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Rising Hurricane Risks Predicted for Florida This Year

Rising Hurricane Risks Predicted for Florida This Year

With the Atlantic hurricane season approaching, experts predict a 75% chance of a major hurricane hitting Florida, potentially leading to $200 billion in insured losses, the highest risk since 1992.
May 21, 2024 Catastrophe Insurance Industry Property Risk Management Florida North Carolina Texas

Florida’s $3 Billion Insurance Bailout Largely Untouched, Industry Shows Signs of Recovery

Florida’s $3 Billion Insurance Bailout Largely Untouched, Industry Shows Signs of Recovery

Despite a $3 billion fund set aside to stabilize Florida's property insurance market, most of the money remains unused, though there are modest signs of market improvement amid ongoing high costs and insurer challenges.
May 20, 2024 Catastrophe Insurance Industry Legislation & Regulation Property Florida

How Climate Change Will Transform Healthcare Delivery and Payer Strategies

How Climate Change Will Transform Healthcare Delivery and Payer Strategies

Climate change is set to significantly affect healthcare delivery, increasing utilization and costs while disrupting supply chains. Payers must develop comprehensive strategies to address these challenges and ensure sustainable operations.
May 20, 2024 Life & Health Property Risk Management Technology California North Carolina

New Collaboration to Address Supply Chain Risks in Re/Insurance Industry

New Collaboration to Address Supply Chain Risks in Re/Insurance Industry

Gallagher Re and Oxford University partner to analyze supply chain chokepoints impacting the re/insurance sector.
May 20, 2024 Marine Property Risk Management Technology

Safeguard Against Contractor Fraud During Disaster Recovery

Safeguard Against Contractor Fraud During Disaster Recovery

During Contractor Fraud Awareness Week, the Insurance Information Institute and National Insurance Crime Bureau emphasize how homeowners can protect themselves from fraudulent contractors following disasters.
May 20, 2024 Catastrophe Fraud Property Risk Management

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
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