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Overcoming the Cost Barrier: Tackling High Insurance Premiums for Electric Vehicles

Overcoming the Cost Barrier: Tackling High Insurance Premiums for Electric Vehicles

With insurance costs for electric vehicles approximately 20% higher than for traditional cars, addressing these premiums is crucial for broader EV adoption.
May 9, 2024 Auto Insurance Industry Risk Management Technology

NYC Sees Improved Construction Safety but Faces Challenges with Rising Injuries

NYC Sees Improved Construction Safety but Faces Challenges with Rising Injuries

The latest NYC Construction Safety Report reveals a significant reduction in fatalities but an uptick in worker injuries, highlighting both progress and ongoing safety challenges in the construction sector.
May 8, 2024 Insurance Industry Property Workers' Compensation New York

Florida’s Property/Casualty Insurance Market Shows Signs of Recovery Amid Reforms

Florida’s Property/Casualty Insurance Market Shows Signs of Recovery Amid Reforms

Recent legislative reforms and a mild hurricane season have contributed to the recovery of Florida’s property/casualty insurance market, yet challenges remain for premium costs.
May 8, 2024 Catastrophe Fraud Legislation & Regulation Property Florida

Fannie Mae Clarifies Insurance Guidelines, Shifting Away from Actual Cash Value Coverage

Fannie Mae Clarifies Insurance Guidelines, Shifting Away from Actual Cash Value Coverage

Fannie Mae’s updated guidelines enforce replacement cost coverage, challenging the trend towards actual cash value for homeowners and condo insurance.
May 8, 2024 Catastrophe Insurance Industry Legislation & Regulation Property Florida Kentucky

FM Global COO Bret Ahnell Explores Property Insurance Challenges and Opportunities

FM Global COO Bret Ahnell Explores Property Insurance Challenges and Opportunities

FM Global’s COO Bret Ahnell speaks with Risk & Insurance and addresses the prolonged hard market, impacts of climate change, and the shift towards renewable energy in property insurance.
May 8, 2024 Insurance Industry Property Risk Management

Kentucky Court Rules on Rideshare Driver’s UIM Coverage in Landmark Case

Kentucky Court Rules on Rideshare Driver’s UIM Coverage in Landmark Case

In a significant ruling, the Kentucky Court of Appeals decided a Lyft driver could not collect underinsured motorist benefits from Lyft or her personal auto policy.
May 8, 2024 Auto Insurance Industry Litigation Technology Kentucky

Wegmans Reduces Litigation and Enhances Worker Recovery with AI-Enhanced Claims Management

Wegmans Reduces Litigation and Enhances Worker Recovery with AI-Enhanced Claims Management

At Wegmans, AI technology has slashed litigation rates and improved response times in workers’ compensation claims, leading to faster, more effective treatment.
May 8, 2024 Insurance Industry Litigation Risk Management Technology Workers' Compensation New York

Adjusters Discuss Claim Volume and Workload Challenges

Adjusters Discuss Claim Volume and Workload Challenges

Insurance adjusters express concerns over increasing claim volumes and the impact on work-life balance, highlighting industry challenges.
May 7, 2024 Insurance Industry Property Technology Workers' Compensation Texas

FAA Investigates Boeing After Inspection Records Were Falsified on 787 Dreamliners

FAA Investigates Boeing After Inspection Records Were Falsified on 787 Dreamliners

The FAA has launched an investigation into Boeing’s 787 Dreamliner after some employees reportedly skipped critical inspections, falsifying records in the process.
May 7, 2024 Legislation & Regulation Risk Management Technology

Swiss Re Advocates for Advanced Data Utilization to Bridge the NatCat Protection Gap

Swiss Re Advocates for Advanced Data Utilization to Bridge the NatCat Protection Gap

As natural catastrophe losses escalate, Swiss Re emphasizes the use of data-driven insights to enhance global insurance access and climate risk management.
May 7, 2024 Catastrophe Insurance Industry Risk Management Technology

Sentry’s Injured Worker Well-being Report Highlights Crucial Link Between Behavioral Health and Recovery Outcomes

Sentry’s Injured Worker Well-being Report Highlights Crucial Link Between Behavioral Health and Recovery Outcomes

Sentry’s recent report underscores the significant effect of behavioral health on workers’ compensation claims, urging early intervention.
May 7, 2024 Life & Health Risk Management Technology Workers' Compensation Wisconsin

NHTSA Opens Investigation Into Tesla’s Recall Effectiveness and Requests Detailed Information

NHTSA Opens Investigation Into Tesla’s Recall Effectiveness and Requests Detailed Information

The National Highway Traffic Safety Administration has initiated an investigation to assess the effectiveness of Tesla’s recall remedies and has requested detailed information from the automaker.
May 7, 2024 Auto Risk Management Technology California District Of Columbia

Mastering Risk Management for Mega Construction Projects with NFP’s Innovative Strategies

Mastering Risk Management for Mega Construction Projects with NFP’s Innovative Strategies

Adrian Pellen of NFP discusses leveraging technology and data to optimize insurance strategies in the construction sector at the 2024 RISKWORLD conference in San Diego.
May 7, 2024 Insurance Industry Property Technology Arizona California New York

Healthcare Sector Hit Hardest by Global Ransomware Attacks in Q1 2024

Healthcare Sector Hit Hardest by Global Ransomware Attacks in Q1 2024

The first quarter of 2024 sees a significant uptick in ransomware attacks, especially on healthcare providers, amidst ongoing cybercriminal activities.
May 6, 2024 Fraud Life & Health Risk Management Technology

Climate Change Boosts Extreme Weather, Increasing U.S. Flood Risks

Climate Change Boosts Extreme Weather, Increasing U.S. Flood Risks

Climate change intensifies extreme precipitation, escalating flood risks across the U.S. with significant increases in the Northeast and Midwest.
May 6, 2024 Catastrophe Property Risk Management Alabama Alaska Georgia Hawaii Kentucky
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