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Mulberri Launches AI Risk Engine to Revolutionize Workers’ Compensation Underwriting

Mulberri Launches AI Risk Engine to Revolutionize Workers’ Compensation Underwriting

Enhancing accuracy and profitability, Mulberri’s new AI Risk Engine promises to revolutionize workers’ compensation underwriting.
November 8, 2023 Risk Management Technology Underwriting Workers' Compensation

Nevada Confronts Soaring Auto Insurance Costs in Public Webinar

Nevada Confronts Soaring Auto Insurance Costs in Public Webinar

The Nevada Division of Insurance recently held a live webinar to provide the public with an opportunity to discuss the rising cost of auto insurance in the state.
November 8, 2023 Auto Legislation & Regulation Liability Risk Management Nevada

Nike Launches Legal Battle Over Sneaker Tech Patents Against New Balance and Skechers

Nike Launches Legal Battle Over Sneaker Tech Patents Against New Balance and Skechers

Footwear giant Nike filed federal lawsuits against New Balance and Skechers, accusing them of infringing patents related to Nike’s technology.
November 7, 2023 Litigation Technology Underwriting California Massachusetts Oregon

Rethinking Road Rules: U.S. Cities Contemplate ’Right on Red’ Prohibition to Safeguard Pedestrians

Rethinking Road Rules: U.S. Cities Contemplate ’Right on Red’ Prohibition to Safeguard Pedestrians

A dramatic rise in accidents killing or injuring pedestrians and bicyclists has led to a myriad of policy and infrastructure changes.
November 7, 2023 Auto Legislation & Regulation Liability Risk Management California District Of Columbia Illinois Michigan Washington

Building for the Future: Florida’s Hurricane-Resilient, Eco-Friendly Homes

Building for the Future: Florida’s Hurricane-Resilient, Eco-Friendly Homes

Some developers are building homes with an eye toward making them more resilient to the extreme weather that`s increasing with climate change, and friendlier to the environment at the same time.
November 7, 2023 Catastrophe Property Risk Management Technology Florida

Embracing AI in Insurance: Balancing Efficiency and Data Security

Embracing AI in Insurance: Balancing Efficiency and Data Security

While generative AI tools offer immense benefits, they also come with legal risks. Insurance brokers, producers, and account executives need to be aware.
November 7, 2023 Education & Training Liability Technology California

Insurtech Funding Hits Record High in Q3 with Over $1 Billion, Dominated by P&C Sector

Insurtech Funding Hits Record High in Q3 with Over $1 Billion, Dominated by P&C Sector

The global insurtech sector surpassed US$1.1 billion in new funding during the third quarter of 2023. This growth represented a 19.8% increase.
November 7, 2023 Insurance Industry Life & Health Property Technology California Massachusetts

Harnessing Advanced Analytics for Effective Catastrophe Risk Management

Harnessing Advanced Analytics for Effective Catastrophe Risk Management

Guy Carpenter’s Kimberly Roberts, Jeffrey Schmidt and Shannon Peterson outline the benefits of advanced analytics in managing catastrophe risk.
November 6, 2023 Catastrophe Risk Management Technology

Combatting the Talent Crunch: Strategies in the Insurance Sector

Combatting the Talent Crunch: Strategies in the Insurance Sector

According to Kelly Stevens, the SVP of loss adjusting at Crawford and Co., insurance companies are currently battling among one another to find and retain employees.
November 6, 2023 Education & Training Insurance Industry Risk Management

Nebraska Slaps Bright Health with $1M Fine for Claims Mishandling and Newborn Care Denials

Nebraska Slaps Bright Health with $1M Fine for Claims Mishandling and Newborn Care Denials

Nebraska insurance regulators reported thousands of problems with claims processing, including improper denials and late payments to medical providers.
November 6, 2023 Insurance Industry Legislation & Regulation Life & Health Nebraska

Blue Cross Blue Shield of Illinois Hit with Fines for Network Information Violations

Blue Cross Blue Shield of Illinois Hit with Fines for Network Information Violations

The state has fined Blue Cross Blue Shield of Illinois more than $200,000 over claims the insurance provider failed to provide updated and complete information about providers in its network.
November 6, 2023 Insurance Industry Legislation & Regulation Life & Health Illinois

Evaluating PBM Pricing Models: The Key Factors to Consider and Questions to Ask

Evaluating PBM Pricing Models: The Key Factors to Consider and Questions to Ask

Multiple factors affect PBM pricing. These are the questions payers need to ask to find the right fit (and get the most savings) for their company.
November 6, 2023 Insurance Industry Risk Management Workers' Compensation

Minnesota Men Face Federal Charges in Interstate Catalytic Converter Theft Ring

Minnesota Men Face Federal Charges in Interstate Catalytic Converter Theft Ring

Federal officials have charged four Minnesota men in a multi- million-dollar scheme to transport stolen catalytic converters to buyers in several states.
November 2, 2023 Auto Fraud Insurance Industry Litigation Colorado Minnesota New Jersey New York Oklahoma

Rising Reconstruction Costs and Climate Change Fuel Record High Natural Catastrophe Losses

Rising Reconstruction Costs and Climate Change Fuel Record High Natural Catastrophe Losses

It is over a decade since Verisk started producing its ‘Global Modeled Catastrophe Losses Report’, which, in 2023, projected a record high global modelled insured average annual loss from natural catastrophes.
November 2, 2023 Catastrophe Legislation & Regulation Property Risk Management

Storm Losses Dent P&C Sector Profits, Optimism Brews for 2025 Revival

Storm Losses Dent P&C Sector Profits, Optimism Brews for 2025 Revival

Severe convective storm losses—the highest in decades—significantly affected the 2023 net combined ratio for the property/casualty industry, according to the latest underwriting projections by Triple-I and Milliman actuaries.
November 2, 2023 Auto Catastrophe Legislation & Regulation Property Risk Management
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