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Miami Construction Suppliers Charged in Major Workers’ Compensation Fraud Case

Miami Construction Suppliers Charged in Major Workers’ Compensation Fraud Case

Miami-area labor suppliers face charges for underreporting payroll and cheating insurers out of over $220,000 in workers’ compensation premiums.
January 30, 2024 Fraud Insurance Industry Litigation Workers' Compensation Florida

Navigating Market Adaptation and Ecosystem Models with Amazon’s Insurance Store Experiment

Navigating Market Adaptation and Ecosystem Models with Amazon’s Insurance Store Experiment

Examining the influence and lessons of Amazon’s Insurance Store on the insurance industry, emphasizing the importance of adapting to ecosystem business models.
January 30, 2024 Insurance Industry Technology

Citizens Insurance to Transfer Thousands of Policies to Private Insurers in 2024

Citizens Insurance to Transfer Thousands of Policies to Private Insurers in 2024

Citizens, Florida’s insurer of last resort, plans to transfer approximately 76,000 policies to private insurers this month, as part of its broader strategy to reduce policy count and address solvency concerns.
January 29, 2024 Insurance Industry Legislation & Regulation Property Florida

European Insurance Industry Urges EU for Legislation on Vehicle Data Access

European Insurance Industry Urges EU for Legislation on Vehicle Data Access

European insurers and automotive service providers appeal to the EU for urgent legislation on equitable access to in-vehicle data to foster competition and innovation.
January 29, 2024 Auto Legislation & Regulation Technology

Alabama Supreme Court Upholds Broad COVID-19 Immunity for Healthcare Providers

Alabama Supreme Court Upholds Broad COVID-19 Immunity for Healthcare Providers

The Alabama Supreme Court’s recent ruling broadens the scope of COVID-19 immunity for healthcare providers, even in cases indirectly related to the pandemic.
January 29, 2024 Legislation & Regulation Liability Litigation Alabama

Jury Orders Monsanto to Pay Record $2.2 Billion in Roundup Cancer Case

Jury Orders Monsanto to Pay Record $2.2 Billion in Roundup Cancer Case

A Pennsylvania jury awards a historic $2.2 billion to a former Roundup user in a landmark verdict against Bayer AG’s Monsanto unit over cancer claims.
January 29, 2024 Liability Litigation Pennsylvania

Overcoming Obsolescence Anxiety in the Digital Era

Overcoming Obsolescence Anxiety in the Digital Era

The upcoming CPCU Society’s In2Leadership event in Phoenix, Arizona, will focus on combating the fear of becoming obsolete in the rapidly evolving digital landscape.
January 29, 2024 Education & Training Technology Arizona

Navigating the New Era of Ransomware Tactics and Cybersecurity Challenges

Navigating the New Era of Ransomware Tactics and Cybersecurity Challenges

2023 sees a shift in ransomware tactics, with a focus on third-party vendors and larger targets, underscoring the need for evolved cybersecurity strategies.
January 29, 2024 Risk Management Technology

Electric and High-Tech Vehicles Steering a New Course in Auto Insurance

Electric and High-Tech Vehicles Steering a New Course in Auto Insurance

The rise of electric vehicles and advanced automotive technologies is significantly altering the auto insurance industry, impacting costs and prompting innovative insurance practices.
January 26, 2024 Auto Insurance Industry Risk Management Technology

Houston Attorney Eric B. Dick Faces Second Major Sanction for Frivolous Lawsuits Against Insurer

Houston Attorney Eric B. Dick Faces Second Major Sanction for Frivolous Lawsuits Against Insurer

Eric B. Dick, a Houston plaintiffs’ attorney, is ordered to pay over $100,000 for filing baseless lawsuits against Standard Casualty Co., marking his second major sanction in three months for similar actions.
January 26, 2024 Catastrophe Insurance Industry Liability Litigation Texas

General Motors Addresses Leadership Issues in Cruise Robotaxi Incident, Refocusing on Safety and Transparency

General Motors Addresses Leadership Issues in Cruise Robotaxi Incident, Refocusing on Safety and Transparency

In response to the recent Cruise robotaxi incident, General Motors acknowledges leadership failures and discontinues the Request for Assistance tool, aiming to regain trust and compliance in autonomous vehicle operations.
January 26, 2024 Auto Liability Technology California

Amazon Revamps Neighbors App, Removing Police Video Access While Enhancing Community Features

Amazon Revamps Neighbors App, Removing Police Video Access While Enhancing Community Features

Amazon’s Neighbors app discontinues its Request for Assistance tool, restricting police video access, while introducing new features to foster greater community connection and sharing.
January 26, 2024 Catastrophe Property Risk Management Technology

Insurance Industry Embraces Sustainability as a Key Driver of Consumer Choice

Insurance Industry Embraces Sustainability as a Key Driver of Consumer Choice

With 75% of drivers willing to switch for greener policies, insurance companies face the dual challenge and opportunity of integrating sustainability into their practices to meet consumer demands and regulatory requirements.
January 26, 2024 Auto Legislation & Regulation Technology California

Community Organizations Urged to Prepare as Emergency Shelters Amid Rising Severe Weather Events

Community Organizations Urged to Prepare as Emergency Shelters Amid Rising Severe Weather Events

A new report emphasizes the urgent need for community facilities like schools and churches to be ready as shelters during severe weather events, highlighting the potential impacts on services and community trust.
January 26, 2024 Catastrophe Liability Property

Allianz Risk Barometer 2024 Highlights Evolving Insurance Strategies for Modern Risks

Allianz Risk Barometer 2024 Highlights Evolving Insurance Strategies for Modern Risks

The Allianz Risk Barometer 2024 emphasizes the insurance industry’s innovative responses to contemporary challenges like cyber threats and climate-related disasters, including advanced technologies and collaborative strategies.
January 25, 2024 Catastrophe Risk Management
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