
Unlicensed Company Pays $350K Fine After Adjusting Thousands Of Claims In Texas
A California company has entered into a consent order with the Texas Department of Insurance (TDI) after adjusting thousands of property and casualty insurance claims on Texas risks without a required state license.
June 8, 2022
Auto
Liability
Property
Texas

Storm Floods South Florida, Many Vehicles Submerged
The first tropical threat of the hurricane season in Florida drenched the southern part of the state, leaving behind flooded streets, motorists calling for help from stranded cars and even a sewage overflow.
June 6, 2022
Auto
Property
Florida

Nearly Three Out Of Four Homeowners Don’t Know Their Policy Coverage
While most homeowners understand that home insurance is critical, but according to the results of a new Forbes Advisor survey of 2,000 policyholders, the vast majority don't know what their coverage provides.
June 3, 2022
Property

Back In Class: CLM’s Claims College Is Right Around The Corner
School may be out for summer, but CLM's Claims College is right around the corner. Taking place Sept. 7-10, 2022 in Baltimore, Claims College can help you meet your professional goals while helping you establish great connections and relationships within your cohort.
June 2, 2022
Education & Training
Excess & Surplus Lines
Liability
Litigation
Property

Third Supreme Court Rejects Insurance Coverage For COVID Losses
Wisconsin's highest court on Wednesday became the third state top court in a row to rule that businesses are not entitled to insurance coverage for losses resulting from the COVID-19 pandemic and government-imposed restrictions on gatherings.
June 2, 2022
Litigation
Property
Iowa
Massachusetts
Wisconsin

Restoration Association Of Florida Sues To Block Law Targeting Contractors
The Restoration Association of Florida (RAF) on Tuesday filed a lawsuit in a Leon County Circuit Court claiming that a new law approved by the Florida Legislature last week unconstitutionally singles out home repair contractors rather than targeting the rudimentary catalysts causing Florida's homeowner's insurance crisis.
June 1, 2022
Litigation
Property
Florida

Tornado Shreds At Least 75 Homes In Small Minnesota Town
A tornado tore through the small west-central Minnesota town of Forada on Monday, leaving a trail of damaged homes and downed trees.
May 31, 2022
Auto
Property
Minnesota

The Way To Address Climate Change
With the spring season known to bring the most dangerous storms and damaging tornados, the next few months are likely to see continual and damaging weather events across the U.S.
Earthquakes, storms, floods and droughts -- the number of recorded loss events resulting from natural disasters has been increasing for some years now. However, some insurers that are using more traditional risk assessment methods are finding the emerging risk landscape too unpredictable.
Climate change is one of the most pressing issues in the insurance industry today, but forward-thinking insurers have found the way to combat it: AI.
May 31, 2022
Property
Risk Management
Technology
Earthquakes, storms, floods and droughts -- the number of recorded loss events resulting from natural disasters has been increasing for some years now. However, some insurers that are using more traditional risk assessment methods are finding the emerging risk landscape too unpredictable.
Climate change is one of the most pressing issues in the insurance industry today, but forward-thinking insurers have found the way to combat it: AI.

Severe Convective Storms: Loss Trend Comparable To That Of Hurricanes
Severe convective storms are among the most common, most damaging natural catastrophes in the United States. In 2021, they resulted in the third-costliest year on record for the U.S. insurance industry, according to Aon, and catastrophe modeling firm RMS says the average annual insured loss from such storms nearly equals that from hurricanes, at around $17 billion.
May 27, 2022
Catastrophe
Property
Underwriting

Millions In Damages From Gaylord Tornado, And Insurers Expect Repair Delays
The tornado that ripped through Gaylord last week is expected to cost millions to repair -- and, insurance companies warn, some survivors will be lucky to be able to make them in the next few months.
May 26, 2022
Auto
Property
Michigan

First Cat Of The Year Predicted After Powerful Derecho
A series of powerful thunderstorms that affected Ontario and parts of Quebec this weekend is already being billed by the industry as the first major Cat of 2022. And while industry experts anticipate a large number of insured damages, one predicts the storm may result in a lot of 'hidden damage.'
May 25, 2022
Auto
Catastrophe
Property

Florida Senate Passes Property Insurance Package
The Florida Senate on Tuesday approved a sweeping legislative package meant to combat rising property insurance rates and other problems in the state's turbulent insurance market, creating a $2 billion reinsurance fund and writing new rules around coverage denials and attorney fees.
May 25, 2022
Legislation & Regulation
Property
Florida

Uprooted Trees, Crushed Buildings After Severe Storms Across The Carolinas And Texas
Severe storms from Texas to the Carolinas damaged homes and left thousands without power throughout the afternoon and evening hours on Monday.
May 24, 2022
Property
North Carolina
South Carolina
Texas

NOAA: 65% Chance 2022 Hurricane Season Activity Above-Normal
The US weather service NOAA has just announced its forecast for the 2022 Atlantic hurricane season, and they are another organisation saying it is likely to see above-normal levels of tropical storm activity, with a 65% chance of an above-normal season in 2022.
May 24, 2022
Catastrophe
Insurance Industry
Property

At Least 40 Homes Flooded After Water Main Break
It was a wet weekend for many people living in St. Louis Park. A water main break flooded dozens of homes on and around Minnetonka Boulevard. A bad way to wake up.
May 24, 2022
Liability
Property
Subrogation
Minnesota



