The Essential Role of Data Cleansing in Insurance Operations
Accurate data is vital for insurance success, impacting underwriting, compliance, and customer satisfaction. Discover how cleansing processes ensure quality and reduce risks.
January 2
Insurance Industry
Risk Management
Technology
Underwriting
Rising Home Insurance Nonrenewals Reshape Housing Market Across the U.S.
As climate-driven disasters increase, nonrenewed home insurance policies are surging nationwide, impacting property values, mortgages, and economic stability in vulnerable communities.
December 30, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
California
Colorado
Connecticut
Florida
Florida Insurers Expanding Product Lines as Market Dynamics Shift
Amelia Underwriters and Security First Insurance introduce new insurance products, targeting homeowners and businesses, signaling cautious growth in Florida’s evolving market.
December 30, 2024
Insurance Industry
Legislation & Regulation
Liability
Property
Florida
AT&T and Verizon Confirm Salt Typhoon Hack Resolved
AT&T and Verizon report their networks are secure following a China-linked Salt Typhoon hack targeting high-profile individuals, as telecoms and government work to address vulnerabilities.
December 30, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
AI in Claims: The Battle Against Fraud’s High-Tech Evolution
Insurance companies are leveraging AI to combat claims fraud while grappling with criminals using the same tools to exploit vulnerabilities, driving an urgent need for innovation.
December 30, 2024
Fraud
Litigation
Risk Management
Technology
Rising Home Insurance: Could Harmonic Distortion in Power Systems Be to Blame?
Harmonic distortion is a hidden electrical issue that strains appliances, raises fire risks, and may soon drive up home insurance rates in areas near high-energy data centers.
December 30, 2024
Insurance Industry
Property
Risk Management
Technology
How Technology Enhances Insurance Solutions for SMBs
Technology empowers insurance agencies to serve small and medium-sized businesses by automating processes, improving coverage accuracy, and personalizing customer experiences.
December 30, 2024
Education & Training
Insurance Industry
Risk Management
Technology
Secrets Behind Customer Satisfaction: Insights from Erie and Amica
Erie Insurance and Amica Mutual Insurance share their strategies for delivering high customer satisfaction, emphasizing service-minded employees, technical training, and transparent communication.
December 26, 2024
Education & Training
Insurance Industry
District Of Columbia
Pennsylvania
Rhode Island
Minnesota Secures $300K Settlement with Florida Firm Over Worker Misclassification
A Florida company, accused of misclassifying Minnesota workers, settles for $300,000 and halts operations in the state, addressing worker misclassification and lost benefits.
December 26, 2024
Fraud
Insurance Industry
Legislation & Regulation
Workers' Compensation
Florida
Minnesota
Florida Man Accused of Hurricane Irma Insurance Fraud
A man from Coral Springs, Florida, is under investigation for insurance fraud after allegedly filing a false claim for Hurricane Irma damages, with encouragement from their public adjuster.
December 26, 2024
Fraud
Insurance Industry
Litigation
Property
Florida
Insurance Company Targets 180 Health Care Providers in $450M Fraud Lawsuit
American Transit Insurance Co. has filed a $450 million lawsuit against over 180 healthcare providers under the RICO Act, alleging no-fault insurance fraud, kickbacks, and overbilling in New York.
December 26, 2024
Fraud
Insurance Industry
Legislation & Regulation
Litigation
New York
Three Years After Marshall Fire: Hidden Health Risks in Smoke-Damaged Homes
Even homes that escaped flames during the Marshall Fire may harbor harmful chemicals from wildfire smoke, posing long-term health risks for residents.
December 26, 2024
Catastrophe
Life & Health
Property
Risk Management
Colorado
Are Design Professionals Liable for Nuisance? A Growing Debate in Construction Law
As nuisance claims against design professionals rise, courts emphasize the essential role of control in determining liability, often redirecting such claims to professional negligence.
December 26, 2024
Legislation & Regulation
Liability
Litigation
Risk Management
Georgia
Oregon Lawmakers Seek Utility Rate Freeze for Ongoing Wildfire Lawsuits
Oregon lawmakers plan to introduce legislation preventing utility rate hikes while lawsuits related to the 2020 wildfires remain unresolved, targeting accountability for PacifiCorp.
December 26, 2024
Catastrophe
Legislation & Regulation
Litigation
Risk Management
Oregon
Catastrophe Bonds Drive Market Growth to Record $50 Billion
Catastrophe bonds reached a record $17.7 billion in issuance for 2024, as insurers turn to private investors to manage growing climate-related risks and rising rebuilding costs.
December 26, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
