2025 Catastrophe Losses Hit $127B Insured as Wildfire and Storm Claims Surge
Aon report highlights how wildfire and severe convective storm losses are reshaping insured catastrophe trends despite lower overall disaster activity.
April 1
Catastrophe
Insurance Industry
Property
Risk Management
Technology
AI Insurance Fraud Surges as Adjusters Face Rising Digital Manipulation Risks
New Verisk data shows widespread use of AI editing tools, growing fraud risks, and ongoing challenges for adjusters detecting manipulated claim evidence.
April 1
Fraud
Insurance Industry
Risk Management
Technology
Arctic Sea Ice Hits Record Winter Low as Global Heat Shatters March Records
Record March heat across the U.S., Mexico, Africa, Europe, Asia and Australia adds to warnings about climate-driven risk. For insurers and adjusters, the trend points to growing catastrophe exposure and harder-to-predict loss patterns.
April 1
Catastrophe
Insurance Industry
Property
Risk Management
Manual Claims Processing Costs Insurers Millions Annually, Automation Cuts Costs Fast
Legacy workflows and document-heavy processes are driving up claim costs and cycle times, while targeted automation offers measurable savings within months.
April 1
Insurance Industry
Property
Risk Management
Technology
Cyber Claims Surge in Severity as AI and Litigation Accelerate Losses
New data shows rising breach costs, faster lawsuits, and AI-powered attacks reshaping cyber claims handling and severity.
March 30
Fraud
Litigation
Risk Management
Technology
Crypto Insurance Gaps Leave Theft Victims Without Coverage
Crypto platforms market account protection, but exclusions and strict requirements often leave theft victims without reimbursement.
March 30
Fraud
Insurance Industry
Litigation
Risk Management
Technology
AccuWeather 2026 Hurricane Forecast Warns of 3 to 5 Direct U.S. Impacts
AccuWeather expects a near- to below-average Atlantic season, but warns of 3 to 5 direct U.S. impacts, rapid intensification, and high exposure along the Gulf Coast and Carolinas.
March 25
Catastrophe
Insurance Industry
Property
Risk Management
Claims Audit Programs Fail Without Systems That Preserve Expertise
Most audit programs rely on people instead of systems, leading to lost knowledge, inconsistent results, and missed opportunities to reduce claims leakage.
March 23
Education & Training
Insurance Industry
Risk Management
Technology
Hawaii Flooding Triggers Evacuations as Storm Damage Tops $1 Billion
Back-to-back storms have caused major flooding across Hawaii, forced thousands to evacuate, and damaged homes, roads, hospitals, schools, and other infrastructure.
March 23
Auto
Catastrophe
Property
Risk Management
Hawaii
Stryker Cyberattack Tests War Exclusion Clauses in Cyber Insurance Policies
A destructive Iran-linked cyberattack with no ransom demand is forcing insurers to confront attribution issues, policy wording gaps, and rising exposure to state-backed cyber incidents.
March 23
Insurance Industry
Litigation
Risk Management
Technology
AI Compliance Risk in Insurance: Why Explainability Is Now a Regulatory Requirement
State regulators are accelerating enforcement on AI use in insurance, exposing carriers to fines and legal risk when decision models lack transparency.
March 23
Insurance Industry
Legislation & Regulation
Risk Management
Technology
California
Colorado
Florida
Georgia
Illinois
Telematics Data and Distracted Driving Trends Drive Auto Insurance Losses
Claims data shows a growing gap between driver awareness and behavior, while telematics and vehicle technology reshape liability, repair costs, and prevention strategies.
March 23
Auto
Risk Management
Technology
Underwriting
ManyPets Deploys AI for End-to-End Claims Automation in Pet Insurance
Digital pet insurer routes all claims through AI while expanding pre-claims tools to guide care and control costs.
March 23
Insurance Industry
Risk Management
Technology
Underwriting
Chubb Details $20 Billion US-Backed Maritime War Risk Insurance Program
Chubb says it will control underwriting, pricing, policy issuance, and claims in a $20 billion maritime war risk facility backed by the US International Development Finance Corporation. Vessel eligibility set by the US government will determine which ships and cargo can access coverage for Strait of Hormuz transits.
March 23
Insurance Industry
Liability
Marine
Property
Risk Management
Insurance Industry Eyes Prediction Markets for Catastrophe Risk and Faster Payouts
New parametric-style contracts promise instant payouts and real-time risk pricing, but questions remain about regulation, reliability, and claims implications.
March 23
Catastrophe
Insurance Industry
Property
Risk Management
Technology
California
Florida
South Carolina
Texas
