
AI Revolutionizes Hurricane Forecasting with Unprecedented Accuracy
AI weather models like GraphCast demonstrated remarkable accuracy during this hurricane season, outperforming traditional models in predicting storm tracks but facing challenges with intensity forecasting.
November 15, 2024
Catastrophe
Risk Management
Technology
Louisiana
Texas

Worker Deaths Decline as OSHA Focuses on Safety Enforcement and Education
A new OSHA report shows an 11% drop in worker fatalities, with significant declines in deaths from trench collapses and falls, attributed to targeted safety efforts, enforcement, and outreach initiatives.
November 14, 2024
Education & Training
Legislation & Regulation
Risk Management
Workers' Compensation

New Climate Research Reveals Worsening Global Conditions in 2024
As COP29 unfolds in a year of record-high temperatures, new research reveals accelerating climate effects, from supercharged storms and wildfire deaths to a slowing Atlantic current, raising concerns about a range of tipping points.
November 14, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
North Carolina

Massachusetts Wildfires Spread as Drought and High Winds Intensify Risks
Ongoing drought and high winds have sparked severe brush fires across Massachusetts, with over 1,500 acres already burned this season. Officials urge caution as red flag warnings remain in place.
November 14, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Maine
Massachusetts
New Hampshire

GM Issues Recall on Diesel Pickups and SUVs Over Rear Wheel Lock-Up Risk
General Motors is recalling nearly 462,000 Chevrolet, GMC, and Cadillac vehicles with diesel engines due to a defect in the transmission control valve that could cause rear wheels to lock up, raising crash risks.
November 14, 2024
Auto
Legislation & Regulation
Risk Management
Technology

UK Class Action Alleges Apple Monopolizes Data Storage, May Face Billions in Damages
Apple faces a UK class action alleging it unfairly dominates the data storage market by limiting consumer options for external storage. The lawsuit, filed in London, seeks up to £3 billion in damages and highlights ongoing concerns over monopolistic practices by tech giants.
November 14, 2024
Legislation & Regulation
Litigation
Risk Management
Technology

Rising Inland Flood Risk Demands Urgent Attention in U.S.
The Insurance Information Institute’s latest report highlights the increasing flood risks faced by inland areas due to shifting weather patterns. Hurricanes, tropical storms, and thunderstorms are pushing the boundaries of flood-prone regions, underscoring the need for better insurance coverage, flood resilience, and mitigation strategies to bridge the protection gap in non-coastal communities.
November 14, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Georgia
Kentucky
New Jersey
New York

Commercial Auto Insurance Faces Steep Losses Despite Rate Hikes, AM Best Reports
Despite over a decade of rate hikes and underwriting reforms, the commercial auto insurance sector has faced escalating losses, with 2023 marking its worst year on record due to high claims costs, social inflation, and other persistent challenges.
November 14, 2024
Auto
Litigation
Risk Management
Underwriting

New York Court Dismisses Homeowner’s Construction Defect Claim Over Missed Filing Deadline
A New York court dismissed a homeowner’s breach of contract claim for delayed filing, ruling that the lawsuit, filed almost seven years after project completion, was beyond the six-year statute of limitations for construction defect claims. Pandemic-related deadline extensions could not save the case.
November 14, 2024
Legislation & Regulation
Litigation
Property
Risk Management
New York

Tesla Cybertruck Recall of 2,400 Units Marks Sixth This Year
Tesla recalls 2,400 Cybertrucks in the U.S. over a faulty driver inverter that could cause loss of power, raising crash risks. This latest issue, which affects Cybertrucks manufactured through July 30, follows several other recalls issued in 2024.
November 14, 2024
Auto
Legislation & Regulation
Risk Management
Technology

Fake Bear Attack Insurance Scam Leads to Arrests in California
Four Southern California residents were arrested on suspicion of insurance fraud after allegedly submitting false claims that their cars were damaged by a bear, which officials say was a person in a bear costume.
November 14, 2024
Auto
Fraud
Litigation
Risk Management
Weird
California

Maximizing Flood Preparedness Benefits for Insurers and Policyholders, Swiss Re Institute Study Finds
A new Swiss Re Institute study reveals that proactive flood preparedness, from resilient infrastructure to policy measures, could substantially reduce economic losses, protecting both insurers and policyholders. The research highlights cost-effective flood adaptation methods and the potential for public-private partnerships in climate adaptation efforts.
November 11, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management

Growing Demand for Insurance Among Gen Z and Underserved Groups in Advanced Economies
A Geneva Association survey finds a growing insurance gap among Gen Z, migrants, and low-income earners in developed nations. This gap reflects affordability concerns and a need for tailored, accessible policies to boost financial resilience across underserved demographics.
November 11, 2024
Insurance Industry
Life & Health
Property
Risk Management

How to Tell When Your SSE Solution is Holding Back Your Cybersecurity
As cyber threats evolve, outdated security service edge (SSE) solutions may fail to provide the protection, performance, and cost-efficiency modern businesses need. Here are the top indicators that your SSE platform might need an upgrade to stay effective.
November 11, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology

US Faces Mounting Losses from November Storms as Extreme Weather Intensifies
Early November storms, including tornadoes, flooding, and wildfires, caused extensive damage across multiple states, leaving insurers facing substantial losses and highlighting the rising frequency of severe weather events across the US.
November 11, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Arkansas
California
Missouri
Oklahoma



