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Natural Disasters and Their Ripple Effects on Global Systems: Swiss Re’s Latest Insights

Natural Disasters and Their Ripple Effects on Global Systems: Swiss Re’s Latest Insights

Swiss Re's 2024 SONAR report identifies 16 emerging risks, highlighting the compounding effects of natural disasters on critical infrastructure, supply chains, and healthcare systems, stressing the need for increased resilience and investment.
June 12, 2024 Catastrophe Life & Health Property Risk Management California Texas

Preparing for an Active 2024 Hurricane Season

Preparing for an Active 2024 Hurricane Season

The 2024 Atlantic hurricane season is expected to be highly active, with forecasts predicting an increased number of storms and hurricanes. Businesses and residents in vulnerable areas must prioritize preparedness to mitigate potential impacts.
June 11, 2024 Catastrophe Insurance Industry Property Risk Management California Florida

Strategies for Managing Increasing Terrorism Threats

Strategies for Managing Increasing Terrorism Threats

Understanding the growing threat of terrorism and its impact on businesses is crucial for developing comprehensive strategies to ensure stability, resilience, and security in today's complex global landscape.
June 11, 2024 Insurance Industry Property Risk Management

U.S. Auto Insurance Rebounds in 2024, Homeowners’ Sector Faces Continued Challenges

U.S. Auto Insurance Rebounds in 2024, Homeowners’ Sector Faces Continued Challenges

The U.S. personal insurance sector is set for improved performance in 2024, with the auto segment showing signs of recovery while homeowners' insurance continues to grapple with volatility from natural catastrophes and rising costs.
June 10, 2024 Auto Insurance Industry Property Risk Management

Nuclear Verdicts Surge in Personal Injury and Wrongful Death Cases: A Decade in Review

Nuclear Verdicts Surge in Personal Injury and Wrongful Death Cases: A Decade in Review

A comprehensive study from the U.S. Chamber of Commerce Institute for Legal Reform highlights the rising trend of nuclear verdicts, their causes, and potential solutions over a ten-year period ending in 2022.
June 10, 2024 Legislation & Regulation Litigation Property Risk Management California Florida Georgia Illinois Missouri

Pandemic Migration Patterns Shift as Costs Rise in Relocation States

Pandemic Migration Patterns Shift as Costs Rise in Relocation States

Rising costs in states favored during the pandemic lead to reverse migration, with Northeast states seeing population gains and improved economic performance.
June 10, 2024 Property Risk Management

Reddit Adjusters Discuss Declining Storm Coverage Trends

Reddit Adjusters Discuss Declining Storm Coverage Trends

Insurance professionals on Reddit discuss how carriers are reducing storm damage coverage, impacting policies and the job market for adjusters.
June 7, 2024 Catastrophe Litigation Property Risk Management California Florida

Insights from Allianz Atlantic Hurricane Forecast

Insights from Allianz Atlantic Hurricane Forecast

The 2024 Atlantic hurricane season, starting June 1 and ending November 30, is predicted to be particularly active. Allianz Commercial offers insights into this year's forecast, reviewing notable 2023 storms and providing expert advice on storm preparedness.
June 6, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia North Carolina South Carolina

Tornado Recovery Costs Tallahassee Area Over $50M, Leaders Encourage Hurricane Season Prep

Tornado Recovery Costs Tallahassee Area Over $50M, Leaders Encourage Hurricane Season Prep

Following the devastating tornadoes, Tallahassee leaders stress the importance of hurricane readiness as recovery costs exceed $50 million.
June 5, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Iowa Residents Face Big Bills and Mortgage Risks Due to Reduced Roof Coverage

Iowa Residents Face Big Bills and Mortgage Risks Due to Reduced Roof Coverage

Iowa's major insurance companies have reduced roof coverage, resulting in substantial out-of-pocket costs for homeowners and jeopardizing mortgages. The changes follow increased claims from frequent hail and wind storms.
June 5, 2024 Insurance Industry Legislation & Regulation Property Risk Management Iowa

Can Percentage Deductibles Revive the Property Casualty Market?

Can Percentage Deductibles Revive the Property Casualty Market?

Percentage deductibles might offer a lifeline to the strained property casualty market by sharing more risk with policyholders and potentially revitalizing insurer confidence.
June 4, 2024 Insurance Industry Legislation & Regulation Property Risk Management

Dangers from Space Junk, Megadroughts, Toxins in Bioplastics, Risky Bridges, and Climate Change Impacts on Health

Dangers from Space Junk, Megadroughts, Toxins in Bioplastics, Risky Bridges, and Climate Change Impacts on Health

Carrier Management's June 2024 edition of Risk Alerts brings attention to various emerging hazards, including falling space debris, prolonged megadroughts, toxins in bioplastics, vulnerable bridges, and the health impacts of climate change.
June 4, 2024 Catastrophe Legislation & Regulation Life & Health Property Risk Management

Renewable Energy Sector at a Turning Point, Says Munich Re’s Doug Akerson

Renewable Energy Sector at a Turning Point, Says Munich Re’s Doug Akerson

Doug Akerson of Munich Re discusses the challenges and innovations shaping the renewable energy sector, highlighting severe weather impacts and technological advancements.
June 4, 2024 Legislation & Regulation Property Risk Management Technology California

Property Insurance Strategies for 2024

Property Insurance Strategies for 2024

Facing economic and climatic challenges, commercial property owners can take these steps to mitigate risk and appeal to insurers.
June 3, 2024 Catastrophe Insurance Industry Property Risk Management California

Trio Pleads Guilty to Wire Fraud in Home Improvement Store Scheme

Trio Pleads Guilty to Wire Fraud in Home Improvement Store Scheme

Donovan Young, Aaron Young, and James Hoffman face up to 20 years in federal prison for their involvement in a wire fraud conspiracy defrauding home improvement stores.
May 31, 2024 Fraud Legislation & Regulation Litigation Property South Carolina
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