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Bears Wreak Havoc Inside Connecticut Car

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

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

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

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

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

How Climate Technology is Shaping the Future of Insurance

How Climate Technology is Shaping the Future of Insurance

Climate change poses significant challenges for the insurance industry, but climate technology offers solutions that can help insurers predict, prevent, and mitigate weather-related risks, potentially transforming the sector.
July 25, 2024 Catastrophe Property Risk Management Technology

Gallagher Re’s Mid-Year Natural Catastrophe and Climate Report Highlights 2024’s Severe Convective Storm Impact

Gallagher Re’s Mid-Year Natural Catastrophe and Climate Report Highlights 2024’s Severe Convective Storm Impact

The first half of 2024 saw substantial global insured losses, with US severe convective storms accounting for 61% of the $61 billion total, highlighting the period as the costliest on record.
July 24, 2024 Catastrophe Insurance Industry Property Risk Management Colorado Iowa Oklahoma Texas

Home Insurance Crisis: Rising Costs and Climate Challenges

Home Insurance Crisis: Rising Costs and Climate Challenges

Rising climate-related risks and regulatory challenges are driving up home insurance costs, making homeownership more difficult for many Americans.
July 23, 2024 Insurance Industry Legislation & Regulation Property Risk Management California Connecticut Florida

Maryland Woman Indicted for Felony Insurance Fraud and Theft

Maryland Woman Indicted for Felony Insurance Fraud and Theft

A Maryland woman faces felony insurance fraud and theft charges after allegedly submitting fraudulent claims totaling over $180,000 to USAA.
July 23, 2024 Fraud Insurance Industry Litigation Property Maryland

NCIGF Enhances Support for Insurers

NCIGF Enhances Support for Insurers

The National Conference of Insurance Guaranty Funds (NCIGF) is bolstering its efforts to assist state guarantee funds, focusing on operational support, education, and public policy management.
July 23, 2024 Education & Training Insurance Industry Property Risk Management

Inflation Continues to Lead Insurers’ Concerns

Inflation Continues to Lead Insurers’ Concerns

Despite cooling predictions, inflation remains the primary concern for insurance executives worldwide for the third consecutive year, according to the International Insurance Society's annual survey.
July 23, 2024 Insurance Industry Property Risk Management Technology Florida

Mulch: An Overlooked Fire Hazard in California’s Landscaping

Mulch: An Overlooked Fire Hazard in California’s Landscaping

In wildfire-prone California, mulch can inadvertently create a fire hazard, prompting homeowners to consider safer landscaping alternatives.
July 22, 2024 Catastrophe Insurance Industry Property Risk Management California

Gulf Coast Disasters 2020-2021: Impacts and Lessons

Gulf Coast Disasters 2020-2021: Impacts and Lessons

Exploring the compounded impacts of multiple disasters on Gulf Coast communities from 2020 to 2021 and the lessons learned to enhance future resilience.
July 22, 2024 Catastrophe Life & Health Property Risk Management Alabama Florida Louisiana Mississippi Texas

Adjusters Reveal Their Wildest Claims: From Zoo Giraffes to Ancient Burial Grounds

Adjusters Reveal Their Wildest Claims: From Zoo Giraffes to Ancient Burial Grounds

From a dead giraffe in a zoo to discovering an ancient burial ground, insurance adjusters share their most bizarre and unexpected claims in a fascinating Reddit thread. These stories range from the humorous to the eerie, offering a unique glimpse into the unpredictable world of insurance.
July 16, 2024 Fraud Litigation Property Weird Florida Missouri Oklahoma

Rising Replacement Costs Demand Strategic Adjustments from Insurers

Rising Replacement Costs Demand Strategic Adjustments from Insurers

As inflation and global conflicts escalate replacement costs, brokers and underwriters must effectively communicate economic trends and risk factors to clients to ensure adequate coverage and transparent pricing.
July 16, 2024 Insurance Industry Property Risk Management Maryland
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