Atlantic Hurricane Activity Expected to Surge in September as Conditions Favor Storm Formation

Meteorologists predict an active September in the Atlantic, with up to 10 named storms potentially forming as reduced wind shear and dry air create favorable conditions for hurricane development.
August 28, 2024 Catastrophe Insurance Industry Property Risk Management Florida New York North Carolina Pennsylvania South Carolina

Federal Policy Conflicts Could Raise Flood Insurance Costs, Leave Thousands Unaware of Dam Risks

Conflicting federal policies hinder communities from accessing vital dam failure data, potentially raising flood insurance costs and leaving residents unaware of flood risks.
August 26, 2024 Catastrophe Legislation & Regulation Property Risk Management Arizona California Colorado Georgia Minnesota

Hurricane Rainfall Predicted to Intensify in Frequency and Impact

A DeepSky Research report predicts a 300% rise in extreme hurricane rainfall frequency and a 33% increase in severity, highlighting the urgent need for preparedness as hurricane impacts are expected to worsen rapidly.
August 26, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Louisiana Mississippi North Carolina South Carolina

Majority of Hurricane Debby Damage Occurred Outside FEMA Flood Zones, Highlights Coverage Gaps

Hurricane Debby caused $12.3 billion in damage, with 78% of affected properties located outside FEMA-designated flood zones. The event underscores the need for updated flood risk assessments and broader insurance coverage.
August 14, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia Maryland North Carolina Pennsylvania

Hurricane Debby Hits Florida’s Big Bend, Promises Severe Southeast Flooding

Hurricane Debby has made landfall in Florida’s Big Bend with maximum sustained winds of 80 mph, leading to potential historic flooding from northern Florida to the Carolinas, along with gusty winds, storm surge, and tornadoes.
August 5, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina Virginia

Insights from Allianz Atlantic Hurricane Forecast

The 2024 Atlantic hurricane season, starting June 1 and ending November 30, is predicted to be particularly active. Allianz Commercial offers insights into this year’s forecast, reviewing notable 2023 storms and providing expert advice on storm preparedness.
June 6, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia North Carolina South Carolina

Trio Pleads Guilty to Wire Fraud in Home Improvement Store Scheme

Donovan Young, Aaron Young, and James Hoffman face up to 20 years in federal prison for their involvement in a wire fraud conspiracy defrauding home improvement stores.
May 31, 2024 Fraud Legislation & Regulation Litigation Property South Carolina

Real Estate Fraud Scheme Leads to Prison Sentence for North Carolina Man

Dennis S. Lepka, Jr. was sentenced to six and a half years in federal prison for orchestrating a fraudulent real estate scheme, targeting vulnerable communities and causing significant financial losses.
May 31, 2024 Fraud Legislation & Regulation Litigation Property North Carolina South Carolina

South Carolina Saloon Shutters Amid Liquor Liability Law Pressures

The Blind Horse Saloon in Greenville, South Carolina, closes its doors after 29 years, citing the burden of the state’s stringent liquor liability insurance laws as the primary reason.
May 16, 2024 Insurance Industry Legislation & Regulation Liability Litigation South Carolina

South Carolina Supreme Court Modifies Ruling on Ergonomics and Workers’ Compensation Case

The South Carolina Supreme Court has affirmed, with modifications, a court decision on the relevance of ergonomics evidence in a repetitive trauma injury claim.
April 12, 2024 Legislation & Regulation Life & Health Litigation Workers' Compensation South Carolina

Regulatory Concerns Over Insurance Investments Impact Everton’s Prospective Purchase

State regulators in Utah and South Carolina challenge A-Cap’s financial ties with 777 Partners, complicating the firm’s bid for Everton FC amid broader concerns for policyholder security.
April 2, 2024 Insurance Industry Legislation & Regulation South Carolina Utah

Homeowners Brace for Further Hikes Amid Climate and Market Pressures

As homeowners grapple with a 19.8% spike in insurance rates, projections show a relentless 6% increase into 2024, heavily influenced by climate change and severe weather patterns.
April 1, 2024 Catastrophe Legislation & Regulation Property Connecticut Florida Illinois Louisiana Maine

Predictions Point to a Record-Breaking 2024 Atlantic Hurricane Season

Forecasters warn of an unusually active 2024 Atlantic hurricane season, urging early preparations as conditions favor above-average storm activity.
March 29, 2024 Catastrophe Insurance Industry Risk Management Technology Florida North Carolina South Carolina Texas

Hurricane Idalia Shifts Insurance Dynamics in the Southeast US

Hurricane Idalia’s devastation in Florida and beyond underscores the escalating challenges for insurers in a climate-affected world, demanding innovative adaptation.
December 18, 2023 Catastrophe Property Risk Management Technology Florida Georgia North Carolina South Carolina

Court Orders Insurer to Pay $27M for Failing to Defend in Construction Defect Case

South Carolina Court penalizes Penn National with a $27 million payment for its failure to defend a policyholder in a construction defect lawsuit, despite coverage limitations.
December 14, 2023 Insurance Industry Legislation & Regulation Liability Litigation South Carolina
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