Perrier Faces Contamination Crisis as Water Source Suffers Fecal and Pesticide Pollution

Perrier, a leading luxury water brand, faces a contamination crisis after fecal matter and banned pesticides were found in its wells. With production halted and millions of bottles destroyed, Nestlé’s management of the iconic brand is under scrutiny.
October 11, 2024 Insurance Industry Legislation & Regulation Property Risk Management

Cyberattack on American Water Highlights Urgency of Infrastructure Security

A cyberattack on American Water, the largest U.S. regulated water utility, has paused billing services and renewed concerns over the security of critical infrastructure.
October 11, 2024 Legislation & Regulation Property Risk Management Technology New Jersey

Outdoor Work Faces New Dangers from Rising Heat and Air Pollution

As heatwaves and air pollution intensify, employers must adopt protective measures to ensure the health and safety of outdoor workers, reducing accidents and costly business interruptions.
October 11, 2024 Property Risk Management Technology Workers' Compensation

California Supreme Court Exempts Public Employers from PAGA Claims on Wage and Break Laws

The California Supreme Court ruled that public employers are not subject to civil penalties under the Private Attorneys General Act (PAGA) and are exempt from certain wage and break laws unless explicitly stated.
October 11, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation California

Personal Lines Underwriting Sees Gains, Narrowing the Gap with Commercial Lines

Improved underwriting results for personal lines in the first half of 2024 have reduced the performance gap with commercial lines, driven by premium growth in personal auto and homeowners insurance.
October 11, 2024 Auto Property Risk Management Underwriting

Rethinking Hurricane Risk: Why a Wind-Focused Approach Misses the Real Threat

As climate change fuels stronger storms, the Saffir-Simpson scale’s wind-only focus is outdated. A refined system accounting for flooding, storm surge, and storm duration could improve safety and insurance coverage.
October 10, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Hurricane Milton Could Deplete U.S. Insurers’ Catastrophe Budgets, Global Reinsurers Likely to Endure

Hurricane Milton, a Category 5 storm expected to strike Florida, threatens to deplete U.S. property/casualty insurers’ catastrophe budgets and test global reinsurers’ limits, though most are expected to weather the storm without significant capital impacts.
October 10, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia North Carolina South Carolina

Waffle House Index Signals Severe Impact from Hurricane Milton in Florida

The Waffle House Index, a quirky yet reliable gauge of storm severity, shows widespread closures across Florida as Hurricane Milton approaches, warning of significant damage and disruption.
October 9, 2024 Catastrophe Property Risk Management Technology Florida Georgia North Carolina South Carolina

Florida Urges EV Owners to Prepare for Fire Hazards as Hurricane Milton Approaches

Florida officials are cautioning residents about the potential fire hazards posed by lithium-ion batteries in EVs and other devices, urging proactive steps to prevent accidents as Hurricane Milton approaches.
October 9, 2024 Auto Catastrophe Property Risk Management Technology Florida

Federal Flood Maps Lag Behind Climate Disasters, Leaving Millions at Risk

As climate-intensified storms expose the limitations of FEMA’s outdated flood maps, millions of Americans may face flood risks without adequate insurance protection, especially in areas prone to heavy rainfall.
October 9, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina

Hurricane Milton Insurance Loss Projections Range from $15B to $150B, Says Icosa Investments

Icosa Investments forecasts insurance losses from Hurricane Milton could span from $15 billion to over $150 billion, depending on the storm’s intensity and landfall, with significant implications for the cat bond market.
October 9, 2024 Catastrophe Insurance Industry Property Risk Management Florida

Hurricane Helene Losses Climb to $17.5 Billion in CoreLogic’s Final Estimate

CoreLogic’s latest estimate puts insured losses from Hurricane Helene between $10.5 billion and $17.5 billion, with total economic losses reaching up to $47.5 billion due to widespread wind and flood damage.
October 9, 2024 Catastrophe Insurance Industry Property Risk Management

Insurance Premium Increases Threaten Affordable Housing Stability

Rising insurance premiums are creating challenges for affordable housing providers, pushing some renters to the brink. As coverage options decrease, higher costs are being passed on to financially vulnerable renters and property owners.
October 9, 2024 Catastrophe Legislation & Regulation Property Risk Management

How Insurers Help Domestic Abuse Survivors Achieve Financial Independence

Insurance plays a crucial role in empowering domestic abuse survivors by providing financial education and resources that foster long-term security and independence, breaking the cycle of abuse.
October 9, 2024 Education & Training Insurance Industry Life & Health Risk Management

Navigating Customer Trust and Empathy in a GenAI-Driven World

As companies adopt generative AI tools, balancing AI-driven efficiency with authentic human interactions is essential for earning customer trust and maintaining empathy in high-stakes situations.
October 9, 2024 Insurance Industry Risk Management Technology
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