The surge in roof damage claims, driven by extreme weather and rising repair costs, is creating significant challenges for insurers, with increased fraud and evolving policy terms adding to the crisis.

Hawkins Inc. of Iowa will pay $51,158 in penalties and provide emergency response equipment after the EPA found violations of hazardous waste management regulations under the Resource Conservation and Recovery Act.

U.S. commercial insurance rates rose by 5.9% in Q2 2024, with notable hikes in excess liability and commercial auto, while workers’ comp, cyber, and D&O liability saw price decreases.

As climate risks rise, insurers are turning to high-precision data tools to analyze flood risks more accurately and profitably write flood coverage in challenging areas.

Tropical Storm Francine is forecast to strengthen into a hurricane before making landfall along the Gulf Coast, bringing dangerous storm surge, heavy rain, and potential flooding to parts of Louisiana and Texas by midweek.

A Nebraska couple faces felony charges for allegedly defrauding Geico out of nearly $80,000 by filing a false insurance claim on a stolen camper that was later found in Oklahoma.

The surge in severe weather events highlights the urgent need for modern insurance strategies, as homeowners face heightened risks and coverage gaps. Tailored disaster insurance solutions can help protect against growing financial vulnerability.

Iowa’s Insurance Division issued cease-and-desist orders against four roofers for acting as unlicensed public adjusters, sparking debate on whether contractors can assist homeowners with their insurance claims. The state’s crackdown highlights growing concerns over fraud and misrepresentation in the wake of frequent windstorms and natural disasters.

General contractors in Florida face growing legal hurdles in apportioning fault to subcontractors due to the nondelegable duty of supervision, with courts increasingly placing full liability on the contractor.

The catastrophe bond market has reached unprecedented levels, recording $12.2 billion in new transactions and pushing total capital to $45.6 billion, driven by growing risk transfer needs.

Skyline Partners’ FatTrack trigger mechanism led to a swift payout under a parametric insurance policy for Jamaican farmers after Hurricane Beryl, highlighting its efficiency in handling weather-based claims.

Verisk’s 2024 Global Modeled Catastrophe Losses Report reveals that urban expansion and inflation have pushed average annual global natural catastrophe losses to $151 billion, highlighting the growing challenges for insurers.

The construction industry faces rising costs, labor shortages, and the adoption of new technologies as it prepares for the future, requiring strategic planning and innovation to navigate these challenges effectively.

With wildfires intensifying due to climate change, tech startups in Silicon Valley are creating innovative solutions, from AI-driven forest management to automated firebreaks, to mitigate future risks.

General aviation insurance claims reveal surprising trends in accident types that drive up costs, including gear-up landings, prop strikes, and loss of control on the ground, all of which contribute to rising insurance rates.