
Legal System Exploitation Drives Up Costs for US Casualty Insurers, AM Best Reports
Abuse of the U.S. legal system and social inflation significantly increase loss costs for casualty insurers, challenging loss ratios and reserve adequacy.
May 13, 2024
Liability
Litigation

Revolutionizing Payment Systems in the Insurance Industry
Modernizing payment systems in insurance is crucial to meet evolving consumer preferences and enhance security and efficiency.
May 13, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology

Overworked and Overwhelmed: Adjusters Voice Concerns Over High Claim Volumes
In an eye-opening discussion on Reddit, claims adjusters from various companies share their struggles with high volumes and burnout.
May 10, 2024
Insurance Industry
Workers' Compensation

Supercell Storms Unleash Giant Hail in Central Texas
Supercell thunderstorms cause significant damage in Central Texas, with reports of hail as large as CDs.
May 10, 2024
Catastrophe
Insurance Industry
Risk Management
Texas

The Future of AI in Workers Compensation Claims Management
Artificial intelligence is set to revolutionize workers compensation claims, with AI teams providing holistic support to human adjusters.
May 10, 2024
Insurance Industry
Risk Management
Technology
Workers' Compensation

California Jury Awards $18 Million in Bad Faith Insurance Case
A jury in San Bernardino awards substantial damages to two sisters after their insurance company failed to adequately compensate them for flood damage.
May 10, 2024
Catastrophe
Insurance Industry
Litigation
Property
California

Study Reveals Increased Workplace Accidents Due to High Heat
A new report by the Workers Compensation Research Institute highlights a 5-6% increase in work-related accidents when temperatures exceed 90 degrees, particularly in the southern U.S. and construction industry.
May 10, 2024
Insurance Industry
Life & Health
Risk Management
Workers' Compensation

Appeals Court Reverses Summary Judgment in Pork Processor Worker Injury Case
The Iowa Court of Appeals reverses a premature summary judgment in a case involving a staffing agency worker injured by a forklift.
May 10, 2024
Insurance Industry
Legislation & Regulation
Litigation
Workers' Compensation
Iowa

North Carolina Auto Shop Owner Charged with Multiple Frauds
A North Carolina auto shop owner faces serious charges including insurance fraud and car title application fraud, following a comprehensive investigation.
May 10, 2024
Auto
Fraud
Insurance Industry
Legislation & Regulation
North Carolina

Former NBA Player Glen Davis Sentenced in Health Care Fraud Scheme
Glen Davis, former NBA champion, is sentenced to 40 months for his involvement in defrauding the NBA Players’ Health and Welfare Plan.
May 10, 2024
Fraud
Insurance Industry
Life & Health
Litigation

International Jewelry Thief Nabbed After High-Profile Heists in New York
After a series of audacious jewelry thefts spanning continents, Yaorong Wan’s criminal spree ends with an arrest in New York City.
May 9, 2024
Catastrophe
Fraud
Litigation
Property
California
New Jersey
New York

Progressive Reforms Alleviate Florida’s Property/Casualty Insurance Crisis
Florida’s property/casualty insurance landscape begins to stabilize following significant legislative reforms and a calm hurricane season, despite ongoing challenges.
May 9, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida

Majority of Astroworld Wrongful Death Lawsuits Settled, One Remains
As most Astroworld wrongful death claims reach settlements, the final pending case highlights ongoing concerns over concert safety.
May 9, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Liability
Texas

Scattered Spider Hackers Escalate Attacks on Financial and Insurance Sectors
Scattered Spider targets leading financial institutions and insurance companies, escalating cybersecurity threats with sophisticated phishing schemes.
May 9, 2024
Fraud
Insurance Industry
Technology

Comprehensive Strategies in Cybersecurity Insurance for Modern Businesses
Explore how businesses can bolster defenses and manage risks through innovative cybersecurity insurance solutions in a digitally driven marketplace.
May 9, 2024
Insurance Industry
Risk Management
Technology



