
Risk Management Strategies Crucial for PFAS-Related Litigation
With the potential for boundless litigation involving PFAS chemicals, companies must prioritize risk management strategies to identify, assess, and mitigate exposure before costly legal battles arise.
August 15, 2024
Catastrophe
Litigation
Property
Risk Management
New Jersey

Taco Truck Owner Arrested After Staging Robbery and Arson for Insurance Payout
A Visalia taco truck owner has been arrested for staging a robbery and arson in an attempt to defraud insurance companies. Surveillance footage and a linked accomplice led authorities to uncover the plot, resulting in charges of conspiracy, arson, and insurance fraud.
August 14, 2024
Auto
Fraud
Litigation
Property
California

Ernesto Becomes Hurricane After Devastating Caribbean, Power Outages Widespread
Hurricane Ernesto intensifies after battering the northeast Caribbean, leaving Puerto Rico and the U.S. Virgin Islands with widespread power outages, severe flooding, and disrupted services as it heads towards Bermuda.
August 14, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management

Majority of Hurricane Debby Damage Occurred Outside FEMA Flood Zones, Highlights Coverage Gaps
Hurricane Debby caused $12.3 billion in damage, with 78% of affected properties located outside FEMA-designated flood zones. The event underscores the need for updated flood risk assessments and broader insurance coverage.
August 14, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Georgia
Maryland
North Carolina
Pennsylvania

UK Riots Expected to Have Minimal Financial Impact on Insurance Sector
Recent UK riots may test the effectiveness of the UK Riot Compensation Act 2016, but overall losses are expected to remain manageable for British insurers, with claims likely staying below GBP 250 million.
August 14, 2024
Legislation & Regulation
Litigation
Property
Risk Management

Second Highest Number of Billion-Dollar Disasters by July 2024 in U.S. History: NOAA
By the end of July 2024, the United States witnessed 19 weather and climate disasters exceeding $1 billion each, making it the second-highest year-to-date count, with extreme heat, wildfires, and Hurricane Beryl playing significant roles.
August 13, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
Illinois
New Hampshire
North Carolina
West Virginia

Wildfire Risk Intensifies in 2024: Over 2.6 Million Homes at High Risk in the Western U.S.
As of mid-2024, wildfires have ravaged millions of acres in the U.S., with over 2.6 million homes at moderate or greater risk, emphasizing the crucial role of insurance and risk management in protecting communities.
August 13, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Arizona
California
Colorado
Hawaii
Idaho

California Wildfire Survivors Protected from Insurance Cancellations by New Moratorium
A new one-year moratorium issued by California’s Insurance Commissioner prevents insurance cancellations and non-renewals for over 185,000 homeowners impacted by recent wildfires in Northern and Central California, ensuring coverage as they recover.
August 12, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
California

New York Man Sues Museum of Ice Cream Over Broken Ankle from Sprinkle Pool Jump
A New York man has filed a lawsuit against the Museum of Ice Cream, alleging that the museum’s marketing and inadequate warnings led him to break his ankle after jumping into their sprinkle pool during a 2023 visit.
August 12, 2024
Liability
Litigation
Property
Risk Management
New York

Florida Extends Contract Rescission Period for Public Adjusters After Hurricane Debby
Following Hurricane Debby, Florida’s CFO issued an emergency order extending the period for property owners to cancel contracts with public adjusters from 10 to 30 days and implementing new regulations for adjuster conduct.
August 8, 2024
Catastrophe
Fraud
Legislation & Regulation
Property
Florida

Grid Resilience and Innovation Partnerships Program Boosts US Power Infrastructure
The Grid Resilience and Innovation Partnerships (GRIP) Program, part of the Bipartisan Infrastructure Law, aims to enhance the resilience and reliability of the U.S. power grid against extreme weather and climate change.
August 7, 2024
Catastrophe
Legislation & Regulation
Property
Technology

Severe Thunderstorms Drive Global Insured Losses to $60 Billion in H1 2024
Global insured losses from natural catastrophes have surged to $60 billion in the first half of 2024, with severe thunderstorms in the US contributing significantly.
August 7, 2024
Catastrophe
Insurance Industry
Property
Risk Management

People Flock to Texas and Florida Despite Fire and Flood Risks
People are moving to fire- and flood-prone areas in the US, driven by migration to Texas and Florida. These states attract newcomers with low taxes and affordable housing, despite growing climate risks.
August 7, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Texas

Norwegian Salmon Farms Face Record Fish Mortality Rates Amid Harsh Conditions
Norwegian salmon farms are experiencing unprecedented fish mortality rates this year due to an unusually harsh winter and the El Nino climate phenomenon.
August 7, 2024
Catastrophe
Insurance Industry
Property
Risk Management

Hurricane Debby Hits Florida’s Big Bend, Promises Severe Southeast Flooding
Hurricane Debby has made landfall in Florida’s Big Bend with maximum sustained winds of 80 mph, leading to potential historic flooding from northern Florida to the Carolinas, along with gusty winds, storm surge, and tornadoes.
August 5, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Georgia
North Carolina
South Carolina
Virginia



