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Hurricane Milton's devastation in Florida is forecasted to trigger up to $60 billion in insured losses, with reinsurance rates expected to rise as the global insurance industry absorbs the impact.

ICEYE's initial data suggests that Hurricane Milton has caused damage to as many as, or more than, 150,000 buildings in Florida, a count that rivals Hurricane Helene's impact. Early loss estimates range from $15 billion to $40 billion.

Moody's reports that Hurricane Milton, which struck Florida as a Category 3 storm, will likely impact both primary insurers and reinsurers, with ceded losses increasing as total damages rise.

A 2024 federal appeals court ruling clarifies that employers can be held liable for harassment originating from personal social media posts that affect the workplace, emphasizing the need for clear guidelines.

A powerful tornado, part of Hurricane Milton's aftermath, caused significant damage in Palm Beach Gardens, Florida, including launching an industrial dumpster onto a home's roof.

Generative AI has the potential to revolutionize the insurance industry by streamlining operations, enhancing customer service, and improving risk management. However, insurers must address ethical, regulatory, and data challenges to fully unlock its benefits.

Hurricane Milton brought intense winds, widespread destruction, and left millions without power in Florida. While storm surge impacts were less severe than anticipated, damage to homes, power lines, and infrastructure is widespread.

After Hurricane Milton weakened before landfall, investors in catastrophe bonds are facing losses well below earlier estimates, with single-digit hits predicted instead of the feared 15%.

A proposed class action accuses Sterling Mets, L.P., the company behind Citi Field, of illegally collecting and sharing visitors' biometric data using facial recognition technology, violating New York City's biometrics law.

Hurricane Helene, a Category 4 storm, caused catastrophic flooding and destruction from Florida's coast to the Southern Appalachians. Research shows climate change intensified its rainfall, winds, and flooding risks.