Natural Disasters Caused $368 Billion in Damage Last Year, Aon Report Reveals

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.
January 29 Catastrophe Insurance Industry Property Risk Management Florida Georgia North Carolina South Carolina Tennessee

Reforms in Louisiana Strive to Mend Insurance Market Challenges

Despite progress through legislative reforms, Louisiana’s insurance market remains burdened by high costs, litigation, and affordability issues, requiring ongoing attention.
January 22 Auto Legislation & Regulation Litigation Property Florida Georgia Louisiana North Carolina

Rising Risks in Homeowners Insurance Demand Swift Action

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.
January 14 Catastrophe Legislation & Regulation Property Risk Management California Colorado Florida Hawaii Louisiana

Year-End Tornadoes Spark Surge in Insurance Claims Across Southern States

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.
January 6 Catastrophe Insurance Industry Property Risk Management Alabama Mississippi North Carolina South Carolina Texas

Rising Home Insurance Nonrenewals Reshape Housing Market Across the U.S.

As climate-driven disasters increase, nonrenewed home insurance policies are surging nationwide, impacting property values, mortgages, and economic stability in vulnerable communities.
December 30, 2024 Catastrophe Legislation & Regulation Property Risk Management Alabama California Colorado Connecticut Florida

Senate Report Blames Climate Change for Insurance Challenges as Industry Pushes Back

The Senate Budget Committee attributes rising non-renewal rates to climate change, but insurance experts highlight other drivers like inflation, litigation, and overbuilding.
December 19, 2024 Catastrophe Legislation & Regulation Property Risk Management California Florida Hawaii Louisiana Massachusetts

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

NC Supreme Court Rules COVID Shutdowns Caused Physical Loss for Restaurants

The North Carolina Supreme Court diverged from most courts, finding that COVID-19 shutdowns constituted direct physical loss for restaurants under certain insurance policies.
December 18, 2024 Insurance Industry Legislation & Regulation Litigation Property New Hampshire North Carolina

Sodium-Ion Batteries: A New Player in Energy Storage

Sodium-ion batteries offer a more affordable and eco-friendly alternative to lithium-ion technology, with potential applications in energy storage despite size limitations.
December 10, 2024 Property Risk Management Technology North Carolina

Teen Arrested in Scattered Spider Cybercrime Case Linked to Telecom and Crypto Hacks

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.
December 9, 2024 Fraud Litigation Risk Management Technology Florida North Carolina Texas

Florida Matches Record Hurricane Landfalls in 2024, Reports Howden Re

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.
December 5, 2024 Catastrophe Property Risk Management Technology Florida North Carolina Tennessee

North Carolina Woman Charged with Filing False Insurance Claim

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.
December 3, 2024 Fraud Insurance Industry Litigation Property North Carolina

Record-Breaking 2024 Hurricane Season Ends with $50 Billion in Insured Losses

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.
December 2, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia Louisiana North Carolina South Carolina

North Carolina Insurance Agent Faces Charges for Forgery and Embezzlement

A North Carolina insurance agent faces embezzlement charges after allegedly taking premiums without securing policies, following a history of regulatory penalties and surrendered licenses.
November 14, 2024 Fraud Insurance Industry Legislation & Regulation Liability North Carolina

New Climate Research Reveals Worsening Global Conditions in 2024

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.
November 14, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida North Carolina
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