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State Farm Releases Illinois Weather Data Showing 50,000 Catastrophe Claims Amid Rate Dispute

State Farm Releases Illinois Weather Data Showing 50,000 Catastrophe Claims Amid Rate Dispute

State Farm says Illinois homeowners filed 50,000 severe weather claims through mid-June as tornadoes and hail continue driving losses. The new data adds context to the insurer's ongoing dispute with Illinois regulators over homeowners insurance rates.
July 6 Catastrophe Insurance Industry Legislation & Regulation Property Underwriting Illinois

Strong El Niño Forecast Signals Higher Weather Loss Risks for Insurers

Strong El Niño Forecast Signals Higher Weather Loss Risks for Insurers

The World Meteorological Organization says confidence is growing that a strong El Niño will develop, increasing the likelihood of extreme weather, record temperatures, and catastrophe-related insurance claims through 2026 and into 2027.
July 6 Catastrophe Property Risk Management

Heat Dome to Bring Dangerous Triple Digit Heat Across Much of the U.S.

Heat Dome to Bring Dangerous Triple Digit Heat Across Much of the U.S.

Triple digit heat, wildfire conditions, severe storms, and a tropical disturbance are creating multiple exposures for insurers and claims professionals as millions of Americans face dangerous weather during the holiday week.
June 30 Catastrophe Property Risk Management Workers' Compensation

Venezuela Earthquake Raises Questions Over Insurance and Parametric Coverage

Venezuela Earthquake Raises Questions Over Insurance and Parametric Coverage

A magnitude 7.5 earthquake struck near Caracas after a strong foreshock, prompting warnings of widespread casualties, major economic damage, and uncertainty over insured losses and parametric coverage.
June 25 Catastrophe Property Risk Management

Could a Hurricane Impact the World Cup? History Shows the Risk for Host Cities

Could a Hurricane Impact the World Cup? History Shows the Risk for Host Cities

Historical hurricane data shows tropical storm threats remain relatively low during the World Cup, but several host cities have experienced damaging storms, flooding, and infrastructure losses during June and July.
June 24 Catastrophe Insurance Industry Property Risk Management California Florida Georgia Massachusetts Missouri

Roof Replacement Cycles Shrink as Climate Conditions Increase Property Claims Exposure

Roof Replacement Cycles Shrink as Climate Conditions Increase Property Claims Exposure

New Nearmap research finds that heat, humidity, temperature swings and heavier rainfall are accelerating roof deterioration, increasing replacement frequency and creating new challenges for insurers and claims professionals.
June 24 Catastrophe Insurance Industry Property Risk Management Technology

Verisk: U.S. Property and Casualty Industry Combined Ratio Improves to 92.4%

Verisk: U.S. Property and Casualty Industry Combined Ratio Improves to 92.4%

Improved personal auto results and lower catastrophe losses helped U.S. property and casualty insurers return to strong underwriting profitability. Claims severity and litigation-related costs remain significant concerns for carriers.
June 23 Auto Catastrophe Insurance Industry Legislation & Regulation Litigation

Chesapeake Bay Residents Brace for Severe Thunderstorms, Flooding and Power Outages

Chesapeake Bay Residents Brace for Severe Thunderstorms, Flooding and Power Outages

Extreme heat, damaging winds, power outages and flash flooding are becoming familiar parts of summer across Maryland's Chesapeake Bay region. Residents and property owners are weighing the cost of preparedness against increasing weather risks.
June 22 Catastrophe Property Risk Management Maryland

What Claims Professionals Need to Know About the 2026 Hurricane Season

What Claims Professionals Need to Know About the 2026 Hurricane Season

Forecasters expect fewer Atlantic storms due to El Niño conditions, but growing property values, flood coverage gaps and elevated catastrophe exposure continue to challenge insurers, brokers and claims professionals.
June 22 Catastrophe Insurance Industry Property Risk Management Technology

How Saharan Dust Could Reduce Hurricane Formation Across the Atlantic Basin

How Saharan Dust Could Reduce Hurricane Formation Across the Atlantic Basin

A large plume of dry air and dust from Africa is reducing conditions favorable for tropical storm formation across the Atlantic, though hurricane risks remain as the season progresses.
June 22 Catastrophe Property Risk Management

Moody’s: US Uninsured Flood Losses Could Top $1 Trillion as Flood Protection Gap Widens

Moody’s: US Uninsured Flood Losses Could Top $1 Trillion as Flood Protection Gap Widens

A Moody's analysis found that uninsured residential flood losses could exceed $1 trillion in an extreme flood scenario, with most counties carrying significant protection gaps and growing exposure beyond FEMA flood maps.
June 22 Catastrophe Insurance Industry Property Risk Management Technology

79% of Global Data Center Capacity Faces Elevated Climate Risk

79% of Global Data Center Capacity Faces Elevated Climate Risk

As data center construction accelerates worldwide, new research finds that flood, heat, wildfire, wind, and drought exposures are becoming significant drivers of operating costs, insurance demand, and long-term asset performance.
June 22 Catastrophe Insurance Industry Property Risk Management Technology Virginia

Hypothetical Category 4 Hurricane Reveals Hawaii’s Catastrophic Risk Exposure

Hypothetical Category 4 Hurricane Reveals Hawaii’s Catastrophic Risk Exposure

A Hawaii weather team's simulation of a direct hurricane strike on Pearl Harbor highlights the potential for catastrophic wind damage, storm surge losses, and major challenges for emergency responders, insurers, and property owners.
June 19 Catastrophe Insurance Industry Property Risk Management Hawaii

NICB Warns of Contractor Fraud Following Illinois Tornado Surge as Storm Losses Rise

NICB Warns of Contractor Fraud Following Illinois Tornado Surge as Storm Losses Rise

Illinois has recorded 140 tornadoes in 2026, prompting the National Insurance Crime Bureau to warn residents about contractor fraud schemes that often emerge after major disasters. The alert comes as severe convective storm losses continue to generate tens of billions in insured claims annually.
June 19 Catastrophe Fraud Litigation Property Risk Management Illinois

Hurricane Center Raises Odds of First Tropical Storm Forming in Gulf

Hurricane Center Raises Odds of First Tropical Storm Forming in Gulf

The National Hurricane Center increased development odds for a disturbance expected to move into the Gulf, with flooding concerns growing for Texas, Louisiana, and Mississippi and tropical watches potentially needed this week.
June 15 Catastrophe Insurance Industry Property Risk Management Louisiana Mississippi Texas
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