Jackson, Mississippi Wins $10.3 Million Settlement from Zurich American Insurance
After a lengthy legal battle, the city of Jackson, Mississippi, is set to receive $10.3 million from Zurich American Insurance for damages from a 2013 hailstorm.
January 12, 2024
Catastrophe
Insurance Industry
Litigation
Property
Mississippi
Stray Dogs Cause $350,000 Damage at Houston Car Dealership
Two stray dogs are responsible for extensive damage at G Motors in Houston, tearing bumpers and scratching paint off vehicles.
January 11, 2024
Catastrophe
Liability
Property
Weird
Texas
Blizzard Triggers Power Outages and Closures in Oregon and Washington Ski Areas
Heavy snowfall and high winds cause widespread power outages and force the closure of highways and ski resorts in Oregon and Washington.
January 11, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Oregon
Washington
Florida Lawmakers Grapple with Homeowners Insurance Crisis
As Florida's annual legislative session approaches, lawmakers focus on addressing the state's escalating homeowners insurance crisis with a range of proposed solutions.
January 10, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Florida
Tornadoes and Thunderstorms Cause Fatalities and Damage in Southeast US
A series of deadly tornadoes and severe thunderstorms wreak havoc across the Southeast, leading to four deaths and extensive property damage.
January 10, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Florida
Georgia
Maine
North Carolina
Chubb Report Highlights Climate Change Risks for Wealthy Americans and Canadians
A new report from Chubb reveals that 76% of wealthy North Americans see extreme weather due to climate change as a major threat to their properties.
January 9, 2024
Catastrophe
Education & Training
Insurance Industry
Liability
Property
2024 Atlantic Hurricane Season Predicted to Be Intensely Active
Tropical Storm Risk's early forecast anticipates the 2024 Atlantic hurricane season to be significantly above average in activity.
January 9, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Tornadoes and High Winds Ravage the South, Causing Extensive Damage
A series of tornadoes and high winds struck the South, including Panama City, Florida, leading to significant damage and emergency rescues.
January 9, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
Florida
Customer Sues Dunkin’ Over Injuries from Exploding Toilet Incident
A lawsuit against Dunkin' alleges severe injuries due to an exploding toilet at a Florida location, raising questions about premises safety.
January 9, 2024
Insurance Industry
Liability
Litigation
Property
Florida
Florida Proposes $200 Million Expansion for Home Elevation and Flood Mitigation Program
In response to escalating climate change and storm threats, Florida introduces new bills to expand its mitigation program, offering grants for home elevation and floodproofing.
January 8, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
State Farm Home Insurance Premiums Set to Rise in California Following Regulatory Approval
California State Farm policyholders face a significant premium increase, with high-risk areas expecting even larger hikes, following regulatory approval of a 20% rate adjustment.
January 8, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
California
Florida Appeals Court Reverses Dismissal of Bad Faith Suit Against First Protective Insurance
In a pivotal ruling, a Florida appeals court overturns a dismissal, allowing a bad-faith lawsuit against First Protective Insurance over delayed sinkhole damage payments.
January 5, 2024
Legislation & Regulation
Litigation
Property
Risk Management
Florida
$6.4 Billion Estimated Insured Losses in Japan’s Noto Peninsula Earthquake
The 2024 Noto Peninsula Earthquake in Japan caused significant insured losses, with residential properties, especially older structures, bearing the brunt of the damage.
January 5, 2024
Catastrophe
Marine
Property
Risk Management
December Nor’easter and California Rains Lead to Major Losses in the U.S.
Severe December weather, including a nor'easter and California flooding, potentially costs millions in economic and insured losses.
January 5, 2024
Catastrophe
Property
Risk Management
California
Florida
Maine
New Jersey
North Carolina
January 1 Renewals Mark a Turnaround in Reinsurance Market Stability
The January 1 reinsurance renewal period exhibits stability and predictability, reflecting significant improvements in the property reinsurance sector.
January 3, 2024
Catastrophe
Insurance Industry
Property
Risk Management
