
Florida Cat Fund May See Increased Bond Issuance Amid Active 2024 Hurricane Season
Florida’s 2024 hurricane season, expected to be highly active, may lead to additional bond issuance for the Florida Hurricane Catastrophe Fund (FHCF) while Citizens Property Insurance Corporation is less likely to require new debt.
August 1, 2024
Catastrophe
Insurance Industry
Litigation
Property
Florida

NOAA Proposes $575 Million for Coastal Climate Resilience
NOAA recommends $575 million in funding for 19 projects to enhance coastal climate resilience under the Investing in America agenda.
July 31, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alaska
California
Delaware
Hawaii
Louisiana

Gulf Coast Residents Urged to Monitor Developing Tropical Wave
Meteorologists caution Gulf Coast residents about a potential tropical cyclone forming in the Atlantic as the 2024 hurricane season intensifies.
July 30, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida

Man Faces Charges in Houston Roofing Fraud Case
A Galveston County, Texas man is charged with felony criminal mischief for allegedly damaging a roof to file a fraudulent storm damage insurance claim, authorities report.
July 30, 2024
Fraud
Insurance Industry
Litigation
Property
Texas

California’s Park Fire Among Largest in State History, Consuming Nearly Half the Size of Rhode Island
The Park Fire in Northern California has grown to over 383,000 acres, making it the fifth-largest wildfire in state history, affecting four counties and threatening thousands of structures.
July 30, 2024
Catastrophe
Insurance Industry
Litigation
Property
California

Climate Crisis: Extreme Weather Becomes the Norm in Europe, 2023
In 2023, Europe faced unprecedented extreme weather events, including heatwaves, droughts, storms, and floods, highlighting the urgent need for insurers to adapt and develop robust climate risk management strategies.
July 30, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management

Adjuster Cautionary Tale: Courtroom Embarrassment Over Chat Message
A recent post on Reddit’s adjusters subreddit shared a cautionary tale about the risks of casual, off-the-cuff remarks in professional communications. In this instance, a fire claim involving a homeowner’s pet parrot escalated to the courtroom, where an unfortunate message by an adjuster was read aloud, much to his embarrassment.
July 29, 2024
Litigation
Property
Risk Management
Technology

Maryland Woman Faces Charges for Alleged $180K Insurance Fraud
A Maryland woman is accused of filing fraudulent insurance claims worth over $180,000, using false damage photos and documents in her submissions to USAA.
July 29, 2024
Fraud
Insurance Industry
Litigation
Property
Maryland

Homeowners Face 21% Insurance Premium Increase, Climate Change Cited as Major Factor
Homeowners insurance premiums surged by 21% from May 2022 to May 2023, largely due to severe weather events driven by climate change, leaving many homeowners with limited options.
July 29, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
California
Colorado
Florida
Idaho
Louisiana

Berkshire Hathaway Insurer and Cannabis Company Clash Over $1.3 Million Claim
National Fire and Marine Insurance Co. denies coverage for Theraplant’s $1.3 million business income loss claim, citing policy exclusions and differing interpretations of coverage terms.
July 29, 2024
Insurance Industry
Litigation
Property
Risk Management
Connecticut

Bears Wreak Havoc Inside Connecticut Car
Two bears trapped inside a car in Winsted, Connecticut caused significant damage before being safely released, highlighting the growing black bear population in the state.
July 29, 2024
Catastrophe
Property
Risk Management
Weird
Connecticut

Florida Woman’s Concrete Blockade Floods Entire Neighborhood, Ignites Fierce Community Backlash
A Florida neighborhood is experiencing severe flooding after a resident poured concrete into a crucial drainpipe on her property, prompting county intervention and ongoing disputes with the HOA.
July 26, 2024
Legislation & Regulation
Litigation
Property
Risk Management
Florida

Severe Weather Events in Nova Scotia Lead to $490 Million in Insured Losses
The wildfires and flooding in Nova Scotia last year resulted in $490 million in insured losses, according to a recent report by the Insurance Bureau of Canada.
July 25, 2024
Catastrophe
Insurance Industry
Property
Risk Management

Premium Renewal Rates Increase Across Major Commercial Lines Except Workers’ Compensation
The Q2 2024 Ivans Index reveals an overall increase in premium renewal rates for major commercial insurance lines, with Workers’ Compensation as the exception, showing a year-over-year decrease.
July 25, 2024
Auto
Insurance Industry
Property
Workers' Compensation
Mississippi
Nebraska
New York
Texas
Wisconsin

Wienermobile Rolls Over on Tri-State Tollway, No Injuries Reported
The Oscar Mayer Wienermobile was involved in a rollover crash on the Tri-State Tollway near Oak Brook, Illinois, resulting in no injuries. The accident caused a lane closure but all involved are safe.
July 25, 2024
Auto
Insurance Industry
Property
Risk Management
Weird
Illinois



