New Jersey Implements Flood Risk Disclosure Law for Real Estate Transactions
Starting March 20, New Jersey’s new law mandates flood history and risk disclosures for all real estate transactions, enhancing transparency and preparedness.
March 20, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
New Jersey
How Property and Casualty Insurers Can Boost Profits with AI in 2024
As P&C insurers navigate inflation and climate challenges, strategic AI adoption, including computer vision and LLMs, offers a path to enhanced profitability.
March 19, 2024
Property
Risk Management
Technology
Underwriting
IIHS Introduces New Ratings for Partial Driving Automation: Majority Fail to Make the Grade
A new safety evaluation by IIHS reveals only one out of 14 partial driving automation systems meets "acceptable" standards, prompting calls for improvement.
March 19, 2024
Auto
Insurance Industry
Technology
Navigating Climate Change: A Strategic Imperative for Life and Health Insurers
As climate change reshapes health risks, life and health insurers must adapt, focusing on strategic decisions to align with long-term health outcomes.
March 19, 2024
Catastrophe
Life & Health
Risk Management
Technology
Oregon Supreme Court Overturns Ruling on $20 Million Subrogation Claim Due to Lack of Clear Waiver
In a pivotal decision, Oregon’s Supreme Court reversed lower courts, emphasizing the need for clear, unequivocal language in tort liability waivers within contracts.
March 19, 2024
Insurance Industry
Legislation & Regulation
Litigation
Subrogation
Oregon
Fentanyl’s Impact on Road Safety: A Growing Concern for America’s Highways
As the opioid epidemic escalates, fentanyl’s presence in fatal road accidents underscores a critical public health issue.
March 18, 2024
Auto
Catastrophe
Legislation & Regulation
Risk Management
California
Delaware
Maryland
New Hampshire
New Mexico
Apple Settles Class Action Lawsuit for $490 Million Over Misleading iPhone Sales Statements
Apple resolves a lawsuit alleging misleading comments by CEO Tim Cook on iPhone sales in China, agreeing to a $490 million settlement.
March 18, 2024
Legislation & Regulation
Litigation
Technology
Embracing AI in Insurance: BriteCo’s Journey with Emma and Beyond
BriteCo leverages AI to enhance customer service and explore new business opportunities, signaling a transformative era in insurance.
March 18, 2024
Insurance Industry
Technology
Expanding Role of Advanced Practice Registered Nurses Raises New Liability Concerns
Nurse practitioners and other APRNs face growing professional liability risks as their roles expand in health care.
March 18, 2024
Insurance Industry
Liability
Life & Health
Risk Management
Rising Insurance Premiums Linked to Vehicle Telematics Spark Privacy Concerns and Legal Action
Vehicle telematics and data tracking lead to higher insurance premiums for some drivers, raising significant privacy and consumer law concerns.
March 18, 2024
Auto
Legislation & Regulation
Technology
Massachusetts
Rising Auto Premiums Linked to Natural Disasters, Inflation, and Social Factors
Auto insurance premiums are climbing due to labor/material costs, natural disasters, and social inflation, with industry challenges sparking rate hikes.
March 18, 2024
Auto
Catastrophe
Risk Management
Technology
California
Florida
Record-High Sea Surface Temperatures Alarm Ocean Scientists Globally
Ocean temperatures have surged to unprecedented levels for over a year, alarming scientists about potential long-term ecological and meteorological impacts.
March 15, 2024
Catastrophe
Marine
Risk Management
Houston Fraud Scheme Uncovered: Over $433,000 in False Insurance Claims
A Houston woman and her accomplice face charges for using stolen identities to file fraudulent insurance claims totaling over $433,000.
March 15, 2024
Auto
Fraud
Litigation
Texas
Massachusetts Couple Charged in Fraud Schemes Targeting Insurance and Federal Loan Programs
A Massachusetts couple faces charges for defrauding workers’ compensation insurers, the SBA, and their mortgage lender, potentially leading to decades in prison.
March 15, 2024
Fraud
Insurance Industry
Litigation
Workers' Compensation
Massachusetts
Massachusetts Beach Community Faces Setback as Storm Washes Away Newly Added Sand
A recent storm in Salisbury, Massachusetts, has undone efforts to fortify the beach, washing away $600,000 in sand, despite community-led dune replenishment initiatives.
March 15, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Massachusetts
New Jersey
