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Judge Rules Plaintiff’s Proximity to Insured Vehicle Excludes Him From Coverage

Judge Rules Plaintiff’s Proximity to Insured Vehicle Excludes Him From Coverage

An insurance company isn’t required to cover a man who was severely injured after he was struck by a vehicle in the process of helping an unconscious motorist.
October 13, 2023 Auto Insurance Industry Litigation West Virginia

Tree Service Owner Charged with Insurance Fraud, Denial of Workers’ Comp Benefits

Tree Service Owner Charged with Insurance Fraud, Denial of Workers’ Comp Benefits

‘Cases like this one are particularly egregious, employees were not only put at great risk, but they were denied their hard-earned wages,’ Ricardo Lara, California insurance commissioner, said in a release.
October 12, 2023 Fraud Workers' Compensation

The Promise of Continuous Underwriting

The Promise of Continuous Underwriting

Typically, a risk is underwritten, bound... and forgotten. But new streams of data and automation allow for continuous underwriting.
October 12, 2023 Technology Underwriting

Minnesota Contractor Pleads Guilty to Insurance Fraud After Nail Injures Employee’s Eye

Minnesota Contractor Pleads Guilty to Insurance Fraud After Nail Injures Employee’s Eye

Nelson Israel Lopez Giron, the owner of wood-framing firm Giron Construction, tried to claim the employee wasn’t his.
October 12, 2023 Fraud Workers' Compensation Minnesota

The Midwest: Potential Hotspot for Deadly ‘Moist Heat Stress’

The Midwest: Potential Hotspot for Deadly ‘Moist Heat Stress’

Large parts of the world, including China and the Midwest US, are on track to become too hot for humans to handle as accelerating global temperatures expose billions to heat and humidity so extreme their bodies will no longer be able to cope, according to a new study.
October 12, 2023 Catastrophe Education & Training Risk Management Illinois Indiana Iowa Kansas Missouri

Former Ravens Running Back Ray Rice Withdraws Workers’ Compensation Appeal Amid Settlement

Former Ravens Running Back Ray Rice Withdraws Workers’ Compensation Appeal Amid Settlement

Former Ravens running back Ray Rice has withdrawn an appeal that he filed in a workers’ compensation case after his attorney and counsel for the team and its insurance company reported that they had reached a settlement.
October 11, 2023 Workers' Compensation Maryland

Wisconsin Car Insurance Rates Rose 38.9% in 2023. What Happened?

Wisconsin Car Insurance Rates Rose 38.9% in 2023. What Happened?

Auto insurance rates have gone up across most of the U.S., with the national average premium increasing by 16% from 2022 to 2023. However, Wisconsin drivers saw one of the biggest increases of any state in the country.
October 11, 2023 Auto Insurance Industry Wisconsin

Less Red Ink in Florida, Two New Insurers, and Citizens Wants Commercial Take-outs

Less Red Ink in Florida, Two New Insurers, and Citizens Wants Commercial Take-outs

Florida-based insurers still aren’t profitable, overall, but their net losses and underwriting losses are getting smaller. Two more property insurance companies are preparing to enter the Florida market.
October 11, 2023 Insurance Industry Legislation & Regulation Litigation Property Florida

’Post-Quantum’ Agility Is Critical

’Post-Quantum’ Agility Is Critical

As the world becomes increasingly reliant on connected technology, the threat of cyberattacks and data breaches continues to grow.
October 11, 2023 Risk Management Technology

What Workers’ Comp Can Glean from the Connection of Digestive Health to Mental Wellness

What Workers’ Comp Can Glean from the Connection of Digestive Health to Mental Wellness

When trying to improve workers’ compensation outcomes, there is a mental health aspect that must be considered. According to a large epidemiological study, 50% of the U.S. population will struggle with a mental health issue at some point in their lives.
October 10, 2023 Education & Training Life & Health Workers' Compensation

‘Predict & Prevent’ Can Rescue Insurance

‘Predict & Prevent’ Can Rescue Insurance

Soaring combined ratios demonstrate P&C insurance is due for fundamental, structural reform. Innovative solutions are available.
October 10, 2023 Insurance Industry Risk Management Technology

Truist in Talks to Sell Insurance Business for $10 Billion

Truist in Talks to Sell Insurance Business for $10 Billion

Truist Financial is in talks to sell its insurance brokerage unit to private equity firm Stone Point for about $10 billion, news website Semafor reported on Monday, citing people familiar with the matter.
October 10, 2023 Insurance Industry Technology

Using an Accident Reconstructionist for Rapid Response in Claims Investigations

Using an Accident Reconstructionist for Rapid Response in Claims Investigations

Often, when a commercial motor vehicle driver reports an accident, the details of the collision are murky, and the severity of the accident is understated.
October 10, 2023 Auto Education & Training Technology

Generative AI: The Good, the Bad, and the Ugly

Generative AI: The Good, the Bad, and the Ugly

Prompt: Write me a one-to-two paragraph magazine article introduction about artificial intelligence being a mind extension tool, as defined by Clark and Chalmers’ extended mind theory.
October 9, 2023 Insurance Industry Technology

Sam Bankman-Fried Case Provides Lessons on Fraud and D&O Insurance

Sam Bankman-Fried Case Provides Lessons on Fraud and D&O Insurance

Sam Bankman-Fried’s criminal trial started this week; and on the same day, he sued one of his director & officer insurers. And a lot of people are asking, why? Is the timing a coincidence or on purpose? Shouldn’t he be focused on the criminal trial? The answer is: he is.
October 9, 2023 Fraud Insurance Industry Litigation
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