
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

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
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
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, 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
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
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
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
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
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



