Updated Hurricane Loss Model Approved by Florida Commission
Florida’s hurricane model commission approves Karen Clark & Co.’s Version 5.0, featuring enhanced climate data, upgraded vulnerability functions, and new coverage modeling capabilities.
June 12, 2025
Catastrophe
Property
Risk Management
Technology
Florida
Court Upholds Lloyd’s Denial in Diamond Loss Case Over Inactive Security System
A New York appellate court affirms Lloyd’s denial of coverage in a diamond loss claim, emphasizing that policyholders must maintain fully operational security systems.
June 12, 2025
Insurance Industry
Litigation
Property
Risk Management
New York
Cyberattack Disrupts Operations at Whole Foods Supplier United Natural Foods
United Natural Foods, a key supplier for Whole Foods, took systems offline after unauthorized network activity, causing temporary disruptions in order fulfillment and distribution.
June 10, 2025
Insurance Industry
Property
Risk Management
Technology
Rhode Island
AI Acceleration Signals Big Opportunities for Insurers as Adoption Surges
Mary Meeker’s new 340-page AI report reveals explosive growth, accelerating adoption, and decreasing costs—pointing to major advantages for insurers leveraging the technology.
June 10, 2025
Fraud
Insurance Industry
Risk Management
Technology
Million-Dollar Health Claims Spike as Employers Struggle with Soaring Costs
A 29% rise in million-dollar medical claims over the past year is squeezing self-funded employers, with cancer remaining the top cost driver, Sun Life’s data reveals.
June 10, 2025
Insurance Industry
Life & Health
Risk Management
Workers' Compensation
Scientists Chase Extreme Hailstorms Across the Plains to Uncover the Costliest Weather Threat
Researchers are diving into hailstorms across Texas, Oklahoma, and Kansas to better understand one of the U.S.’s costliest but most overlooked weather risks.
June 9, 2025
Catastrophe
Insurance Industry
Property
Risk Management
Colorado
Kansas
New Mexico
Oklahoma
Texas
How Georgia Can Tackle Rising Insurance Premiums and Loss Ratios
Georgia homeowners face surging premiums after back-to-back hurricanes. Lawmakers and insurers are exploring solutions to stabilize the market and protect consumers.
June 9, 2025
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Arkansas
Florida
Georgia
Louisiana
Chinese Cyberattacks and User Mistakes Spark Growing Mobile Security Emergency
U.S. investigators warn that Chinese cyberattacks and user carelessness are turning smartphones into national security risks, exposing sensitive data and infrastructure.
June 9, 2025
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Illinois
Michigan
Lawsuit Against Nationwide Challenges Mass Pet Insurance Cancellations
Nationwide faces legal backlash after canceling 100,000 pet insurance policies, with allegations of broken promises and a growing debate over ethics and contract law.
June 9, 2025
Insurance Industry
Life & Health
Litigation
Risk Management
Severe Storms in US and Europe Trigger Massive Insured Losses
Severe storms across the US and Europe from late May to early June caused extensive hail, flood, and wind damage, with insured losses reaching into the billions.
June 9, 2025
Catastrophe
Insurance Industry
Property
Risk Management
Illinois
Iowa
Kansas
Missouri
Texas
Philadelphia Transit Lot Fire Destroys 40 Decommissioned Buses
A fire at a SEPTA bus lot in Philadelphia destroyed 40 decommissioned vehicles but caused no injuries or disruptions to commuter service, officials said.
June 9, 2025
Catastrophe
Insurance Industry
Property
Risk Management
Pennsylvania
Food Delivery Giants Resolve Legal Fight Over NYC Wage and Fee Laws
DoorDash, Grubhub, and Uber Eats settled lawsuits over New York City laws boosting delivery worker pay and capping restaurant fees, paving the way for legal revisions.
June 9, 2025
Insurance Industry
Legislation & Regulation
Risk Management
Workers' Compensation
New York
Long COVID Drives Most Workers’ Comp COVID Costs in California
A new study reveals that although Long COVID made up just 4.7% of California workers’ comp COVID claims, it accounted for nearly three-quarters of total claim costs from 2020 to 2022.
June 4, 2025
Insurance Industry
Life & Health
Risk Management
Workers' Compensation
California
Mondelez Sues Aldi Over Lookalike Packaging for Store-Brand Cookies and Crackers
Mondelez International has filed a federal lawsuit in Illinois accusing Aldi of copying the packaging of iconic snacks like Oreos and Wheat Thins, citing brand confusion and trademark infringement.
June 4, 2025
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
Illinois
Teen Driver Crash Fatalities Spike During Summer Months, AAA Warns
Fatal crashes involving teen drivers increase sharply during the summer, with AAA urging parents to prioritize driver education and limit distracted driving.
June 4, 2025
Auto
Education & Training
Risk Management
Technology
