A new Insurance Information Institute brief says heat waves, drought and development in the wildland-urban interface are driving wildfire exposure beyond the Western United States, creating new underwriting and claims challenges for insurers.
Federal prosecutors allege reality television personality and convicted crop insurance fraud defendant Steve McBee transferred valuable business interests to his sons while under investigation. The family disputes the claims and argues the transfers followed long-established trust practices.
The FTC and seven states allege Live Nation and Ticketmaster enabled brokers to bypass ticket limits, reaping billions in fees while fans paid inflated resale prices.
Despite record-setting accuracy in 2024 hurricane forecasts, funding and staff cuts at NOAA threaten future storm tracking capabilities and public safety nationwide.
NOAA staffing shortages have forced a pause in weather balloon launches at key U.S. locations, raising concerns about storm forecasting and community resilience.
National Weather Service balloon launch reductions, blamed on Department of Government Efficiency (DOGE) staff cuts, threaten forecast accuracy during severe weather season, raising concerns for claims adjusters.
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.
A new Insurance Research Council (IRC) report reveals that over 33% of U.S. drivers in 2023 lacked sufficient auto insurance, marking a significant increase since 2017.
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.
A Nebraska couple faces felony charges for allegedly defrauding Geico out of nearly $80,000 by filing a false insurance claim on a stolen camper that was later found in Oklahoma.
The Q2 2024 Ivans Index reveals an overall increase in premium renewal rates for major commercial insurance lines, with Workers’ Compensation as the exception, showing a year-over-year decrease.
Recent tornadoes in Nebraska, Iowa, and Oklahoma have caused significant damage, impacting over 7,000 properties and leading to extensive recovery efforts.
A series of tornadoes, influenced by El Niño’s decay, wreaked havoc across the central United States from Oklahoma to Nebraska, highlighting changing patterns in tornado occurrences.
