Hurricane Forecasting Breakthroughs at Risk as NOAA Faces Budget Cuts
Despite record-setting accuracy in 2024 hurricane forecasts, funding and staff cuts at NOAA threaten future storm tracking capabilities and public safety nationwide.
May 7
Catastrophe
Legislation & Regulation
Risk Management
Technology
Colorado
Florida
Nebraska
South Dakota
Wyoming
Tort Costs Rising Faster Than Inflation and GDP, Study Finds
A new study from the Institute for Legal Reform reveals that U.S. tort costs have risen at an annual rate of 7.1% from 2016 to 2022, exceeding both inflation and GDP growth.
February 6
Insurance Industry
Legislation & Regulation
Liability
Litigation
Alaska
California
Delaware
Florida
Louisiana
Millions of Homeowners Risk Being Underinsured for Detached Structures
AI-based analysis reveals nearly half of U.S. properties have overlooked secondary structures, highlighting risks for homeowners and insurers alike.
December 19, 2024
Property
Risk Management
Technology
Underwriting
California
Georgia
Montana
North Carolina
Rhode Island
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
Oregon Regulator to Probe PacifiCorp’s Liability Limit Request After Wildfires
Oregon’s utility regulator initiates an investigation into PacifiCorp’s request to limit future wildfire-related lawsuit liabilities, delaying the decision by up to nine months.
December 28, 2023
Catastrophe
Legislation & Regulation
Liability
Risk Management
California
Idaho
Oregon
Utah
Washington
Wyoming Legislators Debate Drone Trespassing Bill Which Could Hamper Property Inspections
There was no resolution Friday for a bill that would make trespassing by drone a criminal offense in Wyoming, as the legislature’s Senate Judiciary Committee paused its debate until Monday.
January 17, 2023
Legislation & Regulation
Property
Wyoming
Toyota’s Fuel Pump Recall Now Covers Nearly 6M Vehicles Worldwide
Toyota expanded a worldwide fuel pump recall to a total of 5.84 million vehicles for a defect that could cause the part to fail. In the United States, the total number of vehicles involved in this safety recall is now approximately 3.34 million vehicles.
October 30, 2020
Auto
Subrogation
Alabama
Alaska
Arizona
Arkansas
California
Multiple Industries To Be Affected By Nationwide Availability Of Flood Risk Scores
As Hurricane Laura bears down on the Gulf Coast, residents are preparing for what could be a historic storm surge.
August 26, 2020
Property
Alabama
Alaska
Arizona
Arkansas
California
15 Million U.S. Homes Are At Risk Of Flooding — 70% Higher Than FEMA Estimates
Think the risk of your home filling up with floodwater, magnified these days by climate change, is only an issue near the coasts and rivers? New research detailing nearly every corner of the U.S. shows otherwise.
June 29, 2020
Property
Alabama
Alaska
Arizona
Arkansas
California
Toyota Recalls 1.8 Million U.S. Vehicles For Fuel Pump Issue
Toyota Motor Corp (7203.T) said Wednesday it is now recalling 3.2 million vehicles worldwide to address a fuel pump issue that could result in engines stalling.
March 11, 2020
Auto
Subrogation
Alabama
Alaska
Arizona
Arkansas
California
Pileups Involving At Least 100 Vehicles Shut Down Wyoming Interstate
At least three people died in a wreck involving 80-100 vehicles Sunday on Interstate 80, while a second crash on I-80 involving at least 30-40 vehicles occurred around the same time, just four miles away.
March 2, 2020
Auto
Excess & Surplus Lines
Liability
Subrogation
Wyoming
RoadKill Season Has Arrived; Be Wary Of Animals
Ah, fall: That magical time of year for apple picking, foliage tours, pumpkin spice lat...AUUGHGHGH WHY IS THERE A DEER ON MY HOOD?!
October 21, 2019
Auto
Liability
Iowa
Michigan
Minnesota
Mississippi
Montana
Risk Aggregation A ‘Key Concern’ As Wildfire Severity Rises
Imagine 74 of the 75 largest cities in the United States going up in flames over the course of a few months. The loss would be astronomical.
October 10, 2019
Property
Risk Management
Arizona
California
Colorado
Idaho
Montana
The Bigger The Badder: 19 Major Hailstorms In US History
While your normal interaction with hail may be seeing unbelievable photos of it next to baseballs for comparison, hail storms can cost billions of dollars in damages every year. The worst year on record for hail damage in the US, 2017, cost $22 billion in damages.
October 4, 2019
Auto
Education & Training
Property
Colorado
Nebraska
Texas
Wyoming
Over 1.2 Million Nissan, Infiniti Models Recalled Over Backup Camera Issue
Once a luxury, backup cameras are now a federally mandated piece of technology in all new cars. As such, any quirks with the systems can lead to recall headaches, as Nissan and its luxury division Infiniti are now experiencing.
September 24, 2019
Auto
Subrogation
Alabama
Alaska
Arizona
Arkansas
California
