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Sierra Nevada Braces for Historic Snowfall and High Winds This Weekend

Sierra Nevada Braces for Historic Snowfall and High Winds This Weekend

A massive storm is set to deliver 6-10 feet of snow across the Sierra Nevada, challenging records and potentially isolating communities with blizzard conditions.
March 1, 2024 Catastrophe Property Risk Management California Oregon

Insurance Coverage Threatened by Rising Claims Costs and Legal System Abuse

Insurance Coverage Threatened by Rising Claims Costs and Legal System Abuse

Recent trends in claims litigation and social inflation are increasing insurance premiums, particularly in states like Florida and Louisiana, as legal system abuse continues to challenge the industry.
February 28, 2024 Legislation & Regulation Litigation Property Risk Management Florida Louisiana

Atlantic Hurricane Season Predicted to be Exceptionally Severe Amid Homeowners Insurance Market Challenges

Atlantic Hurricane Season Predicted to be Exceptionally Severe Amid Homeowners Insurance Market Challenges

With homeowners insurance rates adjusting, the Atlantic faces a potentially severe hurricane season due to alarming El Niño and La Niña patterns.
February 27, 2024 Catastrophe Insurance Industry Property Risk Management

Berkshire Hathaway’s Insurance Sector Shines Amidst Overall Performance Caution

Berkshire Hathaway’s Insurance Sector Shines Amidst Overall Performance Caution

Warren Buffett’s latest annual report for Berkshire Hathaway may have tempered expectations for the conglomerate’s future "eye-popping performance," but the insurance sector, led by GEICO’s remarkable turnaround, provided a glimmer of profitability and growth amidst the caution.
February 26, 2024 Insurance Industry Property Risk Management Technology

Record Climate Disasters Highlight Need for Predict & Prevent Strategy in Insurance

Record Climate Disasters Highlight Need for Predict & Prevent Strategy in Insurance

The record-breaking climate and weather disasters of 2023 underscore the urgent need for the insurance industry to adopt a Predict & Prevent approach to mitigate financial impacts and protect policyholders.
February 26, 2024 Catastrophe Property Risk Management Technology California Florida

Celebrating the 2024 Power Brokers: A Deep Dive into the Prestigious Insurance Award

Celebrating the 2024 Power Brokers: A Deep Dive into the Prestigious Insurance Award

In its 18th year, the Power Broker contest highlights the industry’s top talent, showcasing winners selected for their innovative risk solutions and service.
February 26, 2024 Insurance Industry Property Risk Management Workers' Compensation

Climate and Weather Challenges Escalate Risks and Costs for Organizations in 2023

Climate and Weather Challenges Escalate Risks and Costs for Organizations in 2023

2023 sets a record as the warmest year since 1850, with weather-related disasters costing the US $150 billion annually.
February 22, 2024 Catastrophe Property Risk Management California Hawaii Louisiana Washington

Jury Finds Drug Use Not Direct Cause of Spinal Injury, Insurer Must Pay $1 Million

Jury Finds Drug Use Not Direct Cause of Spinal Injury, Insurer Must Pay $1 Million

In a landmark case, a jury ruled that LSD use was not the direct cause of a catastrophic spinal injury, requiring an insurer to cover the $1 million claim.
February 21, 2024 Catastrophe Litigation Property North Carolina Texas

North Carolina’s Insurance Commissioner Challenges Proposed Rate Hikes Amid Rising Inflation

North Carolina’s Insurance Commissioner Challenges Proposed Rate Hikes Amid Rising Inflation

In response to proposed insurance rate hikes, North Carolina Insurance Commissioner Mike Causey calls for fairness and scrutiny, emphasizing the impact of inflation on homeowners.
February 19, 2024 Catastrophe Legislation & Regulation Property North Carolina

Major Medicaid Fraud Case Ends with $6.4 Million Seizure in New Jersey

Major Medicaid Fraud Case Ends with $6.4 Million Seizure in New Jersey

New Jersey’s aggressive stance against Medicaid fraud results in a $6.4 million seizure, marking a significant victory for the state’s healthcare system integrity.
February 14, 2024 Fraud Legislation & Regulation Property New Jersey

P&C Industry Faces Mixed Financial Outlook in 2023: A Deep Dive into Commercial and Personal Lines Performance

P&C Industry Faces Mixed Financial Outlook in 2023: A Deep Dive into Commercial and Personal Lines Performance

Forecast shows commercial lines outperforming personal lines in 2023, amid challenges like inflation and legal system abuse.
February 14, 2024 Property Workers' Compensation

Few States Actively Combating Increased Hurricane Risk Despite Rising Frequency

Few States Actively Combating Increased Hurricane Risk Despite Rising Frequency

With hurricanes becoming three times more frequent over the past century, only a handful of U.S. states are stepping up with effective risk reduction strategies.
February 12, 2024 Catastrophe Marine Property Risk Management Louisiana New York

Nebraska Man Charged with Stealing Over $800,000 in Insurance Fraud Scheme

Nebraska Man Charged with Stealing Over $800,000 in Insurance Fraud Scheme

A Lincoln, Nebraska man is accused of defrauding his employer, American Heritage Life Insurance Company, out of nearly $850,000 through false claims.
February 9, 2024 Fraud Insurance Industry Litigation Property Nebraska

San Diego County on Alert for Flood Insurance Scams Amid Cleanup Efforts

San Diego County on Alert for Flood Insurance Scams Amid Cleanup Efforts

California’s Insurance Commissioner alerts San Diego residents to be vigilant of fraudsters following devastating floods, emphasizing the importance of cautious engagement with public adjusters and contractors.
February 7, 2024 Catastrophe Fraud Property California

California Court Rules Against Customer for Libelous Online Posts About Contractor

California Court Rules Against Customer for Libelous Online Posts About Contractor

In a notable decision, a California court ruled that online disparagements made by a customer against her contractor were libelous, setting a precedent for business protection against false online accusations.
February 7, 2024 Legislation & Regulation Litigation Property Technology California
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