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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

Hurricane Milton Threatens Central Florida with Potential Direct Hit

Hurricane Milton, set to make landfall as a Category 3 storm, could bring catastrophic impacts to Florida’s Gulf Coast, particularly the Tampa area, just two weeks after Hurricane Helene’s devastation.
October 9, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia North Carolina South Carolina

Hurricane Milton Reaches Category 5 as Florida Orders Evacuations

Hurricane Milton intensifies to Category 5 as it heads toward Florida’s west coast, prompting evacuations while the state rushes to clear debris left by Hurricane Helene just two weeks ago.
October 7, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Hurricane Milton Strengthens to Category 4, Poised for Midweek Florida Landfall

Hurricane Milton, now a powerful Category 4 storm, is set to make landfall midweek in Florida, bringing life-threatening storm surges, heavy rain, and strong winds.
October 7, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina

Reinsurance Brokers Caution of Hurricane Milton’s Potential Impact on Florida

Hurricane Milton is expected to intensify as it heads toward Florida. Reinsurance brokers are warning of potential significant impacts, including storm surges and wind damage.
October 7, 2024 Catastrophe Insurance Industry Property Risk Management Florida

Hurricane Milton Intensifies as It Heads for Florida, Threatening Tampa Bay and Orlando

Hurricane Milton has become a Category 3 storm and is expected to reach Category 4 as it nears Florida, prompting storm surge warnings for Tampa Bay and potential evacuations across the region.
October 7, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

NFL Preseason Concussions Hit Record Low with Safety Measures in Place

The 2024 NFL preseason saw a record-low number of concussions, thanks to enhanced safety protocols, helmet innovations, and rule changes. This marks significant progress in player safety.
October 7, 2024 Legislation & Regulation Litigation Risk Management Technology

Global Flood Risk Study Highlights Population Growth in Flood-Prone Areas

A comprehensive analysis shows that over 2.7 billion people globally are exposed to flood risks from both inland and coastal sources, with the number expected to rise as populations grow in vulnerable regions.
October 7, 2024 Catastrophe Legislation & Regulation Property Risk Management

Flood Insurance Program Struggles with Rising Repeat Payouts

As flood risk intensifies, the National Flood Insurance Program is issuing more repeat payouts, with severe repetitive loss properties surging across the U.S., especially in coastal areas vulnerable to storms.
October 7, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Louisiana New Jersey North Carolina

Nevada Supreme Court Extends Law of the Case Doctrine to District Courts

In a significant shift, the Nevada Supreme Court has applied the law of the case doctrine to district courts, potentially complicating matters for clients approaching trial as rulings may become harder to overturn.
October 7, 2024 Legislation & Regulation Liability Litigation Risk Management Nevada

State Farm Supports 100 Volunteer Fire Departments with $1 Million in Grants

State Farm, in partnership with the National Volunteer Fire Council, has awarded $1 million in grants to 100 volunteer fire departments to enhance firefighter safety and community protection.
October 7, 2024 Catastrophe Insurance Industry Property Risk Management

Hurricane Helene Losses Projected in Billions, But US P&C Insurers Expected to Withstand Impact

Hurricane Helene’s estimated insured losses range between $5 billion and $9 billion, but S&P Global believes the event will affect earnings without jeopardizing the capital of US property and casualty insurers.
October 4, 2024 Catastrophe Insurance Industry Property Risk Management Florida North Carolina South Carolina

How Google and Tesla Could Transform California’s Home Insurance Market

Tech giants like Google and Tesla are exploring California’s homeowners insurance market, leveraging AI and big data to offer innovative, risk-adjusted policies that could reshape the industry and challenge traditional insurers like State Farm.
October 4, 2024 Insurance Industry Property Risk Management Technology California
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