Power outages in Houston could last for weeks following a destructive storm with hurricane-force winds, leaving thousands without electricity amid soaring temperatures.
The latest State of Risk Report by Origami Risk highlights a concerning disparity between the confidence of risk professionals and their actual readiness to handle emerging and complex risks.
A jury in San Bernardino awards substantial damages to two sisters after their insurance company failed to adequately compensate them for flood damage.
Florida’s property/casualty insurance landscape begins to stabilize following significant legislative reforms and a calm hurricane season, despite ongoing challenges.
Recent legislative reforms and a mild hurricane season have contributed to the recovery of Florida’s property/casualty insurance market, yet challenges remain for premium costs.
As natural catastrophe losses escalate, Swiss Re emphasizes the use of data-driven insights to enhance global insurance access and climate risk management.
Chubb, the insurer for Baltimore’s Francis Scott Key Bridge, is set to pay out $350 million following the bridge’s catastrophic collapse, which resulted in significant economic and human losses.
Recent tornadoes in Nebraska, Iowa, and Oklahoma have caused significant damage, impacting over 7,000 properties and leading to extensive recovery efforts.