Citizens, Florida’s insurer of last resort, plans to transfer approximately 76,000 policies to private insurers this month, as part of its broader strategy to reduce policy count and address solvency concerns.
  January 29   Insurance Business Insurance Industry Legislation & Regulation Property Florida

Amazon’s Neighbors app discontinues its Request for Assistance tool, restricting police video access, while introducing new features to foster greater community connection and sharing.
  January 26   Amazon Catastrophe Property Risk Management Technology

A new report emphasizes the urgent need for community facilities like schools and churches to be ready as shelters during severe weather events, highlighting the potential impacts on services and community trust.
  January 26   CLM Catastrophe Liability Property

A court’s decision to uphold an insurer’s claim denial for roof damage caused by turkey vultures highlights the complexities in defining ’infestation’ for insurance purposes.
  January 25   Claims Journal Litigation Property Weird Maryland Pennsylvania

In 2023, a record number of natural disasters, driven by severe earthquakes and storms, led to unprecedented economic and insured losses, highlighting the urgency for improved global resilience.
  January 25   Aon Catastrophe Property Risk Management

Florida faces a potential real estate downturn as home insurance premiums skyrocket, making mortgages increasingly difficult to obtain.
  January 24   Live Insurance News Catastrophe Legislation & Regulation Property Florida

A crew member’s nap and an unactivated bridge alarm led to the Tara Lynn II fishing vessel crashing onto rocks amid a storm on the Maine coast.
  January 24   U.S. News Marine Property Maine

Equip yourself with insights to understand the volatile homeowner insurance market in 2024, leveraging technology for affordable and comprehensive coverage.
  January 24   Live Insurance News Legislation & Regulation Property Risk Management Technology

Rufis Jefferson pleads guilty to multiple felonies in a calculated arson-for-hire scheme, aiming to defraud insurance companies through deliberately set fires.
  January 23   FOX2 Fraud Insurance Industry Litigation Property Illinois Missouri

McClenny, Moseley & Associates, a Texas law firm, is ordered to pay over $10 million for fraudulent activities related to hurricane insurance claims.
  January 23   Insurance Business Catastrophe Fraud Litigation Property Louisiana Texas

Florida aims to bolster its hurricane catastrophe fund by borrowing up to $3.8 billion through municipal bonds to support property insurers against hurricane losses.
  January 23   Insurance Business Catastrophe Insurance Industry Legislation & Regulation Property Florida

In a move to streamline disaster relief, FEMA is set to introduce faster fund access, broader repair eligibility, and an easier application process for disaster survivors.
  January 22   FEMA.gov Catastrophe Legislation & Regulation Property Risk Management

Timothy Daryle Sletten receives a 21-month prison sentence for defrauding State Farm Insurance through fraudulent property damage claims in Iowa.
  January 19   Insurance Journal Fraud Litigation Property Iowa

A new Florida Senate bill aims to transform Citizens Property Insurance Corp, focusing on high-value homes and removing premium caps.
  January 17   Insurance Journal Insurance Industry Legislation & Regulation Property Risk Management Florida

A severe winter storm brings a spate of dangerous avalanches, resulting in fatalities and heightened risks in the western U.S. during the long Martin Luther King Jr. Day weekend.
  January 16   Insurance Journal Catastrophe Insurance Industry Property Risk Management California Idaho

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