Florida Woman’s Concrete Blockade Floods Entire Neighborhood, Ignites Fierce Community Backlash

A Florida neighborhood is experiencing severe flooding after a resident poured concrete into a crucial drainpipe on her property, prompting county intervention and ongoing disputes with the HOA.
July 26, 2024 Legislation & Regulation Litigation Property Risk Management Florida

Severe Weather Events in Nova Scotia Lead to $490 Million in Insured Losses

The wildfires and flooding in Nova Scotia last year resulted in $490 million in insured losses, according to a recent report by the Insurance Bureau of Canada.
July 25, 2024 Catastrophe Insurance Industry Property Risk Management

HeatRisk Tool Faces Real-World Challenges Amidst Rising US Temperatures

The HeatRisk forecasting tool, launched by the CDC and NOAA, is undergoing real-world testing as extreme temperatures stress many parts of the US, providing localized heat warnings to protect vulnerable populations.
July 25, 2024 Legislation & Regulation Life & Health Risk Management Technology Arizona California Florida Washington

Wienermobile Rolls Over on Tri-State Tollway, No Injuries Reported

The Oscar Mayer Wienermobile was involved in a rollover crash on the Tri-State Tollway near Oak Brook, Illinois, resulting in no injuries. The accident caused a lane closure but all involved are safe.
July 25, 2024 Auto Insurance Industry Property Risk Management Weird Illinois

CrowdStrike IT Outage Could Lead to Billions in Insured Losses, Minimal Impact on Insurers

The CrowdStrike IT outage on July 19, affecting numerous industries, could result in billions of dollars in insured losses but is not expected to significantly impact global insurers and reinsurers.
July 25, 2024 Insurance Industry Risk Management Technology

How Climate Technology is Shaping the Future of Insurance

Climate change poses significant challenges for the insurance industry, but climate technology offers solutions that can help insurers predict, prevent, and mitigate weather-related risks, potentially transforming the sector.
July 25, 2024 Catastrophe Property Risk Management Technology

Gallagher Re’s Mid-Year Natural Catastrophe and Climate Report Highlights 2024’s Severe Convective Storm Impact

The first half of 2024 saw substantial global insured losses, with US severe convective storms accounting for 61% of the $61 billion total, highlighting the period as the costliest on record.
July 24, 2024 Catastrophe Insurance Industry Property Risk Management Colorado Iowa Oklahoma Texas

Embracing Solar Power: Technological Evolution and Insurance Industry Challenges

Jason Kaminsky, CEO of kWh Analytics, discusses how advancements in solar technology are reshaping the insurance landscape and addressing emerging liabilities.
July 24, 2024 Insurance Industry Risk Management Technology Underwriting

The Future of Underwriting: Embracing AI and Automation

The integration of AI and business rules engines in underwriting is revolutionizing the industry, reducing menial tasks, and enabling underwriters to focus on strategic issues.
July 24, 2024 Insurance Industry Risk Management Technology Underwriting

Emerging Challenges in US Workers’ Compensation Market: Swiss Re Analysis

After a decade of profitability, the US workers’ compensation insurance market faces new risks, requiring disciplined underwriting to maintain stability.
July 23, 2024 Insurance Industry Risk Management Underwriting Workers' Compensation California New Jersey New York

Home Insurance Crisis: Rising Costs and Climate Challenges

Rising climate-related risks and regulatory challenges are driving up home insurance costs, making homeownership more difficult for many Americans.
July 23, 2024 Insurance Industry Legislation & Regulation Property Risk Management California Connecticut Florida

Class Action Lawsuit Filed Over Copa America Chaos at Hard Rock Stadium

Hard Rock Stadium, CONMEBOL, and CONCACAF face class action lawsuits after security failures led to chaos, injuries, and denied entry at the Copa America Final.
July 23, 2024 Insurance Industry Liability Litigation Risk Management Florida

Challenges and Innovations in Insurance Underwriting Amid Economic Uncertainty

With high inflation, climate risks, and varying state regulations, insurance underwriting and pricing rely more than ever on accurate loss projections and economic forecasts.
July 23, 2024 Insurance Industry Risk Management Technology Underwriting

NCIGF Enhances Support for Insurers

The National Conference of Insurance Guaranty Funds (NCIGF) is bolstering its efforts to assist state guarantee funds, focusing on operational support, education, and public policy management.
July 23, 2024 Education & Training Insurance Industry Property Risk Management

Inflation Continues to Lead Insurers’ Concerns

Despite cooling predictions, inflation remains the primary concern for insurance executives worldwide for the third consecutive year, according to the International Insurance Society’s annual survey.
July 23, 2024 Insurance Industry Property Risk Management Technology Florida
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