Catastrophe News / Claims Pages / Page 2

Insurance Industry Debates the Reliability and Future of Catastrophe Modeling

As natural disasters continue to increase insurance losses, industry leaders question the current reliance on catastrophe models for risk assessment.

April 15 Insurance Business Catastrophe Insurance Industry Risk Management Technology

Homeowners Insurance Costs Skyrocket Unnoticed by Official Inflation Figures

Homeowners insurance rates have surged by 50% since 2019, exacerbating the financial burden on homeowners, yet this rise is missing from CPI calculations.

April 15 Axios Catastrophe Insurance Industry Property Risk Management

CSU Predicts Record-Breaking Atlantic Hurricane Season for 2024

Colorado State University’s researchers forecast a significantly active 2024 Atlantic hurricane season, citing unusually warm ocean temperatures and potential La Niña conditions.

April 8 Colorado State University Catastrophe Insurance Industry Property Risk Management Florida

Damaging Storms Sweep Across the Heartland, Leaving Destruction and Power Outages

The latest storms bring a wave of destruction through the heartland, with the Ohio Valley suffering severe damage, power outages, and injuries.

April 5 NY Post Catastrophe Property Risk Management Alabama Georgia Illinois Indiana Kentucky

Tackling the Rising Threat of Snow Melt Flooding

With snow melt floods posing a growing threat in the U.S., insurance experts highlight the importance of adequate coverage and mitigation strategies.

April 3 Carrier Management Catastrophe Insurance Industry Property Risk Management Arkansas California Illinois Iowa Kentucky

Flood Insurance Discount Cuts by FEMA Stir Up Concerns in Florida

Nearly 18 months post-Hurricane Ian, FEMA’s plans to cut flood insurance discounts worry homeowners and officials in Florida.

April 3 Insurance Business Catastrophe Legislation & Regulation Property Risk Management Florida

Massive Storm System Unleashes Severe Weather Across the US, Causing Damage and Outages

A significant storm system brings widespread damage, power outages, and severe weather threats to millions across the central and eastern United States.

April 2 USA Today Catastrophe Property Illinois Indiana Kentucky Michigan Missouri

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 Insurify Catastrophe Legislation & Regulation Property Connecticut Florida Illinois Louisiana Maine

Solar Sector Struggles with Soaring Hail Damage Claims Amid Climate Challenges

Record solar installations face unprecedented hailstorm damage, challenging insurers and the renewable energy sector.

April 1 Risk & Insurance Catastrophe Technology

Adjusters Discuss Strategies and Frustrations with Roof Claims

Claims adjusters express challenges with roof damage claims, share strategies for dealing with contractors, and navigate industry changes.

March 29 Reddit Catastrophe Insurance Industry Property Technology

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 Accuweather Catastrophe Insurance Industry Risk Management Technology Florida North Carolina South Carolina Texas

Baltimore Bridge Collapse May Set Record for Marine Insurance Losses, Lloyd’s of London Chairs Warn

Lloyd’s of London anticipates the Francis Scott Key bridge collapse to potentially become the most significant marine insurance loss in history.

March 28 Business Insider Catastrophe Insurance Industry Marine Risk Management Maryland

U.S. Property and Casualty Insurers Shift Focus to Predict and Prevent Strategy Amid Rising Underwriting Losses

Facing a $38 billion underwriting loss and increased natural catastrophe damages, insurers explore predictive and preventive measures for sustainability.

March 28 Carrier Management Catastrophe Insurance Industry Risk Management Technology

2023 Reflects a New Norm in Natural Catastrophe Insurance Losses

In 2023, natural disasters led to over $108 billion in insured losses, marking the fourth consecutive year above $100 billion, with severe convective storms hitting a record high.

March 26 Swiss Re Catastrophe Property Risk Management Technology California Florida Louisiana

Major East Coast Bridge Collapses After Collision with Cargo Ship, Triggers Extensive Search and Rescue Operation

The collapse of the Francis Scott Key Bridge, after being struck by a cargo ship, has led to a significant emergency operation and concerns over East Coast shipping logistics.

March 26 USA Today Catastrophe Marine Risk Management Technology Maryland