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Hurricane Forecasts Face Backlash as Meteorologists Battle Misinformation and Threats

Despite the increasing accuracy of hurricane forecasts, meteorologists are facing growing threats, conspiracy theories, and public distrust fueled by misinformation on social media.
October 17, 2024 Catastrophe Risk Management Technology Alabama Florida Iowa North Carolina

Tornadoes Hit South Florida as Hurricane Milton’s Landfall Strikes Elsewhere

While Hurricane Milton’s landfall was far from southeastern Florida, dozens of tornadoes struck the region, causing significant damage to homes and killing several people across the state.
October 15, 2024 Catastrophe Litigation Property Risk Management Florida

Louisiana’s Auto Insurance Affordability Challenges Persist in 2022

Despite rising incomes, Louisiana remains the least affordable state for personal auto coverage across the South and U.S., with premiums nearly 40% above the national average.
October 15, 2024 Auto Legislation & Regulation Litigation Risk Management Florida Louisiana Mississippi North Carolina

Why Hurricane Milton’s Tornado Outbreak Was So Severe and What It Means for Future Storms

Hurricane Milton triggered a deadly tornado outbreak in Florida, raising concerns over the increasing frequency of strong tornadoes linked to hurricanes. Early studies suggest a warmer world could amplify this trend.
October 15, 2024 Catastrophe Property Risk Management Florida

Florida Insurers Confident in Managing Losses From Another Major Hurricane This Season

Despite concerns from rating agencies, industry experts assure that Florida’s home insurance market has enough reinsurance and financial resilience to withstand additional hurricanes this season.
October 15, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

How AI and Cloud Technology Drive Agile Claims Transformation

AI, cloud computing, and data-driven platforms offer insurers an agile way to modernize claims processes, enabling incremental improvements while enhancing customer experience and reducing costs.
October 15, 2024 Insurance Industry Risk Management Technology

Insurers Brace for $60 Billion in Losses from Hurricane Milton’s Devastation

Hurricane Milton’s devastation in Florida is forecasted to trigger up to $60 billion in insured losses, with reinsurance rates expected to rise as the global insurance industry absorbs the impact.
October 14, 2024 Catastrophe Property Risk Management Florida

AI’s Role in Solving the Underwriting Talent Shortage

With the insurance industry facing a major talent gap, AI and generative AI can enhance underwriting efficiency by mimicking the expertise of top professionals, leading to better policies and profitability.
October 14, 2024 Insurance Industry Risk Management Technology Underwriting

The Mediterranean Faces Increasing Drought Threats to Agriculture

Mediterranean countries, including Spain and Italy, are grappling with persistent droughts that are straining water resources, disrupting agriculture, and posing long-term economic risks due to climate change.
October 14, 2024 Catastrophe Risk Management

Innovation Driving the Future of Technology, Media, and Telecom

Technology, media, and telecom companies face both opportunities and challenges as they navigate innovations in AI, 5G, and cybersecurity, while grappling with regulatory and geopolitical risks, a WTW survey finds.
October 14, 2024 Litigation Risk Management Technology

Federal Incentive Cuts in High-Risk Areas Improve Flood Resilience, Study Finds

A recent study highlights how removing federal subsidies from climate-vulnerable areas can reduce development, increase flood resilience, and generate savings, while emphasizing the challenges of balancing housing demand with disaster risk.
October 14, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management California New York Oklahoma

Tornado Sends Industrial Dumpster Onto Roof in Palm Beach Gardens Neighborhood

A powerful tornado, part of Hurricane Milton’s aftermath, caused significant damage in Palm Beach Gardens, Florida, including launching an industrial dumpster onto a home’s roof.
October 11, 2024 Catastrophe Insurance Industry Property Risk Management Florida

Federal Court Ruling Clarifies Employer Liability for Social Media Harassment

A 2024 federal appeals court ruling clarifies that employers can be held liable for harassment originating from personal social media posts that affect the workplace, emphasizing the need for clear guidelines.
October 11, 2024 Legislation & Regulation Liability Litigation Risk Management

How Generative AI Is Transforming the Insurance Industry

Generative AI has the potential to revolutionize the insurance industry by streamlining operations, enhancing customer service, and improving risk management. However, insurers must address ethical, regulatory, and data challenges to fully unlock its benefits.
October 11, 2024 Fraud Insurance Industry Risk Management Technology Colorado

Catastrophe Bond Investors Dodge Severe Losses Following Hurricane Milton

After Hurricane Milton weakened before landfall, investors in catastrophe bonds are facing losses well below earlier estimates, with single-digit hits predicted instead of the feared 15%.
October 11, 2024 Catastrophe Insurance Industry Property Risk Management Florida Texas
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