Limp Bizkit Sues Universal Music for $200 Million Over Alleged Unpaid Royalties
Fred Durst and Limp Bizkit have filed a lawsuit against Universal Music, seeking $200 million in unpaid royalties and the return of their copyrights, alleging the label systematically withheld payments owed to the band.
October 9, 2024
Insurance Industry
Liability
Litigation
Technology
California
Florida Court Rules Unlicensed Contractors Can Still Enforce Condo Contracts
A Florida appeals court decision could reshape insurance defense strategies, ruling that being unlicensed doesn’t automatically void a storm-remediation contract, depending on the work’s scope.
October 9, 2024
Catastrophe
Legislation & Regulation
Litigation
Property
Florida
Federal Flood Maps Lag Behind Climate Disasters, Leaving Millions at Risk
As climate-intensified storms expose the limitations of FEMA’s outdated flood maps, millions of Americans may face flood risks without adequate insurance protection, especially in areas prone to heavy rainfall.
October 9, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Georgia
North Carolina
South Carolina
Hurricane Milton Insurance Loss Projections Range from $15B to $150B, Says Icosa Investments
Icosa Investments forecasts insurance losses from Hurricane Milton could span from $15 billion to over $150 billion, depending on the storm’s intensity and landfall, with significant implications for the cat bond market.
October 9, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Hurricane Helene Losses Climb to $17.5 Billion in CoreLogic’s Final Estimate
CoreLogic’s latest estimate puts insured losses from Hurricane Helene between $10.5 billion and $17.5 billion, with total economic losses reaching up to $47.5 billion due to widespread wind and flood damage.
October 9, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Insurance Premium Increases Threaten Affordable Housing Stability
Rising insurance premiums are creating challenges for affordable housing providers, pushing some renters to the brink. As coverage options decrease, higher costs are being passed on to financially vulnerable renters and property owners.
October 9, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
OpenAI’s o1 Model Enhances Reasoning: A New Era for Insurance Adjusters
The new o1 model, released by OpenAI, introduces enhanced reasoning abilities to ChatGPT. This development promises to transform decision-making processes in insurance by reducing AI hallucinations and improving complex analysis.
October 9, 2024
Insurance Industry
Life & Health
Technology
Underwriting
How Insurers Help Domestic Abuse Survivors Achieve Financial Independence
Insurance plays a crucial role in empowering domestic abuse survivors by providing financial education and resources that foster long-term security and independence, breaking the cycle of abuse.
October 9, 2024
Education & Training
Insurance Industry
Life & Health
Risk Management
Navigating Customer Trust and Empathy in a GenAI-Driven World
As companies adopt generative AI tools, balancing AI-driven efficiency with authentic human interactions is essential for earning customer trust and maintaining empathy in high-stakes situations.
October 9, 2024
Insurance Industry
Risk Management
Technology
Hurricane Milton Threatens Central Florida with Potential Direct Hit
Hurricane Milton, set to make landfall as a Category 3 storm, could bring catastrophic impacts to Florida’s Gulf Coast, particularly the Tampa area, just two weeks after Hurricane Helene’s devastation.
October 9, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Georgia
North Carolina
South Carolina
Hurricane Milton Reaches Category 5 as Florida Orders Evacuations
Hurricane Milton intensifies to Category 5 as it heads toward Florida’s west coast, prompting evacuations while the state rushes to clear debris left by Hurricane Helene just two weeks ago.
October 7, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Hurricane Milton Strengthens to Category 4, Poised for Midweek Florida Landfall
Hurricane Milton, now a powerful Category 4 storm, is set to make landfall midweek in Florida, bringing life-threatening storm surges, heavy rain, and strong winds.
October 7, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Georgia
North Carolina
South Carolina
Reinsurance Brokers Caution of Hurricane Milton’s Potential Impact on Florida
Hurricane Milton is expected to intensify as it heads toward Florida. Reinsurance brokers are warning of potential significant impacts, including storm surges and wind damage.
October 7, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Hurricane Milton Intensifies as It Heads for Florida, Threatening Tampa Bay and Orlando
Hurricane Milton has become a Category 3 storm and is expected to reach Category 4 as it nears Florida, prompting storm surge warnings for Tampa Bay and potential evacuations across the region.
October 7, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
NFL Preseason Concussions Hit Record Low with Safety Measures in Place
The 2024 NFL preseason saw a record-low number of concussions, thanks to enhanced safety protocols, helmet innovations, and rule changes. This marks significant progress in player safety.
October 7, 2024
Legislation & Regulation
Litigation
Risk Management
Technology
