A Minnesota court ruled that a cellphone repair business is not entitled to total-loss coverage for $445,000 in tenant improvements made before a fire destroyed their leased space in a commercial building.

CoreLogic estimates that Hurricane Beryl caused insurable losses between $400 million and $700 million in Jamaica and the Cayman Islands, with similar losses in Mexico’s Yucatan Peninsula.

As the 2024 Paris Olympics approach, insurers brace for potential financial losses due to threats of cyber attacks, terrorism, and political protests, heightening security concerns.

A wildfire caused by July 4 fireworks has burned 4,000 acres in New Jersey’s Wharton State Forest, with containment now at 75%.

Hurricane Beryl made landfall in Texas, bringing 90 mph winds, torrential rain, and life-threatening storm surge, leaving one person dead and over 1.5 million without power.

The 2024 State of Risk and Compliance Report by NAVEX offers valuable insights from over 1,000 global R&C professionals, highlighting trends, challenges, and the impact of leadership and technology on compliance program maturity.

Significant losses in private passenger auto and homeowners segments drive continued unprofitability for the US property/casualty insurance sector.

Hurricane Beryl’s rapid intensification in early July breaks records and raises concerns about future storm activity due to climate change.

OSHA’s proposed rule aims to safeguard indoor and outdoor workers from heat-related illnesses and deaths.

Weiss Ratings, an independent insurance rating agency, reports that three major Florida homeowners insurance providers closed nearly half of their claims last year without any payment.

A survey in Ireland and the UK by Aviva finds four in ten respondents might exaggerate home insurance claims for extra compensation, with a majority supporting stricter penalties for fraud.

Erie Insurance and other insurers have filed a lawsuit against Norfolk Southern, alleging negligence and state law violations following the 2023 Ohio train derailment and chemical spill.

A nationwide survey by The Hanover and The Harris Poll shows many homeowners neglect crucial maintenance tasks, risking costly damages and insurance claims.

An analysis of 47 million homeowners’ insurance expenditures reveals a sharp increase in premiums from 2020 to 2023, with disaster-prone areas experiencing the most significant hikes due to rising reinsurance costs.

Strong capital positions and record returns create favorable conditions for reinsurance buyers.