In 2023, natural disasters led to over $108 billion in insured losses, marking the fourth consecutive year above $100 billion, with severe convective storms hitting a record high.
March 26
Swiss Re
Catastrophe
Property
Risk Management
Technology
California
Florida
Louisiana
A motorcyclist’s accident benefits claim was denied by the Ontario LAT, ruling he should have known his insurance obtained through dubious means was not valid.
March 26
Canadian Underwriter
Auto
Fraud
Insurance Industry
Legislation & Regulation
Industry experts emphasize the importance of individual security measures and strategic risk management to mitigate systemic cyber threats impacting the insurance market.
March 26
Carrier Management
Insurance Industry
Risk Management
Technology
In a landmark decision, the North Carolina Supreme Court rules against covering weight-loss surgery under workers’ compensation for a preschool employee.
March 26
Business Insurance
Insurance Industry
Legislation & Regulation
Life & Health
Workers' Compensation
North Carolina
Representatives Taylor introduces two bills in Louisiana aiming to modify the landscape of workers’ compensation claims and presumptions.
March 26
Louisiana House
Insurance Industry
Legislation & Regulation
Life & Health
Workers' Compensation
Louisiana
John W. Oxendine, former Georgia Insurance Commissioner, admits to conspiracy in a fraudulent medical testing scheme, facing sentencing in July.
March 26
FOX 5 Atlanta
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Georgia
In a legal settlement with a Black couple, mortgage lender loanDepot commits to policy changes after accusations of racially biased appraisal practices.
March 26
Insurance Journal
Insurance Industry
Legislation & Regulation
Litigation
Property
Maryland
AI is transforming insurance through on-demand policies, embedded coverage, personalized underwriting, and enhanced fraud detection, setting new standards for efficiency and security.
March 26
Insurance Thought Leadership
Fraud
Technology
Underwriting
The Washington Supreme Court’s recent decision clarifies that all-risk policies cover damages caused by a covered peril, even if initiated by an excluded peril like faulty workmanship.
March 26
CLM
Insurance Industry
Legislation & Regulation
Litigation
Property
Washington
The collapse of the Francis Scott Key Bridge, after being struck by a cargo ship, has led to a significant emergency operation and concerns over East Coast shipping logistics.
March 26
USA Today
Catastrophe
Marine
Risk Management
Technology
Maryland
A new survey shows a significant shift towards AI in the P/C insurance sector, despite ongoing challenges with algorithmic bias.
March 25
Carrier Management
Insurance Industry
Technology
Underwriting
Colorado
A compounding pharmacy fraud scheme in Alabama involving kickbacks for unnecessary medical services results in prison sentences and hefty restitution orders.
March 25
Insurance Journal
Fraud
Legislation & Regulation
Life & Health
Workers' Compensation
Alabama
Following a significant cyberattack, Change Healthcare resumes services, aiming to process over $14 billion in claims, with UnitedHealth Group supporting impacted healthcare providers.
March 25
PYMNTS
Insurance Industry
Risk Management
Technology
The European Commission investigates Alphabet, Apple, and Meta for insufficient compliance measures under the Digital Markets Act, signaling a major regulatory crackdown.
March 25
Android Authority
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Amid challenges, Professional Employer Organizations (PEOs) emerge as a critical ally for small to medium businesses, blending compliance, HR, and workers’ comp solutions.
March 25
Risk & Insurance
Legislation & Regulation
Risk Management
Technology
Workers' Compensation
California
Florida
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Kansas
Missouri
Oklahoma
Fire Investigations