Extensive Tornado Damage Reported in Nebraska, Iowa, and Oklahoma
Recent tornadoes in Nebraska, Iowa, and Oklahoma have caused significant damage, impacting over 7,000 properties and leading to extensive recovery efforts.
May 1, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Iowa
Nebraska
Oklahoma
North Carolina Mom Discovers Over 50,000 Bees Behind Toddler’s Wall After Mistaking Buzzing for Monsters
After her daughter heard strange noises, a North Carolina mother discovered a massive bee colony in their home, leading to a costly and intricate removal process.
May 1, 2024
Insurance Industry
Property
Technology
Weird
North Carolina
Netwrix 2024 Report Highlights Evolving Cybersecurity Trends and Growing Challenges in Hybrid IT Environments
The latest Netwrix report reveals critical insights into the cybersecurity landscape, emphasizing increased incidents and evolving protection strategies in hybrid IT architectures.
May 1, 2024
Insurance Industry
Risk Management
Technology
Florida Insurance Executives Challenge Regulatory Crackdown on Past Leadership of Insolvent Carriers
In response to Florida’s stringent regulations, insurance executives are debating the fairness and constitutionality of actions aimed at past leaders of failed companies.
May 1, 2024
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
Florida
Aon Report Details a Notable Decline in Q1 2024 Catastrophic Losses Compared to Previous Year
According to Aon’s latest catastrophe report, the first quarter of 2024 saw lower economic and insured losses compared to last year.
May 1, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
Oklahoma
Texas
Johnson & Johnson Proposes $6.5 Billion Settlement to Resolve Cancer Lawsuits
Johnson & Johnson seeks to settle tens of thousands of claims alleging its talc products caused ovarian cancer with a proposed $6.5 billion settlement.
May 1, 2024
Insurance Industry
Life & Health
Litigation
Risk Management
New Jersey
Transforming Underwriting: Embracing Technology and Training for Growth
Advanced technology and targeted training are reshaping underwriters’ roles, enhancing their efficiency and market adaptability, according to a new Capgemini report.
April 30, 2024
Insurance Industry
Risk Management
Technology
Underwriting
Surge in Auto Insurance Costs Drives Record U.S. Shopping and Switching Rates
Amid a significant 22.2% increase in premiums, nearly half of U.S. auto insurance customers are actively seeking new policies, according to the latest J.D. Power study.
April 30, 2024
Auto
Insurance Industry
Risk Management
Technology
California
Gore Street Capital Deploys Advanced Battery Analytics for Better Insurance Terms on UK Energy Projects
Gore Street Energy Storage Fund has successfully implemented a predictive analytics solution, achieving improved insurance terms for its UK energy storage projects.
April 30, 2024
Auto
Insurance Industry
Risk Management
Technology
California
Texas
Global Cyber Confidence Index 2024 Highlights Widespread Overconfidence in Cybersecurity Amid Rising Ransomware Threats
The 2024 Global Cyber Confidence Index report underscores a significant disconnect between cybersecurity confidence and the actual effectiveness of risk management practices.
April 30, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Grand Jury Indicts Vendor for Alleged Large-Scale Insurance Fraud in Alabama
A vendor is facing charges for allegedly defrauding Montgomery city of over $400,000, with an indictment issued following an unrelated probe by the attorney general.
April 30, 2024
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
Alabama
U.S. Sets 2029 Deadline for Mandatory Automatic Emergency Braking in New Cars
By 2029, all new passenger cars and light trucks in the U.S. will include automatic emergency braking systems to enhance road safety.
April 30, 2024
Auto
Legislation & Regulation
Technology
Progressive Insurance Plans Massive Hiring Drive in 2024
Progressive Insurance is set to recruit over 10,000 employees across the U.S. in 2024, expanding its workforce to support customer growth.
April 29, 2024
Education & Training
Insurance Industry
Technology
Workers' Compensation
Tornado Outbreak Stretches Across Central U.S., Driven by Unusual Weather Patterns
A series of tornadoes, influenced by El Niño’s decay, wreaked havoc across the central United States from Oklahoma to Nebraska, highlighting changing patterns in tornado occurrences.
April 29, 2024
Catastrophe
Risk Management
Technology
Iowa
Nebraska
Oklahoma
Sacramento Business Owner Fined Over $687K for Workers’ Comp Fraud
Jorge Maldonado, owner of Pro-Care Building Maintenance, has been ordered to pay nearly $700,000 in restitution for underreporting employee numbers to reduce workers’ comp premiums.
April 29, 2024
Fraud
Insurance Industry
Legislation & Regulation
Workers' Compensation
California
