risk News

Alert for Contractors, Builders Insurers: Construction Defect Lawsuits Likely to Rise

A new report identifying commercial litigation waves likely to pick up steam in 2025 highlights one particular theme that could further lengthen the tail of general liability claims for insurers writing policies for contractors and builders. The 2025 “Commercial Litigation …

Airlines Face Overflight Payment Risks as Planes Divert Over Afghanistan

Airlines are turning to a network of third parties to pay fees to Afghan authorities as more planes use the country’s airspace, increasing the risk of legal disputes and money laundering, according to pilots, aviation executives and lawyers. In the …

Powerful Storm Unleashes Rain, Snow and Wind From Texas to Maine

A powerful late-winter storm is battering the central and eastern U.S. with heavy rain, snow and wind, canceling hundreds of flights and leaving more than 400,000 homes and businesses without power. The storm hit parts of Texas with nickel-sized hail …

Verisk Webinar Highlights Emerging Psychoactive Substance Risks

As public perception and the legality of cannabis and other novel psychoactive substances continue to evolve, what emerging risks and litigation should insurance professionals keep an eye on? Last week, Verisk Analytics hosted a webinar to answer those questions and …

Critical Fire Conditions to Grip Texas’ Oil-Rich Permian Basin

Critical to extreme fire conditions are expected to affect more than 2.7 million people across the Southwest, lower Great Plains and Texas, including the oil-rich Permian Basin. A large low-pressure system is forecast to move across the central Great Plains, …

ZestyAI: More Than $2 Trillion in US Homes at High Risk of Wildfires

While Western wildfires have dominated disaster news for decades, new analysis using artificial intelligence shows millions of homes across the country—even in the swampy Southeast—are at risk for wildfires. New data analysis from ZestyAI found that $2.15 trillion worth of …

How Better Water Systems Can Help a City Survive The Next Firestorm

Santa Rosa. Paradise. Boulder County. Lahaina. Los Angeles. All are places that have shown that American cities and their water systems weren’t built to withstand wildfire, experts say. Related: California Wildfire Mitigation And Recovery Bill Package Introduced Hydrants trickled. Pumps …

Newsom Wants to Speed up Delayed Rule to Make California Homes More Fire Resistant

As Los Angeles reels from deadly January wildfires that destroyed thousands of homes, California Gov. Gavin Newsom signed an order last week directing the state to advance long-delayed regulations requiring homeowners in high-risk areas to clear combustible materials around their …

Super Bowl Security Tightens After New Orleans Terrorist Attack

Federal law enforcement agencies are rolling out one of the most extensive Super Bowl security operations in recent history, following the deadly New Year’s Day terrorist attack in New Orleans. The heightened measures come as an estimated 125,000 visitors prepare …

Risk Matters: Cyber Risk and AI – The Changing Landscape

In today’s world of interconnected computer-based information systems, cyber risk has become one of the critical risk factors impacting organizations. Indeed, several studies have shown that cyber risk (for exmaple, the probability of being the victim of a successful cyber-attack) …