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Hurricane Beryl’s Unprecedented Early Season Impact Signals Climate Concerns

Hurricane Beryl’s Unprecedented Early Season Impact Signals Climate Concerns

Hurricane Beryl’s rapid intensification in early July breaks records and raises concerns about future storm activity due to climate change.
July 2, 2024 Catastrophe Property Risk Management Texas

New OSHA Rule to Protect Workers from Heat Illness

New OSHA Rule to Protect Workers from Heat Illness

OSHA’s proposed rule aims to safeguard indoor and outdoor workers from heat-related illnesses and deaths.
July 2, 2024 Legislation & Regulation Risk Management Workers' Compensation California Colorado Maryland Minnesota Oregon

Big Florida Insurers Close Nearly Half of Homeowner Claims Without Payment

Big Florida Insurers Close Nearly Half of Homeowner Claims Without Payment

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.
July 2, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Survey Reveals 40% Would Consider Inflating Home Insurance Claims

Survey Reveals 40% Would Consider Inflating Home Insurance Claims

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.
July 1, 2024 Fraud Insurance Industry Property Risk Management

Norfolk Southern Sued by Insurers Over Ohio Train Derailment

Norfolk Southern Sued by Insurers Over Ohio Train Derailment

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.
July 1, 2024 Insurance Industry Liability Litigation Risk Management Ohio

Homeowners’ Maintenance Gaps Revealed: Key Safety Tasks Often Overlooked

Homeowners’ Maintenance Gaps Revealed: Key Safety Tasks Often Overlooked

A nationwide survey by The Hanover and The Harris Poll shows many homeowners neglect crucial maintenance tasks, risking costly damages and insurance claims.
July 1, 2024 Education & Training Insurance Industry Property Risk Management

Escalating Home Insurance Costs Linked to Disaster Risk: Insights from Mortgage Escrow Data

Escalating Home Insurance Costs Linked to Disaster Risk: Insights from Mortgage Escrow Data

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.
July 1, 2024 Catastrophe Insurance Industry Property Risk Management California Florida Louisiana Texas

Reinsurance Market Sees Improvements at July 2024 Renewal

Reinsurance Market Sees Improvements at July 2024 Renewal

Strong capital positions and record returns create favorable conditions for reinsurance buyers.
July 1, 2024 Insurance Industry Property Risk Management

Cyber Insurance Market Stabilizes Amid Persistent Threat Landscape

Cyber Insurance Market Stabilizes Amid Persistent Threat Landscape

Despite ongoing cyber threats, the cyber insurance market offers favorable terms for buyers, driven by strong risk controls and pricing reductions.
July 1, 2024 Insurance Industry Risk Management Technology

Cybersecurity Gaps Leave General Contractor Liable in Phishing Scam

Cybersecurity Gaps Leave General Contractor Liable in Phishing Scam

A phishing attack against a subcontractor highlights the importance of cybersecurity in the construction industry.
July 1, 2024 Liability Litigation Risk Management Technology Connecticut Maryland

Boost Business Insights with Gamified Data Management

Boost Business Insights with Gamified Data Management

A strategic approach to data management enhances business insights and growth.
July 1, 2024 Education & Training Insurance Industry Risk Management Technology

Former Green Bay Packer Randall Cobb, and Family Survive House Fire in Nashville

Former Green Bay Packer Randall Cobb, and Family Survive House Fire in Nashville

NFL wide receiver Randall Cobb and his family narrowly escaped a fire at their Nashville home, which began in the garage and caused significant damage, but fortunately left everyone unharmed.
June 27, 2024 Catastrophe Insurance Industry Property Risk Management Tennessee Texas

Lightning-Related Insurance Claims Soar in 2023

Lightning-Related Insurance Claims Soar in 2023

The Insurance Information Institute (Triple-I) reported a 30% increase in total claims value from 2022, highlighting the financial impact of severe convective storms.
June 19, 2024 Catastrophe Insurance Industry Property Risk Management Alabama California Florida Georgia Louisiana

Proactive Strategies for Property Loss Control

Proactive Strategies for Property Loss Control

A session at RISKWORLD 2024 highlighted how a proactive, data-driven approach to risk management can create an effective property loss control strategy.
June 19, 2024 Insurance Industry Property Risk Management Technology

Copper Cable Theft Plagues EV Charging Stations

Copper Cable Theft Plagues EV Charging Stations

The rise in cable thefts is occurring amidst significant efforts by major U.S. automakers to promote electric vehicles as a key strategy to combat climate change.
June 19, 2024 Insurance Industry Property Risk Management Technology Arizona California Colorado Illinois Nevada
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