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Texas A&M Research Links Climate Change to Increased Hurricane Rainfall in the Southeast

Texas A&M Research Links Climate Change to Increased Hurricane Rainfall in the Southeast

A Texas A&M study shows a nearly 20% increase in extreme rainfall during storms like Hurricane Helene, linking climate change to intensified flooding risks across the southeastern United States.
October 28, 2024 Catastrophe Property Risk Management Florida Georgia North Carolina Texas

Widespread Flooding from Hurricane Helene Spotlights Inland Insurance Gaps

Widespread Flooding from Hurricane Helene Spotlights Inland Insurance Gaps

The devastation from Hurricane Helene reveals a significant inland flood-protection gap, particularly in flood-prone communities without sufficient insurance coverage, where misinformation and funding challenges further slow recovery efforts.
October 28, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management Florida Georgia Kentucky New Jersey New York

Workers’ Comp Ghost Policies Are Increasing Risks for Small Businesses

Workers’ Comp Ghost Policies Are Increasing Risks for Small Businesses

Ghost policies, a type of fraudulent workers' comp coverage, are leaving businesses and employees exposed to high risks, especially in states where such policies remain legal.
October 21, 2024 Fraud Legislation & Regulation Risk Management Workers' Compensation Colorado North Carolina

Natural Catastrophe Losses in 2024 Near Average Amid Escalating Late-Season Storm Risks

Natural Catastrophe Losses in 2024 Near Average Amid Escalating Late-Season Storm Risks

Insured losses from global natural catastrophes exceeded the 10-year average, driven by frequent storms and floods, while total economic losses for 2024 remained slightly below average.
October 17, 2024 Catastrophe Insurance Industry Property Risk Management Florida North Carolina Tennessee Virginia

Hurricane Forecasts Face Backlash as Meteorologists Battle Misinformation and Threats

Hurricane Forecasts Face Backlash as Meteorologists Battle Misinformation and Threats

Despite the increasing accuracy of hurricane forecasts, meteorologists are facing growing threats, conspiracy theories, and public distrust fueled by misinformation on social media.
October 17, 2024 Catastrophe Risk Management Technology Alabama Florida Iowa North Carolina

Louisiana’s Auto Insurance Affordability Challenges Persist in 2022

Louisiana’s Auto Insurance Affordability Challenges Persist in 2022

Despite rising incomes, Louisiana remains the least affordable state for personal auto coverage across the South and U.S., with premiums nearly 40% above the national average.
October 15, 2024 Auto Legislation & Regulation Litigation Risk Management Florida Louisiana Mississippi North Carolina

Climate Change Intensifies Hurricane Helene’s Impact on Coastal and Inland Communities

Climate Change Intensifies Hurricane Helene’s Impact on Coastal and Inland Communities

Hurricane Helene, a Category 4 storm, caused catastrophic flooding and destruction from Florida's coast to the Southern Appalachians. Research shows climate change intensified its rainfall, winds, and flooding risks.
October 11, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina Tennessee

Hurricane Milton Could Deplete U.S. Insurers’ Catastrophe Budgets, Global Reinsurers Likely to Endure

Hurricane Milton Could Deplete U.S. Insurers’ Catastrophe Budgets, Global Reinsurers Likely to Endure

Hurricane Milton, a Category 5 storm expected to strike Florida, threatens to deplete U.S. property/casualty insurers' catastrophe budgets and test global reinsurers' limits, though most are expected to weather the storm without significant capital impacts.
October 10, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia North Carolina South Carolina

Waffle House Index Signals Severe Impact from Hurricane Milton in Florida

Waffle House Index Signals Severe Impact from Hurricane Milton in Florida

The Waffle House Index, a quirky yet reliable gauge of storm severity, shows widespread closures across Florida as Hurricane Milton approaches, warning of significant damage and disruption.
October 9, 2024 Catastrophe Property Risk Management Technology Florida Georgia North Carolina South Carolina

Federal Flood Maps Lag Behind Climate Disasters, Leaving Millions at Risk

Federal Flood Maps Lag Behind Climate Disasters, Leaving Millions at Risk

As climate-intensified storms expose the limitations of FEMA's outdated flood maps, millions of Americans may face flood risks without adequate insurance protection, especially in areas prone to heavy rainfall.
October 9, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina

Hurricane Milton Threatens Central Florida with Potential Direct Hit

Hurricane Milton Threatens Central Florida with Potential Direct Hit

Hurricane Milton, set to make landfall as a Category 3 storm, could bring catastrophic impacts to Florida's Gulf Coast, particularly the Tampa area, just two weeks after Hurricane Helene's devastation.
October 9, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia North Carolina South Carolina

Hurricane Milton Strengthens to Category 4, Poised for Midweek Florida Landfall

Hurricane Milton Strengthens to Category 4, Poised for Midweek Florida Landfall

Hurricane Milton, now a powerful Category 4 storm, is set to make landfall midweek in Florida, bringing life-threatening storm surges, heavy rain, and strong winds.
October 7, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina

Flood Insurance Program Struggles with Rising Repeat Payouts

Flood Insurance Program Struggles with Rising Repeat Payouts

As flood risk intensifies, the National Flood Insurance Program is issuing more repeat payouts, with severe repetitive loss properties surging across the U.S., especially in coastal areas vulnerable to storms.
October 7, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Louisiana New Jersey North Carolina

Hurricane Helene Losses Projected in Billions, But US P&C Insurers Expected to Withstand Impact

Hurricane Helene Losses Projected in Billions, But US P&C Insurers Expected to Withstand Impact

Hurricane Helene's estimated insured losses range between $5 billion and $9 billion, but S&P Global believes the event will affect earnings without jeopardizing the capital of US property and casualty insurers.
October 4, 2024 Catastrophe Insurance Industry Property Risk Management Florida North Carolina South Carolina

FEMA Faces Funding Shortage as Hurricane Helene Devastates the Southeast

FEMA Faces Funding Shortage as Hurricane Helene Devastates the Southeast

FEMA is running low on disaster relief funds as it responds to Hurricane Helene, which caused severe damage across several Southeastern states. Congress may need to pass additional funding to sustain relief efforts.
October 4, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia Louisiana North Carolina South Carolina
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