CoreLogic Inc. said Thursday that more than 33 million U.S. properties are at risk of hurricane-force wind damage and that there is $11.6 trillion of total reconstruction cost value at risk nationally for the 2023 Atlantic hurricane season.
In recent years, the concept of the metaverse has gained significant attention as a potential game-changer in the way we interact with digital content and each other. Metaverse technology is being hailed as the next frontier in the evolution of the internet, with its potential applications ranging from gaming and entertainment to education, e-commerce and even insurance.
Amazon has agreed to pay fines exceeding $30 million to settle allegations of privacy violations involving its voice assistant Alexa and doorbell camera Ring, as detailed in federal filings. The Federal Trade Commission (FTC) has filed two separate lawsuits against the tech giant, accusing it of privacy law violations.
The U.S. government’s highway safety agency is investigating complaints that the automatic emergency braking on big Freightliner semis can stop the trucks unexpectedly for no apparent reason.
ChatGPT feels pretty inescapable right now, with stories marveling at its abilities seemingly everywhere you look. We’ve seen how it can write music, render 3D animations, and compose music. If you can think of it, ChatGPT can probably take a shot at it.
In a significant move to protect the environment and public health, Attorney General Anthony G. Brown has announced the filing of two lawsuits on behalf of the State of Maryland.
The National Highway Traffic Safety Administration (NHTSA) has introduced a new regulation aimed at accelerating the adoption of automatic emergency braking (AEB) technology and its pedestrian protection capabilities.
A recent policy statement from the Federal Trade Commission on the collection of biometric information, such as fingerprints and retina scans, will put a national spotlight on the issue, which will likely lead to more litigation and regulatory action, experts say.
For nearly a decade, Denise Hancock always turned to a broker to find competitively priced home insurance. So when her insurer, United Property and Casualty, went under earlier this year, Hancock appealed to her longtime agent.
State Farm, the largest home and auto insurer in the U.S., announced on Friday its decision to cease new home insurance sales in California, citing concerns over escalating wildfire risks and soaring construction costs.
Injured workers often feel lost in the complex workers’ compensation benefit delivery systems. Difficult to understand, these systems leave injured workers confused, disbelieved and disrespected, which feeds a sense of hopelessness and abandonment. This can potentially contribute to the development or instigation of chronic pain perceptions and a poor outcome.
On March 24, 2023, Florida passed a sweeping tort reform bill into law, making major changes to civil litigation in the state. In anticipation of the Governor signing the bill into law, the number of new cases initiated throughout the state in March 2023 was 280,122. Of that amount, 71,000 came from Miami-Dade County (Miami) and 53,000 from Hillsborough County (Tampa). These numbers are staggering.
Uncertainty spawned by the debt ceiling debate will likely exacerbate the replacement cost inflation that has been putting upward pressure on property/casualty insurers’ loss ratios -- and, ultimately, consumers’ premium rates, according to Triple-I’s chief economist.
Unlocking the full potential of Predict & Prevent strategies takes teamwork. We need insurers, tech innovators, policymakers, customers and others working together to create, test and launch solutions that stop losses in their tracks. It’s an exciting idea, but how do we make it happen?
For over a decade, we have pretended to be paperless. We tout the fact that the file cabinets, the seven-part specialized file folders and massive mail rooms have all been eliminated and reduced, and we claim we are paperless. But we know we aren’t. Today’s paper is PDFs, Excels and Adobe.
