North Carolina Supreme Court Overturns Decision Allowing Stacking of UIM Coverage for Vehicle Owners in At-Fault Accidents
In a significant ruling, the NC Supreme Court decided that vehicle owners cannot stack UIM coverage from different policies for claims involving their own vehicles in at-fault accidents.
March 27, 2024
Auto
Insurance Industry
Legislation & Regulation
Liability
North Carolina
Arizona Court Greenlights Mexico’s Lawsuit Against US Gun Dealers for Facilitating Cross-Border Trafficking
An Arizona court ruling allows Mexico to pursue legal action against US gun dealers accused of contributing to violence through gun trafficking, highlighting a critical cross-border issue.
March 27, 2024
Legislation & Regulation
Litigation
Risk Management
Arizona
Massachusetts
Bridging the Insurance Gap in Emerging Markets Through Innovative Insurtech Solutions
Discover how Insurtech is revolutionizing insurance accessibility in emerging markets, leveraging mobile technology, and custom solutions to drive economic resilience.
March 27, 2024
Legislation & Regulation
Technology
Florida
Claims Adjusters Share Their Frustrations in Property Claim Adjustments
Claims adjusters reveal the myriad challenges and frustrations they face during property claim inspections, from uncooperative homeowners to aggressive public adjusters.
March 26, 2024
Fraud
Insurance Industry
Property
Risk Management
California
Florida
Texas
2023 Reflects a New Norm in Natural Catastrophe Insurance Losses
In 2023, natural disasters led to over $108 billion in insured losses, marking the fourth consecutive year above $100 billion, with severe convective storms hitting a record high.
March 26, 2024
Catastrophe
Property
Risk Management
Technology
California
Florida
Louisiana
Tribunal Denies Benefits to Motorcyclist for Insurance Fraud Involvement
A motorcyclist’s accident benefits claim was denied by the Ontario LAT, ruling he should have known his insurance obtained through dubious means was not valid.
March 26, 2024
Auto
Fraud
Insurance Industry
Legislation & Regulation
Insurance Sector Adapts to Cyber Risks Amid Rising Systemic Threats
Industry experts emphasize the importance of individual security measures and strategic risk management to mitigate systemic cyber threats impacting the insurance market.
March 26, 2024
Insurance Industry
Risk Management
Technology
North Carolina Supreme Court Reverses Decision on Weight-Loss Surgery Compensation
In a landmark decision, the North Carolina Supreme Court rules against covering weight-loss surgery under workers’ compensation for a preschool employee.
March 26, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Workers' Compensation
North Carolina
Louisiana Proposes Two Bills to Amend Workers’ Compensation Laws
Representatives Taylor introduces two bills in Louisiana aiming to modify the landscape of workers’ compensation claims and presumptions.
March 26, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Workers' Compensation
Louisiana
Former Georgia Insurance Commissioner Pleads Guilty to Healthcare Fraud Scheme
John W. Oxendine, former Georgia Insurance Commissioner, admits to conspiracy in a fraudulent medical testing scheme, facing sentencing in July.
March 26, 2024
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Georgia
LoanDepot to Revise Appraisal Complaint Policies Following Settlement with Baltimore Couple
In a legal settlement with a Black couple, mortgage lender loanDepot commits to policy changes after accusations of racially biased appraisal practices.
March 26, 2024
Insurance Industry
Legislation & Regulation
Litigation
Property
Maryland
AI Revolutionizes Insurance: From On-Demand Coverage to Fighting Fraud
AI is transforming insurance through on-demand policies, embedded coverage, personalized underwriting, and enhanced fraud detection, setting new standards for efficiency and security.
March 26, 2024
Fraud
Technology
Underwriting
Washington Supreme Court Rules in Favor of Condo Association in Insurance Dispute Over Water Damage
The Washington Supreme Court’s recent decision clarifies that all-risk policies cover damages caused by a covered peril, even if initiated by an excluded peril like faulty workmanship.
March 26, 2024
Insurance Industry
Legislation & Regulation
Litigation
Property
Washington
Major East Coast Bridge Collapses After Collision with Cargo Ship, Triggers Extensive Search and Rescue Operation
The collapse of the Francis Scott Key Bridge, after being struck by a cargo ship, has led to a significant emergency operation and concerns over East Coast shipping logistics.
March 26, 2024
Catastrophe
Marine
Risk Management
Technology
Maryland
Property/Casualty Insurers Embrace AI Amid Bias Challenges, Survey Reveals
A new survey shows a significant shift towards AI in the P/C insurance sector, despite ongoing challenges with algorithmic bias.
March 25, 2024
Insurance Industry
Technology
Underwriting
Colorado
