News / Claims Pages / Page 16

Rising Elder Fraud Losses Highlight Need for Personal Cyber Insurance

As elder fraud losses soar past $3.4 billion, cybersecurity risks grow more complex. Personal cyber insurance offers broader protection, covering identity theft, online fraud, and other cybercrimes targeting vulnerable populations.

September 23 Fraud Insurance Industry Life & Health Technology

Evolving Worker Activity Tools Now Powering AI Data Generation in the Insurance Industry

COVID-era worker activity monitoring tools have evolved into sophisticated AI data generators, helping insurers tackle rising repair costs, litigation, and labor shortages while improving operational efficiency.

September 23 Auto Litigation Risk Management Technology

Workers’ Compensation Outpaces P&C Lines with Sustained Profitability and Low Claims Frequency

Workers’ compensation continues to boost the property and casualty insurance industry with an 88.7 combined ratio in 2023, driven by reduced claims frequency, workplace safety, and competitive market conditions.

September 23 Insurance Industry Legislation & Regulation Risk Management Workers' Compensation

Climate Change Drives Global Surge in Fires, Floods, and Drought

The impact of climate change is becoming more visible worldwide, with intensifying wildfires, severe droughts, and devastating floods affecting regions from Brazil to Southeast Asia.

September 19 Catastrophe Litigation Property Risk Management California North Carolina

Nintendo Sues Pocketpair Over Alleged Patent Infringement in Hit Game Palworld

Nintendo and affiliate Pokemon Co. have filed a lawsuit against Pocketpair Inc. for alleged patent infringement tied to Palworld, citing gameplay mechanics as a potential issue. The case seeks an injunction and damages.

September 19 Insurance Industry Litigation Technology

Ohio’s Strategy to Attract and Train Insurance Talent

Ohio’s successful collaboration between universities, insurance companies, and stakeholders offers an effective model for recruiting and educating new talent in the insurance and risk management fields.

September 19 Education & Training Insurance Industry Risk Management Technology Ohio

NFL Teams Losing Millions in Cap Space by Skipping Insurance on Star Quarterbacks

The Aaron Rodgers injury and Jets’ decision to skip insurance on his contract highlight how NFL teams can lose significant cap space and insurance proceeds when failing to protect high-value players.

September 18 Insurance Industry Legislation & Regulation Litigation Risk Management California Florida New York Ohio Pennsylvania

Insurance HR Professionals Tackle Talent Retention and AI Concerns in 2024

Insurance industry HR leaders continue to battle long-standing challenges like talent retention, while preparing for AI’s impact on workforce management in 2024.

September 18 Insurance Industry Risk Management Technology Workers' Compensation

Homeowners Insurance Costs Surge Across the U.S., Florida Takes the Lead with Soaring Rates

Homeowners across the U.S. are facing sharp insurance premium hikes, with Florida seeing the steepest increases, fueled by hurricane risks, fraud, and lack of competition.

September 18 Catastrophe Litigation Property Risk Management Florida Louisiana Texas

Parametric Insurance Protects Surf Ecosystems as Global Surfing Economy Booms

A groundbreaking parametric insurance model is being used to safeguard surf ecosystems from environmental damage, starting in El Salvador, as part of a global effort to protect valuable natural resources.

September 18 Catastrophe Insurance Industry Property Risk Management

Fed Rate Cut to Boost Insurance Portfolios, Affect Premiums and Underwriting

The Federal Reserve’s unexpected rate cut could boost insurance portfolios, while potentially increasing premiums and altering underwriting practices across the sector.

September 18 Insurance Industry Life & Health Property Underwriting

Pennsylvania Court Upholds Widow’s $2.3M Asbestos Verdict, Orders Full Delay Damages

A Pennsylvania appeals court upheld a $2.3 million verdict for the widow of a mesothelioma victim, ruling that COVID-19-related court delays do not exempt defendants from paying full delay damages in asbestos cases.

September 18 Liability Litigation Risk Management Workers' Compensation Pennsylvania

Lawmakers Push for UI Fraud Prevention While Improving Equity and Access

In response to pandemic-era unemployment fraud, lawmakers propose solutions to improve fraud prevention and equity in UI systems, leveraging technology and data-sharing practices.

September 18 Fraud Insurance Industry Legislation & Regulation Technology Alabama Kentucky New Jersey Vermont

Justice Department Accuses Cargo Ship Owner of Negligence in Baltimore Bridge Collapse Lawsuit

The Justice Department is seeking to recover over $100 million, alleging that the owner and manager of the cargo ship responsible for the Baltimore bridge collapse ignored critical electrical issues and cut safety corners, leading to the fatal disaster.

September 18 Catastrophe Liability Litigation Marine Maryland

Executives Shift Focus to Technology Obsolescence as Cyber Risk Concerns Drop

Business leaders are increasingly concerned about technology becoming obsolete due to rapid innovations like AI, while focus on cyber risk is declining, despite escalating cyber threats.

September 18 Insurance Industry Risk Management Technology