State Farm to Non-Renew Thousands of Property Policies in California Amid Market Challenges
State Farm General Insurance announces significant policy non-renewals in California, citing financial stability and market conditions.
March 21, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
California
Gen Z Faces Unprecedented Retirement Planning Challenges
Gen Z’s path to retirement is fraught with gig economy instability and the pressures of social media, demanding innovative financial strategies.
March 21, 2024
Education & Training
Life & Health
Risk Management
Technology
Ferrari Faces Legal Challenge Over Alleged Brake Defects in Sports Cars
A lawsuit filed in US District Court claims Ferrari failed to adequately fix a potentially dangerous brake defect in several models, including the 458 Italia.
March 20, 2024
Auto
Liability
Litigation
Technology
California
Record-Breaking Hail Events Mark the Start of 2024’s Severe Storm Season
Over 660,000 properties were hit by significant hail during early March, surpassing 2023 records and signaling a potentially challenging year for insurers.
March 20, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Arkansas
Illinois
Kansas
Missouri
Oklahoma
Court Allows Stalking Claims Against Apple AirTag to Proceed
A San Francisco judge has ruled that a lawsuit accusing Apple of not doing enough to prevent AirTags from being used for stalking can move forward.
March 20, 2024
Insurance Industry
Liability
Litigation
Technology
California
The Impact of Mass Tort Advertising on the Insurance Industry
With $1.2 billion spent on mass tort TV ads in a single year, experts warn the insurance industry to heed the potential litigation risks these ads represent.
March 20, 2024
Insurance Industry
Legislation & Regulation
Litigation
Technology
Florida
Spire Global and NVIDIA Join Forces to Revolutionize AI-Driven Weather Forecasting
Spire Global teams up with NVIDIA, aiming to improve forecast accuracy and tackle the challenge of extreme weather events through AI-driven weather prediction.
March 20, 2024
Catastrophe
Marine
Risk Management
Technology
Judge Rules Against Dismissing Lawsuit Linking Social Media Algorithms to Buffalo Shooting
A New York judge’s decision to not dismiss a lawsuit against Reddit and YouTube questions the extent of their liability in a racially motivated attack in Buffalo.
March 20, 2024
Catastrophe
Legislation & Regulation
Liability
Technology
New York
New Jersey Implements Flood Risk Disclosure Law for Real Estate Transactions
Starting March 20, New Jersey’s new law mandates flood history and risk disclosures for all real estate transactions, enhancing transparency and preparedness.
March 20, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
New Jersey
How Property and Casualty Insurers Can Boost Profits with AI in 2024
As P&C insurers navigate inflation and climate challenges, strategic AI adoption, including computer vision and LLMs, offers a path to enhanced profitability.
March 19, 2024
Property
Risk Management
Technology
Underwriting
IIHS Introduces New Ratings for Partial Driving Automation: Majority Fail to Make the Grade
A new safety evaluation by IIHS reveals only one out of 14 partial driving automation systems meets "acceptable" standards, prompting calls for improvement.
March 19, 2024
Auto
Insurance Industry
Technology
Navigating Climate Change: A Strategic Imperative for Life and Health Insurers
As climate change reshapes health risks, life and health insurers must adapt, focusing on strategic decisions to align with long-term health outcomes.
March 19, 2024
Catastrophe
Life & Health
Risk Management
Technology
Oregon Supreme Court Overturns Ruling on $20 Million Subrogation Claim Due to Lack of Clear Waiver
In a pivotal decision, Oregon’s Supreme Court reversed lower courts, emphasizing the need for clear, unequivocal language in tort liability waivers within contracts.
March 19, 2024
Insurance Industry
Legislation & Regulation
Litigation
Subrogation
Oregon
Fentanyl’s Impact on Road Safety: A Growing Concern for America’s Highways
As the opioid epidemic escalates, fentanyl’s presence in fatal road accidents underscores a critical public health issue.
March 18, 2024
Auto
Catastrophe
Legislation & Regulation
Risk Management
California
Delaware
Maryland
New Hampshire
New Mexico
Apple Settles Class Action Lawsuit for $490 Million Over Misleading iPhone Sales Statements
Apple resolves a lawsuit alleging misleading comments by CEO Tim Cook on iPhone sales in China, agreeing to a $490 million settlement.
March 18, 2024
Legislation & Regulation
Litigation
Technology
