Hurricane Debby Threatens to Flood U.S. East After Hitting Florida August 5, 2024 By Brian K. Sullivan Hurricane Debby threatens to unleash days of heavy rain and flooding on the US East Coast after slamming into Florida...
Billions in Damages From CrowdStrike Outage to Go Uninsured August 5, 2024 By Evan Gorelick The vast majority of damages from last month’s CrowdStrike Holdings Inc.’s global IT outage will go uninsured, according to new...
California Wildfire Now State’s Fourth Largest on Record, 540 Structures Destroyed August 2, 2024 Firefighters have increased containment on the Park Fire near Chico, California, which at 621-square-miles as of Friday is now the...
Allianz: $15B in Aviation Insurance Claims Dominated by Crashes and Collisions August 2, 2024 An analysis of 32,000 aviation industry claims over five years shows crashes and collisions account for well over half the...
Claim on Seized Hemp Shipment Barred, Showing Trickiness of Coverage August 2, 2024 By William Rabb International treaties preempt state-based legal actions, giving an air transport company an escape from claims on what a hemp producer...
Understanding Complexities of HVAC Damage After a Hurricane is Crucial for Claims Adjusters August 2, 2024 By Jason Rankin Hurricane-induced damage to properties is a significant concern for residential and commercial structures alike, particularly for heating, ventilation and air...
Hurricane Would Blow Through Florida Cat Fund’s Reserves. But That May be OK, Report Says August 1, 2024 By William Rabb A report from Moody’s Ratings service contends that one good hurricane this year could wipe out the Florida Cat Fund’s...
CrowdStrike Sued by Shareholders Over Huge Software Outage August 1, 2024 By Jonathan Stempel CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing...
Moody’s Eyes Downstream Impact of CrowdStrike Disruption on Cyber Insurance July 31, 2024 Most losses from the CrowdStrike outage will be business interruption, a primary contributor to losses from cyber incidents—and because the...
AM Best: Migration to Cat-Prone States Fueled Record HO Underwriting Losses in 2023 July 31, 2024 The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in...