How Large Language Models Are Transforming Catastrophe Risk Modeling
Large language models are reshaping catastrophe modeling by integrating real-time unstructured data, enabling insurers to shift from reactive assessment to proactive mitigation.
August 26
Catastrophe
Property
Risk Management
Technology
California
Key Loss Adjusting Trends Shaping Property Claims in 2025
Sedgwick’s 2025 Loss Adjusting Insights Report explores the top nine trends—from tariffs and tech to legislation and climate change—reshaping property claims today.
August 25
Catastrophe
Legislation & Regulation
Property
Technology
California
Florida
Hawaii
Illinois
Iowa
Camaro ZL1 Becomes Top Target for Thieves as Muscle Car Thefts Surge
Chevrolet Camaro ZL1 tops latest HLDI rankings for whole-vehicle thefts, with theft rates nearly 40 times the average; Hyundai and Kia see results from anti-theft software.
August 20
Auto
Property
Risk Management
Technology
California
Maryland
Mississippi
Tennessee
Texas
JPMorgan Must Defend Elder Fraud Arbitration Claim from Widow
A federal judge ruled that JPMorgan must face arbitration over claims it failed to prevent a widow’s son from stealing $8.4 million from her bank accounts after her husband’s death.
August 20
Fraud
Legislation & Regulation
Litigation
Risk Management
California
Florida
Massachusetts
New York
Record-Breaking Insured Losses in 2025 Highlight Growing Impact of U.S. Wildfires and Storms
The first half of 2025 brought $84 billion in insured catastrophe losses, driven by U.S. wildfires and severe convective storms, making it the costliest H1 since 2011.
August 14
Catastrophe
Insurance Industry
Property
Risk Management
California
Florida
New Jersey
New York
North Carolina
Columbia University Data Breach Impacts 870,000 People With Personal, Academic, and Financial Details Exposed
Columbia University reports a cyberattack compromising personal, academic, and financial data of nearly 870,000 individuals, with investigations and notifications ongoing.
August 11
Education & Training
Insurance Industry
Risk Management
Technology
California
Maine
California Defense Firm and Investor Settle Cybersecurity Violations for $1.75 Million
Aero Turbine and Gallant Capital will pay $1.75 million to resolve False Claims Act allegations tied to cybersecurity failures in an Air Force contract from 2018 to 2020.
August 5
Insurance Industry
Litigation
Risk Management
Technology
California
What Golden Retrievers Are Teaching Us About Wildfire Smoke Exposure
A new study on golden retrievers reveals how wildfire smoke impacts pet and human health, with implications for insurance costs, coverage, and long-term risk management.
August 5
Insurance Industry
Life & Health
Property
Risk Management
California
Colorado
Oregon
California FAIR Plan Faces Legal Action Over Alleged Smoke Damage Claim Denials
California’s insurance commissioner accuses the FAIR Plan of violating claims laws and misleading regulators over wildfire smoke damage coverage, sparking a rare enforcement case.
August 4
Catastrophe
Legislation & Regulation
Litigation
Property
California
Colorado
Former Insurance Agent Accused of Defrauding Clients in Fake Marijuana Investment Scheme
A former insurance agent in California has been charged with stealing over $1.8 million from clients in a fraudulent cannabis investment scheme called ‘House of Green.’
August 1
Fraud
Insurance Industry
Legislation & Regulation
Litigation
California
Rising Litigation Costs and Tort Reform Momentum Shape Liability Claims in 2025
Tort reform efforts in states like Georgia and Florida are reshaping the liability claims landscape in 2025, as litigation costs soar and attorney involvement rises rapidly.
August 1
Insurance Industry
Legislation & Regulation
Liability
Litigation
California
Delaware
Florida
Georgia
Louisiana
US Natural Disasters Push Insured Losses to $80 Billion in First Half of 2025
Munich Re reports $80B in insured losses globally for H1 2025, largely due to record-setting wildfires in Los Angeles and widespread US storm activity earlier this year.
July 29
Catastrophe
Insurance Industry
Property
Risk Management
California
Record Catastrophe Losses Continue into 2025 as Wildfires and Storms Surge
Willis reports that 2025 is on track to exceed $100 billion in insured catastrophe losses for the seventh consecutive year, with wildfires and storms driving early-year impacts.
July 29
Catastrophe
Insurance Industry
Property
Risk Management
California
Insurers Refuse to Cover Meta in Lawsuits Over Alleged Social Media Addiction
Meta is locked in a legal dispute with insurers including Hartford and Chubb, who argue they’re not obligated to cover defense costs tied to social media addiction claims.
July 28
Insurance Industry
Liability
Litigation
Technology
California
Delaware
NYC Taxis Use Surveillance Technology to Fight Back Against Insurance Fraud
With taxi fraud costing NYC $1 billion annually, a new initiative is equipping cabs with surveillance cameras to deter scams and lower costs for drivers and insurers.
July 25
Auto
Fraud
Insurance Industry
Technology
California
New York
