A Florida neighborhood is experiencing severe flooding after a resident poured concrete into a crucial drainpipe on her property, prompting county intervention and ongoing disputes with the HOA.
The wildfires and flooding in Nova Scotia last year resulted in $490 million in insured losses, according to a recent report by the Insurance Bureau of Canada.
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.
The Oscar Mayer Wienermobile was involved in a rollover crash on the Tri-State Tollway near Oak Brook, Illinois, resulting in no injuries. The accident caused a lane closure but all involved are safe.
Climate change poses significant challenges for the insurance industry, but climate technology offers solutions that can help insurers predict, prevent, and mitigate weather-related risks, potentially transforming the sector.
The first half of 2024 saw substantial global insured losses, with US severe convective storms accounting for 61% of the $61 billion total, highlighting the period as the costliest on record.
The National Conference of Insurance Guaranty Funds (NCIGF) is bolstering its efforts to assist state guarantee funds, focusing on operational support, education, and public policy management.
Despite cooling predictions, inflation remains the primary concern for insurance executives worldwide for the third consecutive year, according to the International Insurance Society’s annual survey.
Exploring the compounded impacts of multiple disasters on Gulf Coast communities from 2020 to 2021 and the lessons learned to enhance future resilience.
From a dead giraffe in a zoo to discovering an ancient burial ground, insurance adjusters share their most bizarre and unexpected claims in a fascinating Reddit thread. These stories range from the humorous to the eerie, offering a unique glimpse into the unpredictable world of insurance.
As inflation and global conflicts escalate replacement costs, brokers and underwriters must effectively communicate economic trends and risk factors to clients to ensure adequate coverage and transparent pricing.
Moody’s RMS estimates U.S. insured losses from Hurricane Beryl between $2.5 and $4.5 billion, with NFIP losses under $300 million and non-U.S. losses not exceeding $1.5 billion.