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Florida Appeals Court Reverses Dismissal of Bad Faith Suit Against First Protective Insurance

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

$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.

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

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

Shifting Priorities for Affluent North Americans Post-Pandemic

Shifting Priorities for Affluent North Americans Post-Pandemic

Affluent Americans and Canadians are increasingly investing in entertainment, travel, and education, facing new risks as their spending habits evolve, reveals Chubb's report.
December 27, 2023 Catastrophe Liability Property Risk Management

Florida’s Home Insurance Market Sees Potential Stability with Increased Focus on Property Hardening

Florida’s Home Insurance Market Sees Potential Stability with Increased Focus on Property Hardening

Exploring the evolving landscape of Florida's home insurance market, highlighting the critical role of property hardening in mitigating hurricane damage.
December 22, 2023 Catastrophe Legislation & Regulation Property Risk Management Florida

Uncovering the True Impact of Insurance Fraud at 2023 CLM Focus Conference

Uncovering the True Impact of Insurance Fraud at 2023 CLM Focus Conference

Understanding the real impact of insurance fraud, as experts reveal its staggering annual cost and debunk the myth of it being a victimless crime.
December 22, 2023 Fraud Litigation Property Workers' Compensation

Dubai Aerospace Enterprise Secures $118 Million Settlement, Continues Litigation Against Insurers

Dubai Aerospace Enterprise Secures $118 Million Settlement, Continues Litigation Against Insurers

Dubai Aerospace Enterprise receives a substantial insurance settlement from Aeroflot's insurer, while continuing its legal battle with other insurers.
December 20, 2023 Insurance Industry Litigation Property Risk Management

El Nino’s Heavy Rains Pose Major Challenges for Septic Tank Owners

El Nino’s Heavy Rains Pose Major Challenges for Septic Tank Owners

Exploring the impact of El Nino's intense rainfall on septic systems and the importance of regular maintenance and insurance understanding.
December 20, 2023 Catastrophe Education & Training Property Risk Management Hawaii Oregon

State Farm Faces Unprecedented Homeowners Loss Ratio Amid Severe Weather Challenges

State Farm Faces Unprecedented Homeowners Loss Ratio Amid Severe Weather Challenges

State Farm's homeowners loss ratio hits a 20-year high, driven by severe weather events, prompting significant rate hikes and premium growth.
December 20, 2023 Catastrophe Property Risk Management Underwriting

Non-Standard Insurance Market Poised for Dynamic Growth by 2030, Prestige Underwriting Reports

Non-Standard Insurance Market Poised for Dynamic Growth by 2030, Prestige Underwriting Reports

Prestige Underwriting's report, in collaboration with Aon's Finaccord, forecasts significant growth in the non-standard insurance market by 2030, driven by unique property types and evolving motor vehicle trends.
December 19, 2023 Auto Insurance Industry Property Risk Management

2023: A Year of Record-Breaking Rapid Hurricane Intensification in Multiple Basins

2023: A Year of Record-Breaking Rapid Hurricane Intensification in Multiple Basins

In 2023, hurricanes Lee, Jova, and Otis set records for rapid intensification, reflecting an active global tropical season with significant impacts on insurance and risk management.
December 19, 2023 Catastrophe Insurance Industry Property Risk Management

Lemonade’s Insurtech Journey: A Critical Analysis of the Sector’s Future

Lemonade’s Insurtech Journey: A Critical Analysis of the Sector’s Future

Exploring Lemonade's insurtech strategies and State Farm's smart home vision to understand future trends in insurance technology and customer experience.
December 19, 2023 Education & Training Insurance Industry Property Technology

Hurricane Idalia Shifts Insurance Dynamics in the Southeast US

Hurricane Idalia Shifts Insurance Dynamics in the Southeast US

Hurricane Idalia's devastation in Florida and beyond underscores the escalating challenges for insurers in a climate-affected world, demanding innovative adaptation.
December 18, 2023 Catastrophe Property Risk Management Technology Florida Georgia North Carolina South Carolina

New Studies Highlight Hurricane Impact on Renters: Rising Rents, Evictions, and Housing Crisis

New Studies Highlight Hurricane Impact on Renters: Rising Rents, Evictions, and Housing Crisis

Recent research reveals the severe consequences of hurricanes on renters along the East and Gulf coasts, including increased rents, eviction risks, and the deepening affordable housing crisis.
December 15, 2023 Catastrophe Legislation & Regulation Property Risk Management
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