Antarctic Sea Ice Reaches Second Lowest Maximum Extent on Record in 2024

In 2024, Antarctic sea ice reached its second lowest maximum extent in recorded history at 17.16 million square kilometers, just above the 2023 record low, highlighting ongoing concerns about sea ice trends.
October 4, 2024 Catastrophe Legislation & Regulation Risk Management Technology

Digital Payment Trust Eroded by Cyber Scams Amid Growing Global Transactions

As digital payments grow globally, cyber scams are increasingly undermining trust in the system. Chubb’s survey reveals how fraud affects user confidence and how insurance can help restore it.
October 4, 2024 Fraud Insurance Industry Risk Management Technology

Atlantic Hurricane Activity Predicted to Surge Through Mid-October 2024

Colorado State University forecasters predict above-normal hurricane activity from October 1-14, 2024, with an extremely high likelihood of major storms in the Atlantic and Caribbean regions.
October 4, 2024 Catastrophe Insurance Industry Property Risk Management

Solar Energy Growth Sparks Surge in Construction Claims

The rapid growth of solar energy is driving an increase in construction-defect claims, as industry experts highlight risks such as fire, environmental concerns, and insurance coverage issues.
October 4, 2024 Insurance Industry Legislation & Regulation Property Risk Management Arizona California Colorado Florida Texas

How to Address Three Common Mental Health Concerns in Workers’ Comp Claims

Workers’ comp claims involving mental health conditions can be costly and complex. Understanding the three main types of concerns can help adjusters mitigate risks and reduce claim costs.
October 4, 2024 Risk Management Technology Workers' Compensation

Carolina Residents and Agents Shocked by Inland Damage from Hurricane Helene

Insurance agents in Asheville, North Carolina, report unprecedented inland damage from Hurricane Helene, with widespread flooding, fallen trees, and road closures hampering recovery efforts.
October 1, 2024 Catastrophe Insurance Industry Property Risk Management North Carolina Tennessee

Small Businesses Face Rising Threats from AI-Driven Scams

A survey reveals that a quarter of small business owners have been targeted by AI-generated scams, using tactics like email, voice, and video impersonation, exposing them to significant fraud risks.
October 1, 2024 Fraud Insurance Industry Risk Management Technology

Hurricane Helene Signals Emerging Inland Threat as Storms Retain Strength

Hurricane Helene’s unprecedented inland devastation highlights the growing danger of the "brown-ocean effect," a phenomenon that may allow future hurricanes to retain strength as they move further inland.
October 1, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina

Hurricane Helene’s Economic Impact Could Reach $160 Billion Due to Infrastructure Destruction and Business Losses

Economic estimates for Hurricane Helene project up to $160 billion in damage, driven by widespread infrastructure failure, property loss, business disruption, and long-term recovery costs.
September 30, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia Kentucky North Carolina Ohio

Key Restaurant Insurance Claims Insights to Help Adjusters Minimize Payouts

Understand the most frequent and costly insurance claims in the restaurant industry, from equipment breakdown to employee injury, and how claims adjusters can help mitigate risks.
September 30, 2024 Liability Property Risk Management Workers' Compensation California Florida Michigan Mississippi New Jersey

Helene Hits Florida as Category 4 Hurricane, Unveils Critical Flood Insurance Gap

Hurricane Helene’s catastrophic flooding from Florida to North Carolina exposes the serious lack of flood insurance coverage among homeowners, especially in inland areas, highlighting the increasing risks from extreme weather events.
September 30, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia Kentucky North Carolina South Carolina

Hurricane Helene’s Impact Pressures Florida’s Struggling Insurance Market

Hurricane Helene’s destructive force on Florida’s properties highlights the fragility of the state’s insurance market, with rising premiums, reinsurance challenges, and climate change amplifying risks.
September 30, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Hurricane Helene Causes Up to $34 Billion in Total Economic Impact, Moody’s Reports

Hurricane Helene made landfall as a Category 4 storm, leading to widespread property damage, power outages, and disruptions. Analysts predict total costs ranging from $20 billion to $34 billion, with insurance losses still being assessed.
September 30, 2024 Catastrophe Insurance Industry Property Risk Management Florida

Navigating the Complexities of Alcohol and Marijuana in Life Insurance Claims

Alcohol and marijuana present unique challenges in life and AD&D claims. While alcohol regulations are uniform, marijuana’s state-by-state legality and unpredictable effects complicate claim decisions and risk management.
September 30, 2024 Legislation & Regulation Liability Life & Health Risk Management

Strategies to Reduce the Impact of Wildfires: Lessons from the Lahaina Fire

Experts urge adopting fire-resistant building practices, fuel breaks, and structure spacing to minimize damage and loss in future wildfires, following the devastating Lahaina fire in Hawaii.
September 30, 2024 Catastrophe Insurance Industry Property Risk Management Hawaii
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