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Predicting Healthcare Costs: A Data-Driven Approach

Predicting Healthcare Costs: A Data-Driven Approach

Leveraging AI and data science to predict healthcare costs can bring transparency and affordability, ensuring accessible healthcare for all.
May 30, 2024 Insurance Industry Life & Health Risk Management Technology

Impact of Federal Marijuana Reclassification on Liability Insurance Coverage

Impact of Federal Marijuana Reclassification on Liability Insurance Coverage

The potential federal reclassification of marijuana may affect liability insurance coverage, necessitating careful review of policy exclusions and legal compliance for businesses in the marijuana industry.
May 30, 2024 Insurance Industry Legislation & Regulation Liability Risk Management

Jeff Canfield Discusses AI’s Role in Ascot’s Underwriting Strategy

Jeff Canfield Discusses AI’s Role in Ascot’s Underwriting Strategy

At RISKWORLD 2024, Jeff Canfield of Ascot explores the potential of AI in underwriting, Ascot's data-driven deal selection, and their approach to underwriting specialty risks.
May 30, 2024 Excess & Surplus Lines Insurance Industry Technology Underwriting

Hurricane Season Preparation: Using Analytics for Claims and Planning

Hurricane Season Preparation: Using Analytics for Claims and Planning

As hurricane season begins, businesses should utilize data analytics and strategic planning to prepare for potential storm impacts and streamline claims processing.
May 29, 2024 Catastrophe Property Risk Management

General Contractor Wins $4.8 Million Verdict in Contract Dispute

General Contractor Wins $4.8 Million Verdict in Contract Dispute

In a significant legal victory, CTA Construction Co. has been awarded $4.8 million in a contract dispute involving the renovation of the new Dedham Town Hall and Senior Center.
May 29, 2024 Insurance Industry Litigation Massachusetts

Montana Plumber Sentenced for Insurance Fraud to Begin House Arrest

Montana Plumber Sentenced for Insurance Fraud to Begin House Arrest

A Montana plumber was sentenced to five years in prison, suspended for five years of probation, and a 30-day term of house arrest for presenting a falsified insurance certificate.
May 29, 2024 Fraud Insurance Industry Legislation & Regulation Litigation Montana

Tennessee Man Receives Federal Prison Sentence for Crop Insurance Fraud

Tennessee Man Receives Federal Prison Sentence for Crop Insurance Fraud

David Garrett Manion of Lafayette, Tennessee, has been sentenced to 3 years and 6 months in federal prison for defrauding the federal crop insurance program. The scheme, which took place from 2016 to 2022, also resulted in a restitution order of $3.5 million.
May 29, 2024 Fraud Legislation & Regulation Litigation Risk Management Kentucky Tennessee

OSHA Updates Hazard Communication Standard for Better Alignment with Global System

OSHA Updates Hazard Communication Standard for Better Alignment with Global System

The Occupational Safety and Health Administration announced a comprehensive revision of its Hazard Communication Standard, aiming to better align it with the United Nations' Globally Harmonized System of Classification.
May 29, 2024 Education & Training Insurance Industry Legislation & Regulation Risk Management Michigan Missouri New York

Wildfire-Resilient Home Designs Shine at UC Berkeley Competition

Wildfire-Resilient Home Designs Shine at UC Berkeley Competition

UC Berkeley's landscape design competition, highlighting the importance of wildfire resilience for Wildfire Awareness Month, has announced its winners.
May 29, 2024 Catastrophe Education & Training Property Risk Management California

Hacker Group Claims Responsibility for Cyberattack on Christie’s

Hacker Group Claims Responsibility for Cyberattack on Christie’s

A hacker group, RansomHub, has claimed responsibility for the recent cyberattack on Christie's auction house. The attack disrupted the auction house's website during a major event, forcing Christie's to suspend online bidding.
May 29, 2024 Insurance Industry Litigation Risk Management Technology

How to Avoid Ransomware Attacks in the Insurance Industry

How to Avoid Ransomware Attacks in the Insurance Industry

Ransomware breaches can devastate insurance providers financially and reputationally. With attacks becoming more sophisticated, it's crucial for providers to prevent data breaches proactively.
May 29, 2024 Fraud Insurance Industry Risk Management Technology

Watchdog Highlights EPA’s Ongoing Cybersecurity Issues

Watchdog Highlights EPA’s Ongoing Cybersecurity Issues

The Government Accountability Office has warned that the Environmental Protection Agency has yet to implement a comprehensive cybersecurity risk assessment process, a recommendation first made in 2019.
May 28, 2024 Legislation & Regulation Life & Health Risk Management Technology

Florida Insurance Market Sees Hope Amid Legislative Reforms and Reduced Hurricane Activity

Florida Insurance Market Sees Hope Amid Legislative Reforms and Reduced Hurricane Activity

Florida's property insurance market is beginning to stabilize thanks to new legislation aimed at reducing litigation and increasing market competition, following years of hurricane-induced losses and financial struggles.
May 28, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Enhanced Crop Insurance for Michigan Blueberry Farmers Starting 2025

Enhanced Crop Insurance for Michigan Blueberry Farmers Starting 2025

Starting in 2025, Michigan blueberry farmers will benefit from enhanced crop insurance coverage, tailored to protect against specific natural events impacting different blocks and varieties of their crops.
May 28, 2024 Insurance Industry Legislation & Regulation Risk Management Michigan

NTSB Recommends Urgent Bridge Inspections Across the U.S.

NTSB Recommends Urgent Bridge Inspections Across the U.S.

The National Transportation Safety Board has urged federal and state authorities to review inspection reports and address maintenance issues for bridges made of uncoated weathering steel, following the 2022 Fern Hollow Bridge collapse in Pittsburgh.
May 28, 2024 Legislation & Regulation Liability Risk Management Technology Pennsylvania
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