Gallagher Re reports below-average insured catastrophe losses through September 2026, even as severe storms, hail and drought generate billions in claims across major insurance markets.
A Texas insurance broker who collected premiums without issuing policies and defrauded investors through a fictitious loan program has been sentenced to more than 13 years in prison. Federal authorities are selling his seized car collection to help repay victims.
Moisture left behind by Hurricanes Odalys and Polo is combining with a western storm system to produce heavy rain across the Southwest and Plains, raising the risk of flash flooding, property damage and difficult travel through Friday.
Business email compromise accounted for more than $3 billion in reported losses in 2025, while Alaska recorded the highest rate of reported cybercrime incidents relative to its business population.
An EPA proposal would eliminate minimum federal public-notice and comment requirements for certain air pollution permits, leaving states and local agencies to determine how much public participation is required. The change comes as AI data center construction raises questions about pollution, power demand, water use and community impacts.
Former Tropical Storm Edouard continues to produce heavy rain and flooding in Texas while the National Hurricane Center monitors three tropical waves across the Atlantic. No hurricane is currently threatening Florida, though periods of heavy rain are expected.
Heavy rainfall, damaging wind gusts and up to 5 feet of storm surge could generate property and flood losses along the Gulf Coast, with flooding also threatening the Houston area.
Dolly’s remnants could soak South Florida later this week while a Gulf system may develop into Tropical Storm Edouard. Heavy rain and localized flooding could extend from Texas and Louisiana through Tampa and Orlando.
The 33,000-square-foot training campus uses full-scale homes and nearly 30 vehicles to give claims professionals hands-on experience with property damage, EVs, ADAS and changing repair methods.
Tornado and severe thunderstorm activity is shifting toward more populated areas in the eastern U.S., where higher property exposure and reconstruction costs are increasing insurance claim severity even as national tornado volume declines.
State officials say hundreds more homes and businesses need repairs as recovery shifts toward debris removal, rebuilding, and long-term housing. Authorities are also monitoring downstream flooding and a developing tropical system.
Tropical Storm Bertha is increasing humidity across Texas and Louisiana, driving heat index values as high as 120 degrees while record electricity demand and localized flooding threats create additional risks for property owners and insurers.
An IIHS study found that Waymo’s Level 4 vehicles had fewer police-reportable and injury crashes per mile than human drivers. Researchers warned that federal crash and mileage reporting must improve as autonomous vehicle fleets expand.
Tropical Depression Two is expected to strengthen into Tropical Storm Bertha as it tracks along the northern Gulf Coast. Heavy rain, storm surge, and tropical storm conditions could lead to flooding and property damage from Florida to Texas.
Federal prosecutors say shell medical equipment companies submitted billions in fraudulent insurance claims. The case underscores why policyholders and insurers should closely monitor billing activity for signs of fraud.
