
Sea Level Rise by 2100 Could Displace Millions and Damage $1 Trillion in Property
A one-meter rise in sea levels by 2100 may expose over 14 million people and $1 trillion worth of property to flooding, erosion, and subsidence along the Southeast Atlantic coast.
November 22, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Virginia

West Coast Faces Extreme Weather: Bomb Cyclone and Atmospheric River Threaten Devastation
A historic bomb cyclone brings hurricane-force winds and mass power outages to the Pacific Northwest, while a converging atmospheric river intensifies the threat with flooding rains.
November 20, 2024
Catastrophe
Property
Risk Management
California
Oregon
Washington

Cargo Thefts Surge During Thanksgiving Holiday, Analysis Reveals
CargoNet reports a surge in cargo thefts during Thanksgiving, with high-risk areas and targeted goods revealing sophisticated criminal networks exploiting supply chain vulnerabilities.
November 20, 2024
Fraud
Property
Risk Management
California
Illinois

Winners of the Global Innovation Awards 2024 Recognized for Industry-Shaping Contributions
The 2024 Global Innovation Awards celebrated the innovative strides of insurers and insurtechs in Property & Casualty, Life | Health | Retirement, and Predict & Prevent categories at the Global Insurance Forum in Miami.
November 20, 2024
Life & Health
Property
Risk Management
Technology

Overcoming Common Challenges in Insurance Claims Processing
Automation can streamline claims management by addressing fragmentation, enhancing security, and meeting rising customer expectations while improving efficiency and satisfaction.
November 20, 2024
Insurance Industry
Property
Risk Management
Technology

P&C Insurance Embraces Advanced Technology to Tackle Weather and Cyber Risks
Property and casualty insurers are adopting AI and aerial imagery to address climate challenges, cybersecurity concerns, and improve underwriting accuracy, according to a Nearmap report.
November 20, 2024
Catastrophe
Property
Risk Management
Technology

Rising Roof Claims Challenge Insurers Amid Severe Weather and Roofing Scams
Severe weather, inflation, and roofing scams are driving a surge in roof-related insurance claims, forcing the industry to adjust coverage and policy conditions to manage risks.
November 18, 2024
Catastrophe
Fraud
Insurance Industry
Property
Texas

Navigating Flood Insurance Challenges After Hurricanes Helene and Milton
Hurricanes Helene and Milton highlight significant issues in the U.S. flood insurance market, showcasing the gaps in coverage, private market growth, and lessons from Florida's response.
November 18, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida

Flood Insurance Gaps Highlighted by Hurricane Helene’s Impact
The devastation caused by Hurricane Helene sheds light on the widespread lack of flood insurance, revealing critical challenges in accessibility, affordability, and risk awareness.
November 18, 2024
Legislation & Regulation
Property
Risk Management
Florida
Louisiana
Texas

New Climate Research Reveals Worsening Global Conditions in 2024
As COP29 unfolds in a year of record-high temperatures, new research reveals accelerating climate effects, from supercharged storms and wildfire deaths to a slowing Atlantic current, raising concerns about a range of tipping points.
November 14, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
North Carolina

Massachusetts Wildfires Spread as Drought and High Winds Intensify Risks
Ongoing drought and high winds have sparked severe brush fires across Massachusetts, with over 1,500 acres already burned this season. Officials urge caution as red flag warnings remain in place.
November 14, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Maine
Massachusetts
New Hampshire

Rising Inland Flood Risk Demands Urgent Attention in U.S.
The Insurance Information Institute's latest report highlights the increasing flood risks faced by inland areas due to shifting weather patterns. Hurricanes, tropical storms, and thunderstorms are pushing the boundaries of flood-prone regions, underscoring the need for better insurance coverage, flood resilience, and mitigation strategies to bridge the protection gap in non-coastal communities.
November 14, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Georgia
Kentucky
New Jersey
New York

New York Court Dismisses Homeowner’s Construction Defect Claim Over Missed Filing Deadline
A New York court dismissed a homeowner's breach of contract claim for delayed filing, ruling that the lawsuit, filed almost seven years after project completion, was beyond the six-year statute of limitations for construction defect claims. Pandemic-related deadline extensions could not save the case.
November 14, 2024
Legislation & Regulation
Litigation
Property
Risk Management
New York

Florida Hurricane Damage Claims Reach $4.775 Billion After Hurricanes Helene and Milton
Insurance claims in Florida from Hurricanes Helene and Milton have reached $4.775 billion, up $169 million from last week's total. The storms have left extensive residential and commercial property damage, according to the Office of Insurance Regulation.
November 12, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
Georgia
North Carolina
South Carolina
Tennessee

Insurers Accelerate AI Adoption, Face Compliance and System Modernization Hurdles
Earnix's 2024 Trends Report reveals insurers are increasingly adopting AI for real-time data analytics while confronting hurdles like legacy system upgrades, regulatory compliance, and operational delays. Insights highlight insurers' progress and gaps as they navigate technology-driven transformation.
November 11, 2024
Insurance Industry
Property
Technology



