Insurance defense attorneys on Wednesday urged the Texas Supreme Court to uphold the ‘plain language’ of a law passed in 2017 that they say precludes recovery of attorney fees in cases where the insurer pays the full amount of an appraisal.
  October 5, 2023   Claims Journal Litigation Property Texas

The exodus of some insurers from states badly affected by catastrophic climate-related events represents an opportunity for the carriers that remain, but comes with a need to understand the potential effect it has on customer perceptions, according to the J.D. Power 2023 U.S. Home Insurance Study.
  October 4, 2023   Insurance News Net Catastrophe Property Risk Management California Florida Louisiana

About 8 out of 10 business owners recently surveyed expressed worries that specific events or losses would have the potential to affect their firms despite their existing business insurance coverage. Life insurance and business owner policies tied as the top concerns.
  October 4, 2023   Insurance News Net Insurance Industry Risk Management Technology

New research highlights the urgency for insurance companies to shift from complex, costly legacy systems burdened with outdated technology to modern systems to remain competitive in the current market, according to a new report released by Info-Tech Research Group.
  October 4, 2023   Carrier Management Insurance Industry Risk Management Technology

Just two days before his criminal trial started this week in federal court in New York, FTX Trading founder Sam Bankman-Fried filed suit in federal court in California against his excess insurance company seeking payment of legal costs.
  October 4, 2023   Insurance Journal Excess & Surplus Lines Litigation

With rising inflation and interest rates, geopolitical tensions, climate change uncertainty, and growing competition, U.S. insurance carriers face several challenges to delivering consistent, high-quality insurance services and products to the marketplace.
  October 3, 2023   The CLM Education & Training Insurance Industry Legislation & Regulation Risk Management Technology

The latest Insurance Information Institute (Triple-I) research indicates that between 2013 and 2022, economic and social inflation fueled a $96 to $105 billion increase in combined claim payouts for U.S. personal and commercial auto insurer liability.
  October 3, 2023   Insurance Information Institute Auto Insurance Industry Risk Management

While on-field activities get the attention, an army of professionals works behind the scenes to conduct the business of sports. Whether the sport is football, soccer, basketball or even eSports, all have one thing in common — they require insurance.
  October 3, 2023   Insurance Thought Leadership Liability Life & Health Risk Management Workers' Compensation

A California federal judge has ruled that a group of people who own cars made by Tesla Inc TSLA.O must pursue claims that the company misled the public about its autopilot features in individual arbitration rather than court.
  October 3, 2023   Claims Journal Auto Litigation Technology California

A recent survey conducted by the online insurance agency, GetSure, has revealed that a significant number of Americans are hesitant about the idea of interacting with AI insurance agents. This finding sheds light on the sentiments of the nation, potentially comforting the country’s 1.6 million human insurance agents.
  October 2, 2023   Claims Pages Staff Insurance Industry Technology

The increasing number of U.S. Department of Treasury actions regarding delinquent Medicare Part A and B conditional payment claims is a growing challenge facing non-group health plans (NGHPs).
  October 2, 2023   The CLM Life & Health

As part of its attack on the risk crisis, Triple-I recently participated in a project led by the National Institute of Building Sciences (NIBS) to develop a roadmap for mitigation investment incentives.
  October 2, 2023   Insurance Information Institute Catastrophe Liability Risk Management

A woman says that a trip down a waterslide at a Disney World theme park ended in injuries serious enough to require surgery.
  October 2, 2023   Law & Crime Liability Litigation Weird Florida

A woman hopping inside a Dodge Charger for a cigarette sparked an explosion that destroyed the car, burned down a significant portion of her home and left her with third-degree burns.
  September 28, 2023   Jalopnik Auto Property Weird North Carolina

Data breaches can occur anywhere in the world, but they are historically more common in specific countries. Typically, countries with high internet usage and digital services are more prone to data breaches.
  September 28, 2023   SecurityIntelligence Excess & Surplus Lines

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