Maximizing Accuracy in Weather-Related Insurance Claims with Forensic Meteorology
Forensic meteorology offers detailed insights for accurate assessments in hail and wind insurance claims, improving decision-making processes.
November 30, 2023
Education & Training
Insurance Industry
Property
Technology
Common Misperceptions on Embedded Insurance
If one topic has dominated industry discussion in 2023, it’s embedded insurance— the concept of bringing personalized insurance products to customers during relevant digital journeys.
November 30, 2023
Education & Training
Insurance Industry
Risk Management
Technology
Training Essential in Reducing Claims in Transportation and Hospitality Sectors
Discussion at CLM town hall emphasizes training to mitigate claims in transportation and hospitality, highlighting new trends and risks.
November 29, 2023
Education & Training
Liability
Risk Management
Workers' Compensation
First American Title Insurance Penalized $1M for Cybersecurity Breach in New York
First American Title Insurance faces a $1 million penalty for a cybersecurity breach, exposing consumer data in New York, under DFS regulation.
November 29, 2023
Legislation & Regulation
Litigation
Risk Management
Technology
FTX Investors Target Sports Entities in Crypto Fraud Lawsuit
Major League Baseball, Formula 1, and Mercedes-Benz racing team face lawsuit for allegedly aiding FTX’s multi-billion-dollar crypto fraud.
November 29, 2023
Fraud
Legislation & Regulation
Litigation
Risk Management
Treasury Considers Federal Cyber Insurance for Catastrophic Risks
The U.S. Treasury is contemplating a federal response to catastrophic cyber risks, aiming to support the burgeoning private cyber insurance sector.
November 29, 2023
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Houston Lawyer Ordered to Pay Insurer for Frivolous Lawsuit
In a notable legal decision, a Texas judge mandates a Houston attorney reimburse an insurer for legal costs incurred in defending a baseless lawsuit.
November 29, 2023
Insurance Industry
Legislation & Regulation
Liability
Litigation
Cannabis Facility Worker’s Asthma Death Leads to Wrongful Death Lawsuit
In a landmark case, the death of a worker from asthma at Trulieve’s Massachusetts cannabis plant sparks a wrongful death lawsuit, challenging workplace safety standards.
November 29, 2023
Legislation & Regulation
Liability
Risk Management
Workers' Compensation
Massachusetts
A Deep Dive on Bad Faith
In the labyrinth of insurance litigation, the focus often shifts to insurers’ adherence to state laws in claim handling, raising crucial questions of fairness and good faith.
November 29, 2023
Legislation & Regulation
Liability
Litigation
Risk Management
US Issues Caution for Maritime Shipping in Red Sea Amid Rising Attack Risks
The US warns of increased dangers for ships in the Red Sea and Gulf of Aden, with recent attacks and suspicious activities heightening risks and insurance concerns.
November 28, 2023
Catastrophe
Insurance Industry
Marine
Risk Management
Pennsylvania Court Approves CBD Oil Reimbursement in Workers’ Compensation Case
In a pivotal decision, the Commonwealth Court of Pennsylvania rules in favor of reimbursing CBD oil under the Workers’ Compensation Act, challenging traditional views.
November 28, 2023
Legislation & Regulation
Liability
Life & Health
Workers' Compensation
Pennsylvania
MAPFRE’s CEO Highlights the Ethical Challenges of AI in Insurance at Geneva Summit
At the Geneva Association Summit, MAPFRE’s CEO stresses the need for ethical AI regulation and proactive measures against cyber risks in the insurance sector.
November 28, 2023
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Commercial Underwriting: Risk Factors That Matter
Understanding the complex landscape requires both foresight into identifying the right risk variables and a modern technology stack.
November 28, 2023
Catastrophe
Risk Management
Technology
Underwriting
UnitedHealth Accused of Using Faulty AI to Deny Coverage to Elderly
A lawsuit claims UnitedHealth used an AI model with a high error rate to deny necessary medical coverage to elderly patients, sparking debates on AI’s role in health insurance.
November 28, 2023
Legislation & Regulation
Life & Health
Litigation
Technology
Minnesota
Glimmers of Good News on Climate (Finally)
Stunning declines in the cost of solar and wind power are rapidly adding renewables to the world’s energy mix.
November 28, 2023
Auto
Catastrophe
Risk Management
Technology
Georgia
New Jersey
