Rising Insurance Costs and Severe Thunderstorms: How Convective Storms Are Reshaping Risk
Severe convective storms are a major driver of rising insurance costs, with hail, tornadoes, and strong winds causing billions in property damage. Understanding storm patterns can help insurers manage risk effectively.
February 24
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
Florida
Georgia
Illinois
Indiana
Delta Offers $30,000 to Passengers After Crash-Landing in Toronto
Delta Air Lines is offering $30,000 to each passenger of Flight 4819, which crash-landed and flipped upside down in Toronto. Investigators are still determining the cause of the accident.
February 20
Insurance Industry
Litigation
Risk Management
Minnesota
Minnesota Secures $300K Settlement with Florida Firm Over Worker Misclassification
A Florida company, accused of misclassifying Minnesota workers, settles for $300,000 and halts operations in the state, addressing worker misclassification and lost benefits.
December 26, 2024
Fraud
Insurance Industry
Legislation & Regulation
Workers' Compensation
Florida
Minnesota
North Dakota Grants Key Approval for Midwest CO2 Pipeline Storage
North Dakota regulators approved permits for underground carbon dioxide storage, a critical step for Summit Carbon Solutions’ Midwest pipeline project, despite ongoing opposition.
December 19, 2024
Legislation & Regulation
Property
Risk Management
Technology
Iowa
Minnesota
Nebraska
North Dakota
South Dakota
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
Federal Policy Conflicts Could Raise Flood Insurance Costs, Leave Thousands Unaware of Dam Risks
Conflicting federal policies hinder communities from accessing vital dam failure data, potentially raising flood insurance costs and leaving residents unaware of flood risks.
August 26, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Arizona
California
Colorado
Georgia
Minnesota
Congress Probes Alleged Exploitative Practices by Health Insurers and MultiPlan
Lawmakers are questioning health insurance regulators and MultiPlan’s role in reducing payments to medical providers, which may lead to higher costs for patients and employers, raising concerns about transparency and potential conflicts of interest.
August 21, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Litigation
California
Massachusetts
Minnesota
Oregon
Virginia
NOAA Proposes $575 Million for Coastal Climate Resilience
NOAA recommends $575 million in funding for 19 projects to enhance coastal climate resilience under the Investing in America agenda.
July 31, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alaska
California
Delaware
Hawaii
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
Insurance Adjusters Face Overwhelming Workload Challenges
Adjusters in the insurance industry, particularly those working in property claims, are expressing significant frustration and burnout due to overwhelming workloads and unrealistic expectations.
July 22, 2024
Auto
Catastrophe
Insurance Industry
Workers' Compensation
Minnesota
New Study Uncovers State Variations in Workers’ Compensation for First Responders’ Mental Health
Recent research from the FIRST Center highlights significant differences in state workers’ compensation laws for first responders with mental health conditions, emphasizing the need for uniform presumption laws.
July 16, 2024
Legislation & Regulation
Life & Health
Risk Management
Workers' Compensation
Alaska
Arizona
California
Colorado
Connecticut
Court Rules Tenant Can’t Claim Total Loss for Pre-Fire Improvements
A Minnesota court ruled that a cellphone repair business is not entitled to total-loss coverage for $445,000 in tenant improvements made before a fire destroyed their leased space in a commercial building.
July 8, 2024
Insurance Industry
Litigation
Property
Risk Management
Minnesota
New OSHA Rule to Protect Workers from Heat Illness
OSHA’s proposed rule aims to safeguard indoor and outdoor workers from heat-related illnesses and deaths.
July 2, 2024
Legislation & Regulation
Risk Management
Workers' Compensation
California
Colorado
Maryland
Minnesota
Oregon
Crisis Unfolds in Minnesota’s Long-Term Care Insurance Industry
Minnesota’s long-term care insurance industry faces a crisis with soaring premiums, denied benefits, and delayed payments as more senior citizens begin to tap into their insurance benefits.
June 10, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Risk Management
Minnesota
2024 Product Recall Insights: Trends and Predictions for US Industries
The 2024 State of the Nation Recall Index report by Sedgwick highlights key trends, statistics, and predictions in product recalls across US industries, including pharmaceuticals, consumer products, automotive, medical devices, and food and drink.
May 17, 2024
Auto
Insurance Industry
Legislation & Regulation
Technology
Michigan
Minnesota
