The unexpected flash flooding in Connecticut resulted from a weather phenomenon known as training, where storm cells repeatedly formed over the same area.

Car insurance premiums have soared by an average of 26% in 2024, driven by inflation, costly car repairs, and rising accident rates. States like New Jersey and Missouri saw the highest hikes, with more increases expected.

The growing use of AI, while beneficial, increases the risk of cyber event aggregation through expanded attack surfaces, data exposure, and software supply chain vulnerabilities, according to Guy Carpenter.

Leaders must adapt to the growing presence of Gen Z in the workforce by recognizing their unique values, such as work-life balance, career growth, and diversity, to attract and retain top talent.

As vertical integration rises in healthcare, workers’ compensation professionals must navigate increased medical management costs and explore data-driven strategies to ensure favorable claim outcomes.

Cyber insurance claims in the UK have dropped significantly between 2022 and 2024, as more businesses focus on their own recovery strategies, avoiding ransomware payments and boosting resilience.

A Clearwater cybersecurity firm unknowingly hired a North Korean hacker who used a stolen American identity and collaborated with a U.S.-based laptop farm to infiltrate the company, highlighting the risks associated with remote hiring practices.

In a Pennsylvania case, the court ruled that a county couldn’t offset pension payments against workers’ compensation benefits for a retiree who was injured after returning to work part-time, citing the "absurdity doctrine."

The insurance-linked securities (ILS) market is experiencing moderate capacity growth, driven by record-setting catastrophe bond issuance and market demand, according to AM Best’s latest report.

As the insurance industry evolves, the debate intensifies: will established traditional insurers maintain dominance, or will innovative, digital-first companies lead the future by meeting evolving customer expectations?

In Q2 2024, U.S. and Canadian collision claims for electric vehicles saw significant increases, despite a downturn in EV sales. Hybrid vehicles also experienced rising claims frequency, highlighting shifting market dynamics.

With the potential for boundless litigation involving PFAS chemicals, companies must prioritize risk management strategies to identify, assess, and mitigate exposure before costly legal battles arise.

Disney is attempting to dismiss a wrongful death lawsuit related to a fatal allergic reaction at one of its restaurants, arguing that the plaintiff is bound by an arbitration clause from a Disney+ trial he signed up for years earlier.

Hurricane Ernesto intensifies after battering the northeast Caribbean, leaving Puerto Rico and the U.S. Virgin Islands with widespread power outages, severe flooding, and disrupted services as it heads towards Bermuda.

Hurricane Debby caused $12.3 billion in damage, with 78% of affected properties located outside FEMA-designated flood zones. The event underscores the need for updated flood risk assessments and broader insurance coverage.