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Record Catastrophe Bond Issuance of $17.7 Billion in 2024

Catastrophe bonds and related insurance-linked securities surged to a record $17.7 billion in issuance during 2024, driven by a robust first half and strong year-end performance.
January 21, 2025 Catastrophe Property Risk Management Technology California Florida Louisiana Massachusetts Texas

FEMA Partners with 27 Reinsurers to Transfer $758M in Flood Insurance Risk

FEMA has expanded its flood insurance reinsurance program for 2025, transferring $758 million in risk to 27 private reinsurers and covering portions of losses from catastrophic flood events.
January 21, 2025 Catastrophe Insurance Industry Property Risk Management

Consumers Weigh in on AI Use in Severe Weather Insurance

A new report reveals mixed consumer opinions on insurers using AI for severe weather predictions, highlighting the need for transparency and education to build trust in these tools.
January 21, 2025 Insurance Industry Property Risk Management Technology Connecticut

Efforts Intensify to Combat Fraud Targeting Wildfire Survivors in Southern California

California authorities, including Insurance Commissioner Ricardo Lara, are addressing rising fraud cases after wildfires, deploying resources to protect survivors and prosecute scammers.
January 21, 2025 Catastrophe Fraud Litigation Risk Management California

Florida and Alabama Declare Emergencies as Rare Snowstorm Approaches

Florida and Alabama declared states of emergency as a rare snowstorm approached the region, prompting closures, emergency measures, and National Guard activation.
January 21, 2025 Catastrophe Insurance Industry Legislation & Regulation Risk Management Alabama Florida

Cyber Insurance Growth Set to Continue Amid Evolving Threat Landscape

As cyber risks grow more complex, the insurance market is evolving with higher limits, new coverage options, and reinsurance strategies to meet increasing demand.
January 20, 2025 Insurance Industry Risk Management Technology

General Motors Agrees to FTC Settlement Over Driver Data Privacy Issues

General Motors will be restricted from collecting and sharing driver data for five years following an FTC settlement addressing claims of undisclosed data sales to third parties.
January 20, 2025 Legislation & Regulation Litigation Risk Management Technology Texas

LA Wildfires Cause $1.9M Average Insured Loss Per Structure, Over 17,000 Properties Impacted

The Palisades and Eaton wildfires in Los Angeles have damaged or destroyed 17,027 structures, with estimated insured losses reaching $32.5 billion, making this one of the costliest wildfire events in U.S. history.
January 20, 2025 Catastrophe Excess & Surplus Lines Property Risk Management California

What the Basquiat Forgeries Teach About Art Insurance for Homeowners

The $19.7 million Basquiat forgery case highlights the importance of proper appraisals and tailored insurance coverage for art and collectibles, even for homeowners.
January 20, 2025 Insurance Industry Litigation Property Risk Management Florida

Cyber Risks Dominate Global Business Concerns as Climate Change Climbs Rankings

Cyber incidents, including ransomware and IT disruptions, top the global risk list for the fourth consecutive year, while climate change rises to its highest position ever in the Allianz Risk Barometer.
January 20, 2025 Insurance Industry Risk Management Maryland

Transforming Change Management for the AI Era

Traditional change management strategies no longer work in today’s fast-paced, AI-driven world. Amy Radin outlines a revolutionary, people-focused approach to organizational transformation.
January 17, 2025 Education & Training Insurance Industry Risk Management Technology

Insurance Challenges and Strategies in the Growing Space Debris Crisis

The rising threat of space debris poses significant challenges to insurers, necessitating innovative solutions for risk assessment, liability management, and global collaboration.
January 17, 2025 Insurance Industry Liability Risk Management Technology

AI Tools Drive Workplace Mental Health Support Innovation

Workplace mental health strategies are transforming as AI-powered tools rise in popularity, traditional EAPs face challenges, and employee needs evolve, per Unmind’s 2025 survey.
January 17, 2025 Insurance Industry Risk Management Technology

Most Homeowners Feel Ready for Severe Weather Despite Rising Risks

A recent IRC survey reveals that while most homeowners feel prepared for severe weather, awareness of mitigation strategies, premium savings, and legal system impacts remains limited.
January 14, 2025 Catastrophe Litigation Property Risk Management

Rising Risks in Homeowners Insurance Demand Swift Action

The accelerating impacts of climate change, coupled with slow government response and human reluctance to prepare, are driving a homeowners insurance crisis in wildfire-prone states like California.
January 14, 2025 Catastrophe Legislation & Regulation Property Risk Management California Colorado Florida Hawaii Louisiana
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