Florida Appeals Court Upholds $2.7 Million Tax Ruling Against State Farm
State Farm’s appeal fails as Florida court affirms the insurer’s obligation to pay $2.7 million in corporate taxes, interpreting state and local bond interest inclusions.
January 18, 2024
Insurance Industry
Legislation & Regulation
Litigation
Florida
Auto Insurance Premiums Surge, Contributing Significantly to U.S. Inflation Rates
Auto insurance rates, recording the highest increase since the 1970s, emerge as a key factor in sustaining high inflation rates in the United States.
January 18, 2024
Auto
Insurance Industry
Legislation & Regulation
Navigating New Cyber Insurance Challenges and Evolving Coverage
A comprehensive look at the changing landscape of cyber insurance in 2024, highlighting the industry’s response to increased cyber risks, evolving coverage, and regulatory challenges.
January 18, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
California
Texas
New York Proposes Guidelines for Fair AI Use in Insurance Underwriting
New York’s Department of Financial Services proposes new guidelines to ensure AI and external data in insurance underwriting don’t lead to unfair discrimination, emphasizing consumer protection.
January 18, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
New York
Swiss Re CEO Stresses Net-Zero Transition and Insurance’s Role at Davos 2024
Christian Mumenthaler, CEO of Swiss Re, highlights the unstoppable momentum of the net-zero transition and the critical feedback role of insurance premiums in climate change at the World Economic Forum.
January 18, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Study Reveals High Levels of Nanoplastics in Bottled Water
New research uncovers a startling concentration of nanoplastics in bottled water, potentially redefining health risks associated with plastic pollution.
January 17, 2024
Life & Health
Technology
Florida Senate Advances Bill to Restructure Citizens Property Insurance
A new Florida Senate bill aims to transform Citizens Property Insurance Corp, focusing on high-value homes and removing premium caps.
January 17, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Florida
Combating Insurance Fraud in Canada: The Digital Identity Solution
As insurance fraud rates rise in Canada, digital identity verification emerges as a key tool for balancing fraud prevention with customer experience.
January 17, 2024
Fraud
Insurance Industry
Risk Management
Technology
Insurtech Leaders Forecast a Tech-Driven 2024 in Insurance
Leading insurtech experts predict a 2024 marked by evolving risk management, AI-human synergy, and innovative insurance solutions.
January 17, 2024
Insurance Industry
Risk Management
Technology
Embracing Technology: The Future of Insurance in a Digital World
Discover how technology is revolutionizing the insurance industry with AI, RPA, IoT, and more, shaping a new era of customer experience and efficiency.
January 17, 2024
Insurance Industry
Risk Management
Technology
Underwriting
Winter Storm Triggers Deadly Avalanches Across Western U.S. During MLK Weekend
A severe winter storm brings a spate of dangerous avalanches, resulting in fatalities and heightened risks in the western U.S. during the long Martin Luther King Jr. Day weekend.
January 16, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
Idaho
IoT in Insurance: Moving Beyond Potential to Mass Deployment
A recent webinar with Hartford Steam Boiler and IoT Insurance Observatory experts reveals the imperative shift from potential to mass deployment in the IoT sector for insurance.
January 16, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Proposed House Bill 1213 Aims to Transform Citizens Property Insurance into Primary Windstorm Coverage Provider
House Bill 1213, proposed by State Representatives Spencer Roach and Hillary Cassel, seeks to make Citizens Property Insurance a primary option for windstorm coverage in Florida.
January 16, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
Connecticut Expands Workers’ Compensation for PTSD to All Employees
Connecticut’s new law now includes all employees under workers’ compensation for PTSD, expanding benefits previously reserved for first responders.
January 16, 2024
Insurance Industry
Legislation & Regulation
Liability
Workers' Compensation
Connecticut
Deaf Truck Driver Wins Discrimination Case Against Werner Enterprises
A deaf truck driver was awarded $335,682 by a federal judge following a successful discrimination lawsuit against Werner Enterprises and Drivers Management, LLC.
January 16, 2024
Auto
Legislation & Regulation
Liability
Workers' Compensation
Nebraska
