The 2025 Climate and Catastrophe Insight Report by Aon highlights how hurricanes, severe storms, and global flooding pushed disaster losses to $368 billion in 2024, exposing critical insurance gaps.
Despite progress through legislative reforms, Louisiana’s insurance market remains burdened by high costs, litigation, and affordability issues, requiring ongoing attention.
The accelerating impacts of climate change, coupled with slow government response and human reluctance to prepare, are driving a homeowners insurance crisis in wildfire-prone states like California.
Severe storms from December 26–29, 2024, caused extensive tornado damage across 10 Southern states, generating over 2,700 insurance claims and highlighting a rising trend in extreme weather events.
As climate-driven disasters increase, nonrenewed home insurance policies are surging nationwide, impacting property values, mortgages, and economic stability in vulnerable communities.
The Senate Budget Committee attributes rising non-renewal rates to climate change, but insurance experts highlight other drivers like inflation, litigation, and overbuilding.
The North Carolina Supreme Court diverged from most courts, finding that COVID-19 shutdowns constituted direct physical loss for restaurants under certain insurance policies.
Sodium-ion batteries offer a more affordable and eco-friendly alternative to lithium-ion technology, with potential applications in energy storage despite size limitations.
Authorities have arrested a teenager linked to the Scattered Spider gang, accusing them of hacking financial and telecom firms and launching phishing campaigns targeting employees and customers.
The 2024 Atlantic hurricane season, marked by record Florida landfalls and extreme storm activity, ranks among the most impactful in recent history, Howden Re reports.
A Greensboro woman faces charges for allegedly filing a $49,000 claim for pre-existing damage to her late mother’s home, using her mother’s identity to obtain the policy.
The 2024 Atlantic hurricane season, ending with 18 named storms, saw record-breaking storms, including Hurricane Milton, which inflicted billions in insured losses across the U.S.
A North Carolina insurance agent faces embezzlement charges after allegedly taking premiums without securing policies, following a history of regulatory penalties and surrendered licenses.
As COP29 unfolds in a year of record-high temperatures, new research reveals accelerating climate effects, from supercharged storms and wildfire deaths to a slowing Atlantic current, raising concerns about a range of tipping points.