California Wildfire Claims Could Drain $21 Billion Insurance Fund Amid Investigation
As insurance losses from the Eaton Fire mount, California’s wildfire fund faces depletion, with scrutiny intensifying over Southern California Edison’s potential liability.
July 25, 2025
Catastrophe
Litigation
Property
Subrogation
California
How to Identify Hidden Solar Panel Damage
A recent CLM webinar explored how electroluminescence scanning helps insurance professionals detect microcracks in solar panels and determine damage causation.
July 25, 2025
Insurance Industry
Litigation
Property
Technology
Smart Home Tech Shows Strong ROI for Insurers and Homeowners
A new study quantifies the fire risk reduction from Ting, an IoT fire prevention device, showing significant insurance claim savings and added value for both insurers and homeowners.
July 25, 2025
Insurance Industry
Property
Risk Management
Technology
Texas Flash Floods Expose Major Insurance Gaps After $1.1 Billion Disaster
Over 120 lives lost and $1.1 billion in damages from the July 4 flash floods in Central Texas, with low flood insurance uptake leaving most homeowners to face rebuilding costs alone.
July 23, 2025
Catastrophe
Insurance Industry
Property
Risk Management
Texas
Former Kentucky Warehouse Manager Agrees to Pay $16M in Crop Insurance Fraud Case
A former tobacco warehouse manager in Danville, Kentucky, admitted to helping farmers file fake crop insurance claims and now owes at least $16 million in restitution.
July 21, 2025
Fraud
Insurance Industry
Litigation
Property
Kentucky
U.S. Wildfires and Storms Push Global Insured Catastrophe Losses to $100 Billion in First Half of 2025
Aon’s midyear catastrophe recap shows $100 billion in insured losses—second-highest ever—driven by U.S. wildfires, convective storms, and a costly earthquake in Myanmar.
July 17, 2025
Catastrophe
Insurance Industry
Property
Risk Management
California
Missouri
Why the U.S. Faces Soaring Hurricane Losses as Storms Grow Stronger
With climate change intensifying storms, insured hurricane losses in the U.S. could surge 50%—testing the limits of insurers, infrastructure, and public preparedness.
July 17, 2025
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Massachusetts
New York
Texas
Gulf System Could Become Tropical Storm Dexter as Development Chances Rise
A low-pressure system moving from Florida into the Gulf may strengthen into Tropical Storm Dexter later this week, bringing heavy rain and flooding risks across the region.
July 15, 2025
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Mississippi
Texas
How a Warmer Climate Could Drive a 39% Surge in U.S. Hurricane Insurance Losses
A new scenario analysis reveals that insured U.S. hurricane losses could rise by nearly 40 percent under a 2 degrees Celsius warmer climate, with the greatest relative impacts along the East Coast.
July 15, 2025
Catastrophe
Insurance Industry
Property
Risk Management
How Rising Insurance Costs Are Leaving Millions Financially Strapped
Millions of Americans are paying more than ever for health, auto, home, and life insurance—stretching their budgets thin and fueling a growing crisis of insurance poverty.
July 15, 2025
Auto
Insurance Industry
Life & Health
Property
Ohio
Hail Causes Over Half of Solar PV Weather Claims in North America According to AXIS Capital Report
Hail is the leading driver of solar PV natural catastrophe claims in North America, with AXIS Capital urging better forecasting and resilient system design to reduce losses.
July 12, 2025
Catastrophe
Property
Risk Management
Technology
Georgia Countertop Manufacturer Fined for Exposing Workers to Dangerous Silica Dust
OSHA cited Brazilian Stone Design LLC with seven serious violations after determining employees were exposed to unsafe levels of respirable crystalline silica on the job.
July 12, 2025
Legislation & Regulation
Property
Risk Management
Workers' Compensation
Georgia
New Report Ranks Safest and Riskiest U.S. Cities for Drivers in 2025
Allstate’s 2025 America’s Best Drivers Report reveals which U.S. cities saw the greatest improvements and setbacks in collision rates based on auto claims data.
July 10, 2025
Auto
Property
Risk Management
Technology
Reinsurance Market Turns Favorable for Buyers as Capital Surges in Midyear 2025 Renewals
Record reinsurer capital and strong insurer performance are driving lower rates and broader coverage in the 2025 midyear reinsurance renewals, Aon reports.
July 10, 2025
Catastrophe
Litigation
Property
California
Florida
Corporate Sustainability Strategies Gain Traction as Companies Eye Profitable Climate Resilience
Most companies now view sustainability as a value driver, with 88% recognizing profit potential despite high investment costs and climate-related operational challenges.
July 7, 2025
Insurance Industry
Property
Risk Management
Technology
