The pilot of a skydiving team encountered mechanical issues that prompted an emergency landing at a small New Jersey airport but could not get the plane stopped at the end of the runway, the company said in a statement Thursday. …
New Jersey Skydiving Company Says Plane Went Off Runway Read More »
Before dawn Friday morning, city manager Dalton Rice went for a jog along the Guadalupe River in Kerrville, Texas. He finished his run around 4 a.m. as a light rain set in. An hour later, he began receiving emergency calls: …
Deadly Floods Reinforce Texas’ Challenge as Crisis Epicenter Read More »
Insurance professional across the country know how to adapt. From rising catastrophic weather events to shifting carrier appetites and increased regulatory and legal complexity, today’s market is putting more pressure–and more work–on leaders nationwide. To stay ahead, many agencies are …
In an era where billion-dollar disasters are becoming the norm, one truth stands above the wreckage: strong building codes save buildings–and lives. Yet despite mounting risks, the U.S. remains caught in a paradox. We have the knowledge and tools to …
Life-Saving Building Codes Are the Unsung Heroes of Resilience Read More »
By Ezra Amacher The first three months of 2025 brought devastating wildfires to California, significant wind and hail events to Texas, and substantial increases in tornado activity to “Tornado Alley,” but claim volume decreased to a five-year low, according to …
Verisk: Q1 Claims Volume Hits 5-Year Low but Severity Up on Wildfire Losses Read More »
By Allen Laman When Michael Balarezo emerged from the basement office of his Boulder, Colorado, home in December 2021, smoke plumes from the nearby Marshall Fire were visible from his driveway. Balarezo, his wife, and daughter swiftly stowed emergency clothing, …
Wildfire Experience Inspires New Contents Claims Insurtech Read More »
When was the last time you watched someone’s eyes light up when you mentioned policy exclusions, aggregate limits, or automated underwriting? Here’s the thing–insurance is fundamentally about stories. Every policy represents a narrative of protection, and every risk assessment predicts …
By Chad Hemenway A proposed decade-long moratorium on state regulation of artificial intelligence has gained the attention of many, including those within the insurance industry. The 10-year prohibition of AI regulation is contained within the sweeping tax bill, “One Big …
By Andrew G. Simpson The state-created captive insurer handling Connecticut homeowners’ claims for crumbling foundations is in line for another $100 million in bond funding in the biennial budget now awaiting Gov. Ned Lamont’s approval. Lawmakers are promising $25 million …
Connecticut Crumbling Foundation Insurer Seeks $100 Million Read More »
A New York specialty insurance managing underwriter for contractors and construction risks has sued a New York City personal injury law firm and dozens of medical providers, alleging a wide-ranging scheme to defraud insurers through staged construction accidents and fraudulent …
Racketeering Suit Alleges NY Insurance Fraud Scheme by Lawyers, Medical Providers Read More »
