
Cyberattack on American Water Highlights Urgency of Infrastructure Security
A cyberattack on American Water, the largest U.S. regulated water utility, has paused billing services and renewed concerns over the security of critical infrastructure.
October 11, 2024
Legislation & Regulation
Property
Risk Management
Technology
New Jersey

Louisiana Homeowners Targeted by Roofing Contractor in Alleged Insurance Fraud Scheme
A Louisiana couple was allegedly targeted by a fraudulent contractor who caused intentional roof damage, misrepresenting it as storm-related in an attempt to file an inflated insurance claim.
October 11, 2024
Fraud
Insurance Industry
Litigation
Property
Louisiana

Outdoor Work Faces New Dangers from Rising Heat and Air Pollution
As heatwaves and air pollution intensify, employers must adopt protective measures to ensure the health and safety of outdoor workers, reducing accidents and costly business interruptions.
October 11, 2024
Property
Risk Management
Technology
Workers' Compensation

Personal Lines Underwriting Sees Gains, Narrowing the Gap with Commercial Lines
Improved underwriting results for personal lines in the first half of 2024 have reduced the performance gap with commercial lines, driven by premium growth in personal auto and homeowners insurance.
October 11, 2024
Auto
Property
Risk Management
Underwriting

Rethinking Hurricane Risk: Why a Wind-Focused Approach Misses the Real Threat
As climate change fuels stronger storms, the Saffir-Simpson scale’s wind-only focus is outdated. A refined system accounting for flooding, storm surge, and storm duration could improve safety and insurance coverage.
October 10, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida

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
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

Florida Urges EV Owners to Prepare for Fire Hazards as Hurricane Milton Approaches
Florida officials are cautioning residents about the potential fire hazards posed by lithium-ion batteries in EVs and other devices, urging proactive steps to prevent accidents as Hurricane Milton approaches.
October 9, 2024
Auto
Catastrophe
Property
Risk Management
Technology
Florida

Florida Court Rules Unlicensed Contractors Can Still Enforce Condo Contracts
A Florida appeals court decision could reshape insurance defense strategies, ruling that being unlicensed doesn’t automatically void a storm-remediation contract, depending on the work’s scope.
October 9, 2024
Catastrophe
Legislation & Regulation
Litigation
Property
Florida

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 Insurance Loss Projections Range from $15B to $150B, Says Icosa Investments
Icosa Investments forecasts insurance losses from Hurricane Milton could span from $15 billion to over $150 billion, depending on the storm’s intensity and landfall, with significant implications for the cat bond market.
October 9, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida

Hurricane Helene Losses Climb to $17.5 Billion in CoreLogic’s Final Estimate
CoreLogic’s latest estimate puts insured losses from Hurricane Helene between $10.5 billion and $17.5 billion, with total economic losses reaching up to $47.5 billion due to widespread wind and flood damage.
October 9, 2024
Catastrophe
Insurance Industry
Property
Risk Management

Insurance Premium Increases Threaten Affordable Housing Stability
Rising insurance premiums are creating challenges for affordable housing providers, pushing some renters to the brink. As coverage options decrease, higher costs are being passed on to financially vulnerable renters and property owners.
October 9, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management

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 Reaches Category 5 as Florida Orders Evacuations
Hurricane Milton intensifies to Category 5 as it heads toward Florida’s west coast, prompting evacuations while the state rushes to clear debris left by Hurricane Helene just two weeks ago.
October 7, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida



