Fort Worth area, with further severe weather expected throughout the day.
May 28, 2024
Catastrophe
Property
Risk Management
Technology
Florida
Louisiana
Oklahoma
Texas

Florida’s Property Insurance Market Shows Signs of Stabilization in 2024
The Florida Office of Insurance Regulation reports a downward trend in property insurance rates for 2024, indicating market stabilization due to recent reforms.
May 21, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Florida
Georgia
Hawaii
Louisiana

Houston Power Outages Could Last Weeks After Deadly Hurricane-Force Winds
Power outages in Houston could last for weeks following a destructive storm with hurricane-force winds, leaving thousands without electricity amid soaring temperatures.
May 17, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
Florida
Georgia
Louisiana
Mississippi

Underinsured Motorist Rates Remain High Across the US
Nearly 16% of U.S. drivers in 2022 were underinsured, unable to fully cover damages or injuries caused in accidents, highlighting a significant insurance gap.
April 24, 2024
Auto
Liability
Colorado
District Of Columbia
Georgia
Kentucky
Louisiana

Harnessing Geospatial Technology for Enhanced Risk Assessment in the Insurance Sector
Discover how geospatial technology revolutionizes risk profiling and pricing in insurance, offering precise mapping to predict and manage risks.
April 19, 2024
Auto
Property
Risk Management
Technology
Florida
Louisiana
Texas



