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Adjusters Share Realities of High-Stress Claims Industry on Reddit

Adjusters Share Realities of High-Stress Claims Industry on Reddit

Claims adjusters on Reddit reveal that there are no stress-free positions in the industry, highlighting the pressures and challenges across various types of claims.
May 17, 2024 Auto Liability Property Workers' Compensation

Houston Power Outages Could Last Weeks After Deadly Hurricane-Force Winds

Houston Power Outages Could Last Weeks After Deadly Hurricane-Force Winds

Power outages in Houston could last for weeks following a destructive storm with hurricane-force winds, leaving thousands without electricity amid soaring temperatures.
May 17, 2024 Catastrophe Insurance Industry Property Risk Management Alabama Florida Georgia Louisiana Mississippi

Springdale Business Sued Over Alleged Insurance Fraud Involving Arson

Springdale Business Sued Over Alleged Insurance Fraud Involving Arson

A Springdale company faces a lawsuit for allegedly setting their own building on fire to claim $700,000 in insurance money.
May 14, 2024 Fraud Insurance Industry Litigation Property Arkansas

California Jury Awards $18 Million in Bad Faith Insurance Case

California Jury Awards $18 Million in Bad Faith Insurance Case

A jury in San Bernardino awards substantial damages to two sisters after their insurance company failed to adequately compensate them for flood damage.
May 10, 2024 Catastrophe Insurance Industry Litigation Property California

International Jewelry Thief Nabbed After High-Profile Heists in New York

International Jewelry Thief Nabbed After High-Profile Heists in New York

After a series of audacious jewelry thefts spanning continents, Yaorong Wan’s criminal spree ends with an arrest in New York City.
May 9, 2024 Catastrophe Fraud Litigation Property California New Jersey New York

Progressive Reforms Alleviate Florida’s Property/Casualty Insurance Crisis

Progressive Reforms Alleviate Florida’s Property/Casualty Insurance Crisis

Florida’s property/casualty insurance landscape begins to stabilize following significant legislative reforms and a calm hurricane season, despite ongoing challenges.
May 9, 2024 Catastrophe Insurance Industry Legislation & Regulation Property Florida

NYC Sees Improved Construction Safety but Faces Challenges with Rising Injuries

NYC Sees Improved Construction Safety but Faces Challenges with Rising Injuries

The latest NYC Construction Safety Report reveals a significant reduction in fatalities but an uptick in worker injuries, highlighting both progress and ongoing safety challenges in the construction sector.
May 8, 2024 Insurance Industry Property Workers' Compensation New York

Florida’s Property/Casualty Insurance Market Shows Signs of Recovery Amid Reforms

Florida’s Property/Casualty Insurance Market Shows Signs of Recovery Amid Reforms

Recent legislative reforms and a mild hurricane season have contributed to the recovery of Florida’s property/casualty insurance market, yet challenges remain for premium costs.
May 8, 2024 Catastrophe Fraud Legislation & Regulation Property Florida

Fannie Mae Clarifies Insurance Guidelines, Shifting Away from Actual Cash Value Coverage

Fannie Mae Clarifies Insurance Guidelines, Shifting Away from Actual Cash Value Coverage

Fannie Mae’s updated guidelines enforce replacement cost coverage, challenging the trend towards actual cash value for homeowners and condo insurance.
May 8, 2024 Catastrophe Insurance Industry Legislation & Regulation Property Florida Kentucky

FM Global COO Bret Ahnell Explores Property Insurance Challenges and Opportunities

FM Global COO Bret Ahnell Explores Property Insurance Challenges and Opportunities

FM Global’s COO Bret Ahnell speaks with Risk & Insurance and addresses the prolonged hard market, impacts of climate change, and the shift towards renewable energy in property insurance.
May 8, 2024 Insurance Industry Property Risk Management

Adjusters Discuss Claim Volume and Workload Challenges

Adjusters Discuss Claim Volume and Workload Challenges

Insurance adjusters express concerns over increasing claim volumes and the impact on work-life balance, highlighting industry challenges.
May 7, 2024 Insurance Industry Property Technology Workers' Compensation Texas

Mastering Risk Management for Mega Construction Projects with NFP’s Innovative Strategies

Mastering Risk Management for Mega Construction Projects with NFP’s Innovative Strategies

Adrian Pellen of NFP discusses leveraging technology and data to optimize insurance strategies in the construction sector at the 2024 RISKWORLD conference in San Diego.
May 7, 2024 Insurance Industry Property Technology Arizona California New York

Climate Change Boosts Extreme Weather, Increasing U.S. Flood Risks

Climate Change Boosts Extreme Weather, Increasing U.S. Flood Risks

Climate change intensifies extreme precipitation, escalating flood risks across the U.S. with significant increases in the Northeast and Midwest.
May 6, 2024 Catastrophe Property Risk Management Alabama Alaska Georgia Hawaii Kentucky

Colorado Supreme Court Expands Notice-Prejudice Rule to First-Party Homeowners Insurance

Colorado Supreme Court Expands Notice-Prejudice Rule to First-Party Homeowners Insurance

In a landmark decision, the Colorado Supreme Court ruled that the notice-prejudice rule now applies to first-party homeowners’ insurance, impacting claims and policy conditions.
May 2, 2024 Insurance Industry Legislation & Regulation Litigation Property Colorado

Extensive Tornado Damage Reported in Nebraska, Iowa, and Oklahoma

Extensive Tornado Damage Reported in Nebraska, Iowa, and Oklahoma

Recent tornadoes in Nebraska, Iowa, and Oklahoma have caused significant damage, impacting over 7,000 properties and leading to extensive recovery efforts.
May 1, 2024 Catastrophe Insurance Industry Property Risk Management Iowa Nebraska Oklahoma
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