Virginia’s "Bad Faith" Insurance Bill Sparks Controversy Over Potential Litigation and Premium Increases
Virginia’s proposed "bad faith" insurance bill could lead to significant litigation and motor vehicle insurance premium hikes, impacting consumers and businesses.
March 14, 2024
Auto
Insurance Industry
Legislation & Regulation
Litigation
Virginia
Maine Roofing Contractor Faces Charges for Lack of Workers’ Comp Coverage
After a not-guilty verdict in a manslaughter case, Shawn Purvis faces new charges for failing to provide workers’ compensation insurance.
March 14, 2024
Insurance Industry
Legislation & Regulation
Workers' Compensation
Maine
The Evolving Role of Underwriters in the Age of Artificial Intelligence
In the era of AI, underwriters are transitioning from manual tasks to more strategic roles, requiring new skills in data analysis and creativity.
March 14, 2024
Education & Training
Risk Management
Technology
Underwriting
Roku Data Breach Exposes Thousands of Accounts to Unauthorized Subscription Purchases
Over 15,000 Roku users were affected by a data breach, leading to unauthorized subscription purchases and account hijackings from December 2023 to February 2024.
March 13, 2024
Fraud
Insurance Industry
Risk Management
Technology
California
Maine
Health Worker Shortages Impact Workers’ Compensation Treatment Options
Ongoing health care worker shortages continue to challenge the availability of treatment for workers’ compensation claimants, with experts calling for industry-wide solutions.
March 13, 2024
Life & Health
Workers' Compensation
Florida
North Carolina
Michigan Physician Charged with Disability Insurance Fraud
A Sylvan Lake physician has been charged for allegedly filing fraudulent disability claims, resulting in over $300,000 in unwarranted payments.
March 13, 2024
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Michigan
Jacksonville Funeral Home Director Faces Insurance Fraud Charges
A former funeral home director in Jacksonville pleads not guilty to charges centered around false insurance claims and theft, highlighting the need for stricter oversight.
March 13, 2024
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Florida
Innovative Initiative Launched to Enhance Insurance Access for High-Risk Buildings
A groundbreaking facility aims to make insurance more accessible for buildings with fire safety issues, boosting market competition and support for affected properties.
March 13, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
New York Car Theft Ring Dismantled in Major Law Enforcement Operation
Nine members of a sophisticated car theft ring in Westchester County, NY, have pleaded guilty, marking a significant victory for law enforcement against organized crime.
March 13, 2024
Auto
Fraud
Legislation & Regulation
Technology
New York
Pennsylvania
Colorado Farmers Agree to Pay Over $6.5 Million in Fraud Case Involving Federal Crop Insurance
Two Colorado farmers, Patrick Esch and Ed Dean Jagers, settle for $6.5 million after defrauding federal crop insurance programs through rain gauge tampering.
March 13, 2024
Fraud
Legislation & Regulation
Colorado
Indiana Court Clarifies Notice Requirements for Default Judgments in Milestone vs. ReEnergize Case
An Indiana appellate court rules on proper notice and criteria for relief in default judgments, emphasizing the importance of clear misconduct for relief under T.R. 60(B)(3).
March 13, 2024
Legislation & Regulation
Litigation
Indiana
Navigating Political Risks in a Turbulent Global Business Landscape
A report by Marsh outlines the challenges businesses face due to volatile global politics and economic policies, urging preparedness for 2024.
March 13, 2024
Legislation & Regulation
Risk Management
Authors File Lawsuit Against Nvidia for Copyright Infringement in AI Training
Nvidia is sued by authors over unauthorized use of copyrighted books in training its NeMo AI platform, highlighting copyright issues in AI development.
March 12, 2024
Litigation
Technology
California
Lloyd’s Reports on Generative AI’s Growing Impact on Cybersecurity Risks
Lloyd’s examines the escalating challenges and opportunities GenAI presents to cybersecurity, urging the insurance sector to adapt promptly.
March 12, 2024
Insurance Industry
Risk Management
Technology
U.S. Shifts Strategy on Home Insurance Data Collection Amid Rising Premiums and Climate Risks
In response to climbing premiums and climate threats, the U.S. pivots from direct data collection to a collaborative approach with state insurance regulators.
March 11, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
California
Florida
