2024 Shows Economic Resilience Amid Lower Catastrophe Costs, Predicts Gallagher Re
The Gallagher Re report highlights Q1 2024’s below-average economic losses from natural catastrophes, totaling $43B globally, 17% below the previous decade’s Q1 average.
April 19, 2024
Auto
Catastrophe
Property
Technology
Oklahoma
Texas
Kansas City Chiefs Superfan Ordered to Pay $10.8 Million for Bank Robbery Trauma
A judge has mandated that a Chiefs superfan, who committed multiple bank robberies, pay over $10 million for the distress caused during a 2022 robbery.
April 11, 2024
Fraud
Liability
Litigation
Property
Kansas
Oklahoma
Oklahoma Cracks Down on Unauthorized Home Warranty Sales
The Oklahoma Insurance Department has issued a cease-and-desist order to First Premier Home Warranty Corp. for selling unauthorized home warranties in the state.
April 9, 2024
Fraud
Insurance Industry
Legislation & Regulation
Property
Oklahoma
Massive Storm System Unleashes Severe Weather Across the US, Causing Damage and Outages
A significant storm system brings widespread damage, power outages, and severe weather threats to millions across the central and eastern United States.
April 2, 2024
Catastrophe
Property
Illinois
Indiana
Kentucky
Michigan
Missouri
Record-Breaking Hail Events Mark the Start of 2024’s Severe Storm Season
Over 660,000 properties were hit by significant hail during early March, surpassing 2023 records and signaling a potentially challenging year for insurers.
March 20, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Arkansas
Illinois
Kansas
Missouri
Oklahoma
Tiara Wallace Champions Diversity and Innovation in Risk Management
With a rich background in claims and education, Tiara Wallace brings a fresh perspective to risk management, emphasizing diversity and innovation.
February 29, 2024
Education & Training
Insurance Industry
Risk Management
Oklahoma
Texas
Navigating the Complex Terrain of Data Privacy in Auto Insurance Claims and Repairs
With rising concerns over data privacy, the unauthorized use of personal information in auto insurance claims and repairs presents significant risks and implications for millions.
February 22, 2024
Auto
Legislation & Regulation
Technology
California
Colorado
Connecticut
Delaware
Hawaii
Chesapeake Energy and Contractors Faulted in Fatal 2020 Texas Oil Well Fire
A federal safety board investigation finds Chesapeake Energy and its contractors failed to implement crucial well control measures in a 2020 Texas oil well fire that resulted in three fatalities.
December 29, 2023
Catastrophe
Legislation & Regulation
Liability
Risk Management
Oklahoma
Texas
Rising Natural Disasters and Economic Factors Lead to Increasing Homeowners Insurance Costs
Homeowners insurance affordability declines nationwide, influenced by increased natural disasters and economic factors, with significant state-to-state variations in insurance costs.
November 20, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Louisiana
Mississippi
New Hampshire
Oklahoma
Homeowners Insurance Affordability Study Reveals Significant Variations Across States
A recent study by the Insurance Research Council reveals stark differences in homeowners insurance affordability across the United States.
November 14, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Florida
Louisiana
Mississippi
New Hampshire
Minnesota Men Face Federal Charges in Interstate Catalytic Converter Theft Ring
Federal officials have charged four Minnesota men in a multi- million-dollar scheme to transport stolen catalytic converters to buyers in several states.
November 2, 2023
Auto
Fraud
Insurance Industry
Litigation
Colorado
Minnesota
New Jersey
New York
Oklahoma
The Threat of Tornadoes and Severe Weather Rises in the South
Portions of the South are facing the increased threat of severe weather and tornadoes this time of year. We are in the period known as the ‘second tornado season’ for many residents in the south. The American Property Casualty Insurance Association (APCIA) urges residents, particularly across the South and southern Plains to stay vigilant.
October 5, 2023
Catastrophe
Education & Training
Property
Risk Management
Alabama
Arkansas
Florida
Georgia
Kansas
Hail Losses: June Storms Leave Massive Insured Damages
Severe thunderstorm activity from June 11-15 caused $7 billion to $10 billion in insured losses, according to a report Monday from data and analytics company CoreLogic Inc. This loss estimate includes damage to residential, commercial, and industrial property, as well as automobiles, but excludes damage to infrastructure such as roads, utilities and governmental facilities.
June 28, 2023
Auto
Property
Arkansas
Oklahoma
Texas
Denied Insurance Claim Led To Shooting In Oklahoma City
Oklahoma City police released more information on Tuesday about a deadly shooting inside a business on the northwest side of the city. Police confirmed a Midwest City man was enraged over a denied claim and shot a woman inside an insurance agency before Robert Arnest, 65, turned the gun on himself.
December 1, 2022
Auto
Weird
Oklahoma
Devastation After Deadly Tornado Outbreak In Texas, Oklahoma
New videos show scenes of devastation in the aftermath of powerful tornadoes that touched down in Texas, Oklahoma and Arkansas on Friday. At least eight tornadoes were confirmed by survey teams from the National Weather Service, and two of those have been rated an EF-3 with winds near 160 mph.
November 7, 2022
Auto
Property
Arkansas
Oklahoma
Texas
