Severe storms from December 26–29, 2024, caused extensive tornado damage across 10 Southern states, generating over 2,700 insurance claims and highlighting a rising trend in extreme weather events.

A Virginia worker’s knee injury, sustained while salvaging chocolates from his employer’s delivery truck, was deemed outside the scope of employment by the Workers’ Compensation Commission.

The insurance industry is entering a transformative era as AI moves from isolated pilots to enterprise-wide implementations, reshaping claims, customer service, and underwriting processes.

The U.S. saw a 3.7% decline in workplace fatalities in 2023, with transportation incidents, falls, and violent acts remaining significant contributors to workplace injuries and deaths.

Chinese state-backed hackers reportedly accessed unclassified files on senior U.S. Treasury leaders’ computers in a major breach involving a federal software provider.

Classic car enthusiasts face rising insurance premiums, with rates climbing six times faster than inflation, leaving many overpaying for insufficient coverage.

Flooding caused 78% of global catastrophe losses in 2024, totaling $18.2 billion. CRESTA integrates its loss index into PERILS for streamlined reporting starting January 2025.

California introduces new regulations requiring insurers to increase home coverage in wildfire-prone areas, aiming to stabilize the insurance market and support homeowners.

The rise of remote work and international hiring is driving innovation and growth in commercial insurance, offering tailored solutions to meet the diverse needs of a global workforce.

New accounting standards like IFRS 17, coupled with advanced technologies such as AI, are reshaping insurance modeling, offering operational savings and strategic insights.

Harish Kapur, CEO of Across America Insurance Services, challenges telematics’ reliability in trucking, advocating for dashcams as a superior solution while emphasizing strategic partnerships and efficient claims management.

Recent deadly incidents involving vehicles rented on Turo’s platform have raised questions about safety protocols and risk assessment, potentially complicating the company’s IPO aspirations.

Managing general agents (MGAs) streamline insurance operations, providing specialized expertise, niche market access, and innovative solutions to carriers, agents, and policyholders.

Strong reinsurer appetite for property catastrophe renewals has driven capacity growth, exceeding demand increases, with rate reductions and favorable market conditions shaping outcomes.

In 2025, the global green transition faces challenges and opportunities, from rising EV sales and nuclear energy interest to increased coal reliance and stricter PFAS regulations.