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Homeowners’ Maintenance Gaps Revealed: Key Safety Tasks Often Overlooked

Homeowners’ Maintenance Gaps Revealed: Key Safety Tasks Often Overlooked

A nationwide survey by The Hanover and The Harris Poll shows many homeowners neglect crucial maintenance tasks, risking costly damages and insurance claims.
July 1, 2024 Education & Training Insurance Industry Property Risk Management

Escalating Home Insurance Costs Linked to Disaster Risk: Insights from Mortgage Escrow Data

Escalating Home Insurance Costs Linked to Disaster Risk: Insights from Mortgage Escrow Data

An analysis of 47 million homeowners' insurance expenditures reveals a sharp increase in premiums from 2020 to 2023, with disaster-prone areas experiencing the most significant hikes due to rising reinsurance costs.
July 1, 2024 Catastrophe Insurance Industry Property Risk Management California Florida Louisiana Texas

Reinsurance Market Sees Improvements at July 2024 Renewal

Reinsurance Market Sees Improvements at July 2024 Renewal

Strong capital positions and record returns create favorable conditions for reinsurance buyers.
July 1, 2024 Insurance Industry Property Risk Management

Former Green Bay Packer Randall Cobb, and Family Survive House Fire in Nashville

Former Green Bay Packer Randall Cobb, and Family Survive House Fire in Nashville

NFL wide receiver Randall Cobb and his family narrowly escaped a fire at their Nashville home, which began in the garage and caused significant damage, but fortunately left everyone unharmed.
June 27, 2024 Catastrophe Insurance Industry Property Risk Management Tennessee Texas

Lightning-Related Insurance Claims Soar in 2023

Lightning-Related Insurance Claims Soar in 2023

The Insurance Information Institute (Triple-I) reported a 30% increase in total claims value from 2022, highlighting the financial impact of severe convective storms.
June 19, 2024 Catastrophe Insurance Industry Property Risk Management Alabama California Florida Georgia Louisiana

Proactive Strategies for Property Loss Control

Proactive Strategies for Property Loss Control

A session at RISKWORLD 2024 highlighted how a proactive, data-driven approach to risk management can create an effective property loss control strategy.
June 19, 2024 Insurance Industry Property Risk Management Technology

Copper Cable Theft Plagues EV Charging Stations

Copper Cable Theft Plagues EV Charging Stations

The rise in cable thefts is occurring amidst significant efforts by major U.S. automakers to promote electric vehicles as a key strategy to combat climate change.
June 19, 2024 Insurance Industry Property Risk Management Technology Arizona California Colorado Illinois Nevada

Digitization Revolutionizes the Insurance Industry

Digitization Revolutionizes the Insurance Industry

The insurance industry is transforming through digitization, enhancing collaboration, efficiency, and transparency among brokers, carriers, and customers.
June 19, 2024 Insurance Industry Property Risk Management Technology

South Florida Flooded by Historic Rainstorm, Struggles to Adapt to Climate Challenges

South Florida Flooded by Historic Rainstorm, Struggles to Adapt to Climate Challenges

A once-in-200-years rainstorm, Invest 90L, flooded South Florida, highlighting the region's struggle to adapt to rising sea levels and extreme weather.
June 18, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Tropical Storm Warning Issued for Southern Texas as First Storm of Hurricane Season Approaches

Tropical Storm Warning Issued for Southern Texas as First Storm of Hurricane Season Approaches

The first tropical storm warning of the season has been issued for southern Texas as a developing storm in the Gulf of Mexico threatens heavy rain, flooding, and strong winds.
June 18, 2024 Catastrophe Legislation & Regulation Property Risk Management Texas

El Paso Woman Files $1 Million Lawsuit Against Mexican Resort Over Husband’s Electrocution

El Paso Woman Files $1 Million Lawsuit Against Mexican Resort Over Husband’s Electrocution

Lizzette Zambrano sues Sonoran Sea Resort for over $1 million after her husband, Jorge Guillen, was electrocuted in a hot tub, leaving her critically injured and claiming his life.
June 17, 2024 Liability Litigation Property Risk Management Arizona Texas

Heavy Rains Aim for Texas and Louisiana as Tropical System Brews in Gulf of Mexico

Heavy Rains Aim for Texas and Louisiana as Tropical System Brews in Gulf of Mexico

AccuWeather hurricane experts are monitoring the southwestern Gulf of Mexico for potential tropical development this week.
June 17, 2024 Catastrophe Property Risk Management Florida Louisiana Texas

Lex Machina Reports Trends in Insurance Litigation for 2024

Lex Machina Reports Trends in Insurance Litigation for 2024

Lex Machina, a LexisNexis company, has released its 2024 Insurance Litigation Report, providing an in-depth analysis of trends in federal district and appellate courts from 2021 to 2023.
June 17, 2024 Insurance Industry Liability Litigation Property Louisiana

Alameda County DA Sues Home Insurance Companies for Underinsuring Homes

Alameda County DA Sues Home Insurance Companies for Underinsuring Homes

The Alameda County District Attorney's Consumer Justice Bureau has filed a lawsuit against several home insurance carriers in California, including Farmers Insurance Exchange.
June 17, 2024 Fraud Legislation & Regulation Litigation Property California

Preparing Insurance Adjusters for the 2024 Atlantic Hurricane Season

Preparing Insurance Adjusters for the 2024 Atlantic Hurricane Season

As the 2024 Atlantic hurricane season approaches, insurance adjusters are intensifying their training and preparations to ensure they can respond efficiently to catastrophic events.
June 12, 2024 Catastrophe Education & Training Property Risk Management
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