Wildfire Risk Intensifies in 2024: Over 2.6 Million Homes at High Risk in the Western U.S.
As of mid-2024, wildfires have ravaged millions of acres in the U.S., with over 2.6 million homes at moderate or greater risk, emphasizing the crucial role of insurance and risk management in protecting communities.
August 13, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Arizona
California
Colorado
Hawaii
Idaho
People Flock to Texas and Florida Despite Fire and Flood Risks
People are moving to fire- and flood-prone areas in the US, driven by migration to Texas and Florida. These states attract newcomers with low taxes and affordable housing, despite growing climate risks.
August 7, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Texas
Austin ISD CFO Arrested on Insurance Fraud Charges and Placed on Leave
Austin Independent School District CFO has been placed on leave following an arrest on insurance fraud charges.
August 7, 2024
Education & Training
Fraud
Legislation & Regulation
Litigation
Texas
CrowdStrike Faces Federal Securities Class Action from Investors
The Plymouth County Retirement Association has filed a class action lawsuit against CrowdStrike in Texas, claiming the cybersecurity firm’s software outage caused significant global disruptions and financial losses.
August 1, 2024
Litigation
Risk Management
Technology
Texas
Oil and Gas Activity Likely Caused West Texas Earthquakes
Recent damaging earthquakes in West Texas are likely caused by oil and gas activity, according to the USGS.
July 31, 2024
Catastrophe
Legislation & Regulation
Litigation
Risk Management
New Mexico
Oklahoma
Texas
Man Faces Charges in Houston Roofing Fraud Case
A Galveston County, Texas man is charged with felony criminal mischief for allegedly damaging a roof to file a fraudulent storm damage insurance claim, authorities report.
July 30, 2024
Fraud
Insurance Industry
Litigation
Property
Texas
Homeowners Face 21% Insurance Premium Increase, Climate Change Cited as Major Factor
Homeowners insurance premiums surged by 21% from May 2022 to May 2023, largely due to severe weather events driven by climate change, leaving many homeowners with limited options.
July 29, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
California
Colorado
Florida
Idaho
Louisiana
Premium Renewal Rates Increase Across Major Commercial Lines Except Workers’ Compensation
The Q2 2024 Ivans Index reveals an overall increase in premium renewal rates for major commercial insurance lines, with Workers’ Compensation as the exception, showing a year-over-year decrease.
July 25, 2024
Auto
Insurance Industry
Property
Workers' Compensation
Mississippi
Nebraska
New York
Texas
Wisconsin
Gallagher Re’s Mid-Year Natural Catastrophe and Climate Report Highlights 2024’s Severe Convective Storm Impact
The first half of 2024 saw substantial global insured losses, with US severe convective storms accounting for 61% of the $61 billion total, highlighting the period as the costliest on record.
July 24, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Colorado
Iowa
Oklahoma
Texas
Trucker’s Wife Avoids Second Prison Term in Workers’ Compensation Fraud Case
Frances Hall, previously convicted of murdering her husband, avoids a second prison term after pleading guilty in a $9 million workers’ compensation fraud scheme.
July 24, 2024
Fraud
Insurance Industry
Litigation
Workers' Compensation
Texas
Gulf Coast Disasters 2020-2021: Impacts and Lessons
Exploring the compounded impacts of multiple disasters on Gulf Coast communities from 2020 to 2021 and the lessons learned to enhance future resilience.
July 22, 2024
Catastrophe
Life & Health
Property
Risk Management
Alabama
Florida
Louisiana
Mississippi
Texas
New Study Uncovers State Variations in Workers’ Compensation for First Responders’ Mental Health
Recent research from the FIRST Center highlights significant differences in state workers’ compensation laws for first responders with mental health conditions, emphasizing the need for uniform presumption laws.
July 16, 2024
Legislation & Regulation
Life & Health
Risk Management
Workers' Compensation
Alaska
Arizona
California
Colorado
Connecticut
Moody’s RMS Estimates $2.5-$4.5 Billion in U.S. Insured Losses from Hurricane Beryl
Moody’s RMS estimates U.S. insured losses from Hurricane Beryl between $2.5 and $4.5 billion, with NFIP losses under $300 million and non-U.S. losses not exceeding $1.5 billion.
July 16, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Texas
Understanding Hurricane Categories: Why Even "Weaker" Storms Can Be Dangerous
While often dismissed, Category 1 hurricanes and tropical storms can cause significant damage and fatalities, emphasizing the need for a comprehensive understanding of storm impacts beyond mere wind strength.
July 15, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Florida
Louisiana
New York
Texas
Nearly 300,000 Without Power in Texas One Week After Hurricane Beryl
Hundreds of thousands of Texans remain without power one week after Hurricane Beryl caused widespread damage. Gov. Greg Abbott has demanded an explanation from Houston’s main electricity supplier.
July 15, 2024
Catastrophe
Legislation & Regulation
Risk Management
Technology
Texas
