Insurance Industry Insurance Claims News

McKinsey: Farmers Turn to AI as Weather, Costs Strain Agriculture

McKinsey’s survey of 5,500 farmers finds extreme weather is a leading threat to farm profits in several markets, while growers facing tighter margins are delaying purchases and adopting AI for day-to-day decisions.

September 9 Catastrophe Insurance Industry Property Risk Management

New York Contractors Charged Over Alleged Workers’ Comp Insurance Fraud

Four contractors are accused of submitting fraudulent workers’ compensation insurance records while seeking Nassau County home improvement licenses. Separate labor enforcement cases have returned nearly $650,000 to 138 workers this year.

September 9 Fraud Insurance Industry Legislation & Regulation Workers' Compensation New York

TRIA Reauthorization Won’t Eliminate Terrorism Insurance Coverage Gaps

Congress is moving toward extending the federal terrorism insurance program through 2034, but certification requirements, cyber risks and exclusions in underlying policies could still determine whether losses are covered after an attack.

September 8 Catastrophe Insurance Industry Legislation & Regulation Property Technology

Extreme Drought Covers 44% of Puerto Rico as Water and Farm Losses Mount

Extreme drought covered 44% of Puerto Rico by late August after rainfall fell far below normal in parts of the territory. Water rationing, crop losses and dwindling hay supplies have accompanied local and federal disaster declarations.

September 8 Catastrophe Insurance Industry Property Risk Management

Connecticut Occupational Disease Reports Fall 18% as Prevention Guide Targets Workplace Risks

Connecticut workers’ compensation records logged 4,264 occupational disease reports in 2024, down 18% from the prior year, while the state’s broader occupational illness rate remained above the national rate. A new prevention guide focuses on ergonomics, infectious disease, chemical exposures and other workplace risks.

September 8 Education & Training Insurance Industry Risk Management Workers' Compensation Connecticut

Florida Aviation Crashes Put Liability and General Aviation Risk in Focus

A Boeing 767 cargo overrun in Miami left five people dead and could involve the aircraft operator, lessor and other parties, while a separate fatal general aviation crash near Titusville highlights a very different aviation loss exposure.

September 8 Insurance Industry Liability Property Risk Management Florida

$320 Million Bitcoin Exploit Hits Liquid Network

Purported white-hat hackers removed roughly 4,000 bitcoin from Liquid Network’s federation wallet, forcing the settlement network to halt new transactions. Blockstream attributed the incident to a software flaw rather than stolen private keys.

September 8 Insurance Industry Technology

Adjusters Say Disputed Claims Create a Workload That Never Goes Away

Adjusters discussing high-volume claims work say a small number of persistent disputes can consume time for weeks or months while new assignments continue arriving.

September 3 Education & Training Insurance Industry Risk Management

Swiss Re: AI Raises Cyber Risk as Large Companies Face Insurance Limit Gaps

Swiss Re projects global cyber premiums of $16.4 billion in 2026 while warning that ransomware, data breaches and growing digital dependence can produce losses beyond the limits purchased by some large companies.

September 3 Insurance Industry Risk Management Technology Underwriting

Hurricane Center Tracks 3 Tropical Waves as Atlantic Season Nears Peak

Former Tropical Storm Edouard continues to produce heavy rain and flooding in Texas while the National Hurricane Center monitors three tropical waves across the Atlantic. No hurricane is currently threatening Florida, though periods of heavy rain are expected.

September 3 Catastrophe Insurance Industry Property Risk Management Florida Texas