Court Upholds Insurer’s Denial of Vulture-Related Roof Damage Claim Under Infestation Exclusion
A court’s decision to uphold an insurer’s claim denial for roof damage caused by turkey vultures highlights the complexities in defining ’infestation’ for insurance purposes.
January 25, 2024
Litigation
Property
Weird
Maryland
Pennsylvania
Record Natural Disasters in 2023 Reveal Growing Global Vulnerabilities and Opportunities
In 2023, a record number of natural disasters, driven by severe earthquakes and storms, led to unprecedented economic and insured losses, highlighting the urgency for improved global resilience.
January 25, 2024
Catastrophe
Property
Risk Management
Climate Transition Planning Becomes Key in Global Economy’s Shift to Low-Carbon Future
A new WTW report emphasizes the growing importance of climate transition planning for businesses adapting to a low-carbon economy and regulatory demands.
January 25, 2024
Legislation & Regulation
Risk Management
AI and Digital Tools Transform Customer Experience in Insurance Sector
Insurance carriers leverage AI and digital technologies to refine customer experiences, driving sales, satisfaction, and improved adviser relationships.
January 25, 2024
Technology
Underwriting
Florida’s Home Insurance Crisis Threatens Real Estate Market Stability
Florida faces a potential real estate downturn as home insurance premiums skyrocket, making mortgages increasingly difficult to obtain.
January 24, 2024
Catastrophe
Legislation & Regulation
Property
Florida
Fishing Vessel Wrecked on Maine Coast Due to Autopilot Error
A crew member’s nap and an unactivated bridge alarm led to the Tara Lynn II fishing vessel crashing onto rocks amid a storm on the Maine coast.
January 24, 2024
Marine
Property
Maine
Revolutionizing Health Coverage with Hourly Wage-Based Insurance
Exploring the impact of hourly wage-based insurance, a new approach offering flexible, real-time premium adjustments for health coverage.
January 24, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Homeowners’ Guide to Navigating Insurance Market Complexities in 2024
Equip yourself with insights to understand the volatile homeowner insurance market in 2024, leveraging technology for affordable and comprehensive coverage.
January 24, 2024
Legislation & Regulation
Property
Risk Management
Technology
Insurers Gear Up for 2024 with Increased Investment Risks and AI Integration
Survey reveals U.S. insurers are optimistic about 2024’s market, planning to increase investment risks and incorporate AI in their investment strategies.
January 24, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Allstate Insurance’s Ascension in the Stock Market Reflects Strong Investor Confidence
Achieving a 52-week high in share price, Allstate Insurance stands as a testament to investor trust, backed by robust financial health and historical solidity.
January 24, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Underwriting
California
VF Corp Reveals Extent of Cyberattack Impacting Millions of Consumers
VF Corp, parent company of North Face and Vans, reports 35.5 million consumers’ data compromised in a December cyberattack but confirms no critical financial data stolen.
January 23, 2024
Legislation & Regulation
Risk Management
Technology
Colorado
Illinois Man Admits to Arson Scheme for Insurance Fraud
Rufis Jefferson pleads guilty to multiple felonies in a calculated arson-for-hire scheme, aiming to defraud insurance companies through deliberately set fires.
January 23, 2024
Fraud
Insurance Industry
Litigation
Property
Illinois
Missouri
Texas Law Firm Faces Over $10 Million Judgment for Hurricane Claim Fraud
McClenny, Moseley & Associates, a Texas law firm, is ordered to pay over $10 million for fraudulent activities related to hurricane insurance claims.
January 23, 2024
Catastrophe
Fraud
Litigation
Property
Louisiana
Texas
Florida Plans to Issue Bonds to Support Hurricane Losses Fund
Florida aims to bolster its hurricane catastrophe fund by borrowing up to $3.8 billion through municipal bonds to support property insurers against hurricane losses.
January 23, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
Amazon France Fined for Excessive Employee Surveillance
Amazon France Logistique faces a 32 million euro fine from CNIL for implementing an overly intrusive surveillance system to monitor employee performance.
January 23, 2024
Legislation & Regulation
Technology
