damage News

Chances of a Weather-Roiling La Niña This Year Are Now Above 80%

The odds of a weather-roiling La Niña in the coming months are rising, elevating the risk of an unusually active Atlantic hurricane season. The chances of La Niña, a cooling of the equatorial Pacific, rose to 82% for August, September …

NFIP Pays $364M on Idalia Claims. Florida Bill Requires Flood Disclosure to Buyers

The National Flood Insurance Program has paid out $364 million on flood claims from Hurricane Idalia, the storm that swamped part of Florida in August. That’s a fraction of the $3.2 billion NFIP paid after Hurricane Ian, a much larger …

US Natural Gas Pipeline Accidents Pose Big, Unreported Climate Threat

Last October, an Idaho farmer using a backhoe punched a hole into a 22-inch pipeline buried under a field, sending more than 51 million cubic feet of natural gas hissing into the air. While the incident on Williams Companies’ Northwest …

Fidelity Investigations: A Comprehensive Guide to Successful Claims Outcomes (Part 2)

Editor’s note: This is the second of a two-part series. The first part of the story ran on Claims Journal on March 4. Throughout the fidelity claims handling process, issues or challenges may arise for which parties involved must reconcile. …

Latest Data Show Continued Increase in Electric Vehicle Collision Claims

The frequency of claims submitted for repairable electric vehicles rose to its highest level in 2023, ending the year at 1.97% in the U.S. and 2.86% in Canada, a new report shows. Technology and information provider Mitchell International Inc. issued …

From Idalia to Otis: The Hurricanes That Shaped 2023 and What’s Next

We recently brought together thought leaders from across Moody’s to talk with the media at our 2023 Hurricane Season Recap and 2024 Outlook briefing, to provide a range of perspectives from meteorology to market impact. We looked back at the …

Toyota Recalls 380,000 Trucks Over Axle Issue That Could Raise Risk of Crash

Toyota Motor said it is recalling about 380,000 trucks in the United States over an axle issue that could increase the risk of a crash. The recall covers 2022 and 2023 model year Tacoma vehicles because an axle shaft separation …

78% of Organizations Suffer Repeat Ransomware Attacks After Paying

Almost four in five (78%) of organizations who paid a ransom demand were hit by a second ransomware attack, often by the same threat actor, according to Cybereason’s Ransomware: The Cost to Business Study 2024. Nearly two-thirds (63%) of these …

Justice Department Looking Into Boeing Door Plug Blowout

The US Justice Department is scrutinizing the midair blowout last month of a Boeing Co. door plug on an Alaska Air flight, in a move that could expose the company to criminal prosecution, according to a person familiar with the …

UnitedHealth Hackers Say They Stole ‘Millions’ of Records, Then Delete Statement

In a message posted to, and then quickly deleted from their darknet site, the hackers blamed for striking the UnitedHealth Group said on Wednesday they stole millions of sensitive records, including medical insurance and health data, from the company. In …