Posts by Y@DminG

The 2024 Atlantic hurricane season brought unprecedented changes to Florida’s insurance market. The impact of inclement weather has caused home and flood insurance rates to balloon over 400% in the last five years alone. Most recently, Hurricanes Helene and Milton … Source: Claims Journal

What emerging risks could electric vehicles present as they become more widespread? Verisk experts recently explored the current EV landscape and hypothesized what insurance concerns the vehicles could prompt in the future. During a webinar presentation, Greg Scoblete, a principal … Source: Claims Journal

U.S. auto safety regulators are probing two recent recalls by Ford Motor Co. as the carmaker struggles to contain quality lapses in its vehicles. The National Highway Traffic Safety Administration is investigating an April recall of more than 450,000 Bronco … Source: Claims Journal

Auto and property insurance shopping rose markedly in the third quarter of 2024, pushing carrier switches up 38% compared with last year, according to a report from TransUnion. Homeowners insurance shopping rose 19% and auto insurance shopping rose 16% respectively, … Source: Claims Journal

After ditching two-thirds of its office space and selling its Chicago headquarters, Allstate Corp. realized that even employees who prefer working remotely still need a place to gather with their coworkers from time to time. In the coming months, a … Source: Claims Journal

Meteorologists are forecasting a stormy pattern that could impact millions of people across U.S. this week with the threat of flooding, travel disruptions and the potential for the first accumulating snowfall of the season in some places. Flooding rainfall and … Source: Claims Journal

Flood damage-related economic losses totaled USD $51.6 billion in 2023, but research shows protective measures can substantially reduce losses, according to Swiss Re Institute. As losses are expected to increase due to more intense weather events and continued urban sprawl, … Source: Claims Journal

Mobile U.S. Inc.’s network was among those recently breached by Chinese hackers in an attack on multiple telecommunications companies. “T-Mobile is closely monitoring this industry-wide attack,” a company spokesperson said Saturday in an emailed statement. “We have not seen significant … Source: Claims Journal

The U.S. auto safety regulator said on Monday it had initiated a recall query into about 112,567 Ford SUVs over an issue with seat belt retractors. The National Highway Traffic Safety Administration said it had received three complaints, alleging an … Source: Claims Journal

Porsche Auto Insurance launched a new unlimited policy for owners of Porsche automobiles who drive more than 10,000 miles per year. The product is indended to complement to the original pay-per-mile policy offered by Porsche Auto Insurance by providing customers … Source: Claims Journal