A Virginia insurance agent admitted diverting client premiums for personal use, causing policies to lapse or never take effect and leaving customers with coverage they believed was active.
A $200,000 parametric payment will fund rapid coral reef assessment and repairs in Hawaii, showing how catastrophe insurance can respond without the traditional claims adjustment process.
Catastrophe models can map where damage occurred, but often lack detailed data showing when and how an event developed. Continuous satellite observations could improve wildfire modeling, claims aggregation, hours clauses, parametric triggers, and mitigation credits.
Data center construction, tariffs and equipment shortages are pushing insured values higher and complicating replacement-cost and loss-of-use calculations after inland marine losses.
A Washington appeals court ruled that disputed questions involving contractor performance, workmanship, and payment generally cannot be resolved through the state’s expedited construction lien procedure.
AIG CEO Eric Andersen says the AI data center buildout is driving demand across construction, property, cyber and liability insurance, while pushing required P&C limits to unusually high levels.
Tornado and severe thunderstorm activity is shifting toward more populated areas in the eastern U.S., where higher property exposure and reconstruction costs are increasing insurance claim severity even as national tornado volume declines.
A new Florida company is offering annual memberships that guarantee seats on chartered evacuation flights during hurricanes. The service raises questions about disaster preparedness, evacuation access, and how private solutions may reshape catastrophe response.
A Florida insurer alleges a defective LG washing machine caused extensive water damage and is seeking reimbursement through a product liability subrogation lawsuit. The case underscores the importance of origin and cause investigations and evidence preservation in property claims.
August brings warmer ocean waters, lower wind shear, and more tropical waves, creating conditions that favor hurricane development. Early August activity can also offer clues about how active the rest of the Atlantic season may become.
Multiple fast-moving wildfires remain 0% contained as evacuations continue across the Spokane region. Claims adjusters should prepare for significant residential, commercial, and infrastructure losses as damage assessments begin.
A South Florida fraud scheme manipulated lender-placed homeowners insurance policies, resulting in $6.6 million in illicit gains. The final defendant received nearly four years in prison, closing a case that highlights vulnerabilities in insurance placement and premium disbursement.
Allstate says burglary claims reach their highest point in August as many travelers share their trips on social media. The trend highlights theft prevention, homeowners coverage limits, and documentation steps that can affect insurance claims.
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.
