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Judge Limits Scope of Delaware’s Climate Change Lawsuit Against Fossil Fuel Industry

Judge Limits Scope of Delaware’s Climate Change Lawsuit Against Fossil Fuel Industry

A Delaware judge’s ruling curtails certain claims in the state’s lawsuit against the fossil fuel industry, focusing on local air pollution effects.
January 15, 2024 Insurance Industry Legislation & Regulation Litigation Risk Management Delaware

Debate Arises Over Proposed Federal Catastrophe Reinsurance Program

Debate Arises Over Proposed Federal Catastrophe Reinsurance Program

The new federal catastrophe reinsurance bill faces scrutiny from America’s insurers, highlighting concerns over policyholder costs and insurance access.
January 15, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management California

Harnessing Embedded Insurance for Enhanced Adaptation and Risk Mitigation

Harnessing Embedded Insurance for Enhanced Adaptation and Risk Mitigation

The shift from resilience to adaptation in property and casualty insurance is made possible by Embedded Insurance at the Point of Design, offering a transformative approach to managing risk.
January 15, 2024 Auto Insurance Industry Property Technology

Reinsurance Market Sees Positive Shift Post-2023 Reset

Reinsurance Market Sees Positive Shift Post-2023 Reset

Following the 2023 industry reset, the reinsurance market is experiencing a significant positive transformation, offering promising opportunities for investors and companies alike.
January 15, 2024 Insurance Industry Risk Management Underwriting

Embracing AI as a Beacon of Optimism in the Insurance Industry

Embracing AI as a Beacon of Optimism in the Insurance Industry

Amid global challenges, the insurance industry’s future looks bright with AI-driven transformations enhancing risk management, policy recommendations, and employee experiences.
January 15, 2024 Insurance Industry Risk Management Technology

Illinois Court Rules Insurance Companies Not Obligated to Defend in BIPA Lawsuit

Illinois Court Rules Insurance Companies Not Obligated to Defend in BIPA Lawsuit

In a key decision, the Illinois Appellate Court ruled that insurance companies are not required to defend in a lawsuit involving the Biometric Information Privacy Act (BIPA), marking a significant legal development.
January 15, 2024 Insurance Industry Legislation & Regulation Liability Technology Illinois

New York Governor Vetoes Bill Banning Noncompete Agreements, Keeping Current Laws in Place

New York Governor Vetoes Bill Banning Noncompete Agreements, Keeping Current Laws in Place

Gov. Kathy Hochul’s veto of a bill to ban noncompete agreements in New York maintains the status quo, balancing business interests and worker rights.
January 12, 2024 Legislation & Regulation Risk Management New York

Jackson, Mississippi Wins $10.3 Million Settlement from Zurich American Insurance

Jackson, Mississippi Wins $10.3 Million Settlement from Zurich American Insurance

After a lengthy legal battle, the city of Jackson, Mississippi, is set to receive $10.3 million from Zurich American Insurance for damages from a 2013 hailstorm.
January 12, 2024 Catastrophe Insurance Industry Litigation Property Mississippi

Cyber Insurance Market Sees Major Shift with Rising Premiums and Evolving Risks in 2023

Cyber Insurance Market Sees Major Shift with Rising Premiums and Evolving Risks in 2023

The cyber insurance market experiences a shift with increased premiums, evolving cyber threats, and a focus on informed decision-making for 2024, as highlighted by Woodruff Sawyer.
January 12, 2024 Insurance Industry Risk Management Technology

Prolonged Rainfall in Eastern Australia Causes Widespread Damage, Upending Wildfire Preparations

Prolonged Rainfall in Eastern Australia Causes Widespread Damage, Upending Wildfire Preparations

Eastern Australia faces unexpected and prolonged deluge, causing extensive damage to homes and crops, challenging the typical preparations for wildfire season.
January 12, 2024 Catastrophe Risk Management

Supercede Reports Significant Growth in Digital Adoption in Reinsurance Industry

Supercede Reports Significant Growth in Digital Adoption in Reinsurance Industry

Supercede’s latest data reveals notable growth in digital platform usage, indicating a shift towards technological integration in the reinsurance industry.
January 12, 2024 Insurance Industry Risk Management Technology

Auto Insurance Emerges as Surprising Factor in U.S. Inflation Trends

Auto Insurance Emerges as Surprising Factor in U.S. Inflation Trends

With the largest annual increase in nearly 50 years, auto insurance costs are unexpectedly contributing to persistent U.S. inflation, impacting overall consumer prices.
January 12, 2024 Auto Insurance Industry Legislation & Regulation Risk Management

Moody’s RMS Estimates Insured Losses from Noto Peninsula Earthquake at $3-6 Billion

Moody’s RMS Estimates Insured Losses from Noto Peninsula Earthquake at $3-6 Billion

Moody’s RMS analysis predicts insured losses from the January 1 Noto Peninsula earthquake in Japan to range between $3 to $6 billion, covering various impacts.
January 12, 2024 Catastrophe Insurance Industry Risk Management Technology

Ohio Supreme Court Clarifies Medical Claim Statute of Repose Includes Wrongful Death Claims

Ohio Supreme Court Clarifies Medical Claim Statute of Repose Includes Wrongful Death Claims

The Ohio Supreme Court’s recent decision affirms that the statute of repose for medical claims encompasses wrongful death claims, impacting medical malpractice litigation.
January 12, 2024 Legislation & Regulation Liability Litigation Ohio

Stray Dogs Cause $350,000 Damage at Houston Car Dealership

Stray Dogs Cause $350,000 Damage at Houston Car Dealership

Two stray dogs are responsible for extensive damage at G Motors in Houston, tearing bumpers and scratching paint off vehicles.
January 11, 2024 Catastrophe Liability Property Weird Texas
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