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Innovation Driving the Future of Technology, Media, and Telecom

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

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

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

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

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

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

Hurricane Milton’s Winds Top 120 mph, Damage Roofs and Power Lines in St. Petersburg Area

Hurricane Milton’s Winds Top 120 mph, Damage Roofs and Power Lines in St. Petersburg Area

Hurricane Milton brought intense winds, widespread destruction, and left millions without power in Florida. While storm surge impacts were less severe than anticipated, damage to homes, power lines, and infrastructure is widespread.
October 11, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Florida’s Property Insurance Market Strengthens After Major Hurricanes

Florida’s Property Insurance Market Strengthens After Major Hurricanes

Despite recent hurricane challenges, Florida’s property insurance market is showing resilience, with reforms leading to rate reductions, new insurer entries, and declining reinsurance costs in 2024.
October 11, 2024 Insurance Industry Legislation & Regulation Property Risk Management Florida

Climate Change Intensifies Hurricane Helene’s Impact on Coastal and Inland Communities

Climate Change Intensifies Hurricane Helene’s Impact on Coastal and Inland Communities

Hurricane Helene, a Category 4 storm, caused catastrophic flooding and destruction from Florida’s coast to the Southern Appalachians. Research shows climate change intensified its rainfall, winds, and flooding risks.
October 11, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina Tennessee

Perrier Faces Contamination Crisis as Water Source Suffers Fecal and Pesticide Pollution

Perrier Faces Contamination Crisis as Water Source Suffers Fecal and Pesticide Pollution

Perrier, a leading luxury water brand, faces a contamination crisis after fecal matter and banned pesticides were found in its wells. With production halted and millions of bottles destroyed, Nestlé’s management of the iconic brand is under scrutiny.
October 11, 2024 Insurance Industry Legislation & Regulation Property Risk Management

Cyberattack on American Water Highlights Urgency of Infrastructure Security

Cyberattack on American Water Highlights Urgency of Infrastructure Security

A cyberattack on American Water, the largest U.S. regulated water utility, has paused billing services and renewed concerns over the security of critical infrastructure.
October 11, 2024 Legislation & Regulation Property Risk Management Technology New Jersey

Outdoor Work Faces New Dangers from Rising Heat and Air Pollution

Outdoor Work Faces New Dangers from Rising Heat and Air Pollution

As heatwaves and air pollution intensify, employers must adopt protective measures to ensure the health and safety of outdoor workers, reducing accidents and costly business interruptions.
October 11, 2024 Property Risk Management Technology Workers' Compensation

California Supreme Court Exempts Public Employers from PAGA Claims on Wage and Break Laws

California Supreme Court Exempts Public Employers from PAGA Claims on Wage and Break Laws

The California Supreme Court ruled that public employers are not subject to civil penalties under the Private Attorneys General Act (PAGA) and are exempt from certain wage and break laws unless explicitly stated.
October 11, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation California

Personal Lines Underwriting Sees Gains, Narrowing the Gap with Commercial Lines

Personal Lines Underwriting Sees Gains, Narrowing the Gap with Commercial Lines

Improved underwriting results for personal lines in the first half of 2024 have reduced the performance gap with commercial lines, driven by premium growth in personal auto and homeowners insurance.
October 11, 2024 Auto Property Risk Management Underwriting

Rethinking Hurricane Risk: Why a Wind-Focused Approach Misses the Real Threat

Rethinking Hurricane Risk: Why a Wind-Focused Approach Misses the Real Threat

As climate change fuels stronger storms, the Saffir-Simpson scale’s wind-only focus is outdated. A refined system accounting for flooding, storm surge, and storm duration could improve safety and insurance coverage.
October 10, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida
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