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
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
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
Renewed Interest in Long Term Care Insurance Amidst Rising Healthcare Costs
As healthcare expenses rise, long term care insurance sees a resurgence of interest from consumers seeking financial security for their senior years.
January 11, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Risk Management
$100 Million Settlement Reached in 2018 Grand Canyon Helicopter Crash
The family of a British tourist receives a $100 million settlement for the 2018 Grand Canyon helicopter crash that resulted in five deaths, including the tourist’s.
January 11, 2024
Catastrophe
Legislation & Regulation
Liability
Risk Management
Nevada
Arizona Health Care Provider Settles Fraud Allegations for Nearly $10 Million
Atlantic Home Health Care LLC agrees to pay nearly $10 million to settle allegations of defrauding a federal health care program for Department of Energy employees.
January 11, 2024
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Arizona
Blizzard Triggers Power Outages and Closures in Oregon and Washington Ski Areas
Heavy snowfall and high winds cause widespread power outages and force the closure of highways and ski resorts in Oregon and Washington.
January 11, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Oregon
Washington
Florida Lawmakers Grapple with Homeowners Insurance Crisis
As Florida’s annual legislative session approaches, lawmakers focus on addressing the state’s escalating homeowners insurance crisis with a range of proposed solutions.
January 10, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Florida
Evolving Risk Landscape Demands Strategic Role for Chief Risk Officers
In a rapidly changing risk environment influenced by AI, climate change, and geopolitics, Chief Risk Officers are key to strategic decision-making, says LCP research.
January 10, 2024
Insurance Industry
Risk Management
Technology
Alaska Airlines Under Scrutiny for Continuing Flights Despite Warning Signals
Alaska Airlines faces critical questions about its decision to keep a Boeing 737 Max 9 flying over land, despite cabin-pressurization warnings, before a fuselage blowout.
January 10, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
California
Oregon
Google Faces $1.67 Billion Patent Infringement Lawsuit Over AI Technology
In a Boston federal court, Google disputes a $1.67 billion claim alleging the tech giant infringed patents crucial for its AI-driven products.
January 10, 2024
Insurance Industry
Legislation & Regulation
Litigation
Technology
Massachusetts
Tornadoes and Thunderstorms Cause Fatalities and Damage in Southeast US
A series of deadly tornadoes and severe thunderstorms wreak havoc across the Southeast, leading to four deaths and extensive property damage.
January 10, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Florida
Georgia
Maine
North Carolina
US Auto Insurance Premiums Set for Record Increase in 2024
As U.S. drivers brace for the highest auto insurance rate hike since 2018, with an average increase of 12.6%, financial pressures mount across states.
January 10, 2024
Auto
Insurance Industry
Legislation & Regulation
Technology
Arizona
California
Connecticut
Florida
Georgia
Chubb Report Highlights Climate Change Risks for Wealthy Americans and Canadians
A new report from Chubb reveals that 76% of wealthy North Americans see extreme weather due to climate change as a major threat to their properties.
January 9, 2024
Catastrophe
Education & Training
Insurance Industry
Liability
Property
2024 Atlantic Hurricane Season Predicted to Be Intensely Active
Tropical Storm Risk’s early forecast anticipates the 2024 Atlantic hurricane season to be significantly above average in activity.
January 9, 2024
Catastrophe
Insurance Industry
Property
Risk Management
