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CDC Declares E. Coli Outbreak Linked to McDonald’s Burgers Over

CDC Declares E. Coli Outbreak Linked to McDonald’s Burgers Over

The CDC has concluded its investigation into an E. coli O157:H7 outbreak traced to McDonald’s Quarter Pounder burgers, which sickened 104 people in 14 states and led to one fatality.
December 3, 2024 Legislation & Regulation Litigation Risk Management

Legal System Abuse: The New Name Driving Insurance Industry Reform

Legal System Abuse: The New Name Driving Insurance Industry Reform

Insurance leaders at Triple-I’s 2024 Joint Industry Forum rebrand "social inflation" as "legal system abuse" to improve communication and drive legal reform for cost control.
December 3, 2024 Fraud Legislation & Regulation Litigation Risk Management Florida Georgia Kansas Louisiana Washington

Commercial Insurance Market Holds Steady Amid Pricing, Underwriting Gains

Commercial Insurance Market Holds Steady Amid Pricing, Underwriting Gains

Strong underwriting and moderate pricing gains sustain profitability in U.S. commercial insurance, despite pressures from casualty claims, social inflation, and evolving liabilities.
December 3, 2024 Liability Property Risk Management Technology

Insurance Faces Data Challenges in Climate Risk Planning

Insurance Faces Data Challenges in Climate Risk Planning

Fragmented data sources and limited integration are stalling the insurance industry’s ability to address climate risks, experts emphasize at the Global Insurance Forum.
December 2, 2024 Catastrophe Legislation & Regulation Risk Management Technology Florida

The Changing Role of Source Code Escrows in Cloud-Driven Insurance IT

The Changing Role of Source Code Escrows in Cloud-Driven Insurance IT

As cloud computing reshapes IT operations, the traditional value of source code escrows is diminishing, prompting insurance CIOs to rethink business continuity and vendor risk strategies.
December 2, 2024 Insurance Industry Legislation & Regulation Risk Management Technology

Shoplifting Operation Stole $2M in Goods, Resold in New York and Abroad

Shoplifting Operation Stole $2M in Goods, Resold in New York and Abroad

A shoplifting ring that stole $2 million in high-end goods across several states was dismantled, with stolen items resold online and in the Dominican Republic. New laws are being enforced to tackle organized retail theft.
December 2, 2024 Fraud Legislation & Regulation Liability Risk Management New Jersey New York

AI Tool Creates Accurate Satellite Images Predicting Floods

AI Tool Creates Accurate Satellite Images Predicting Floods

MIT researchers combine generative AI and physics models to create realistic satellite images of future floods, enhancing readiness and emergency planning.
December 2, 2024 Catastrophe Insurance Industry Risk Management Technology Texas

Record-Breaking 2024 Hurricane Season Ends with $50 Billion in Insured Losses

Record-Breaking 2024 Hurricane Season Ends with $50 Billion in Insured Losses

The 2024 Atlantic hurricane season, ending with 18 named storms, saw record-breaking storms, including Hurricane Milton, which inflicted billions in insured losses across the U.S.
December 2, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia Louisiana North Carolina South Carolina

Bridging the Gap Between AI and Human Touch in Customer Experience

Bridging the Gap Between AI and Human Touch in Customer Experience

Businesses must strike a balance between innovative AI tools and human intuition to meet evolving customer expectations and deliver exceptional experiences.
December 2, 2024 Auto Insurance Industry Technology

Essential Tips for Safely Deep Frying a Turkey This Thanksgiving

Essential Tips for Safely Deep Frying a Turkey This Thanksgiving

Deep frying a turkey can result in a delicious holiday centerpiece, but it’s essential to follow safety precautions to avoid injuries or fires. Here’s how to fry safely.
November 26, 2024 Catastrophe Property Risk Management

Ransomware Attack Forces Starbucks to Manually Track Employee Hours

Ransomware Attack Forces Starbucks to Manually Track Employee Hours

A ransomware attack on Blue Yonder, a software provider for scheduling and supply chain management, disrupted Starbucks’ systems, forcing manual payroll and scheduling for workers in North America.
November 26, 2024 Insurance Industry Risk Management Technology Workers' Compensation Arizona

Ohio Resident Sentenced to Five Years for $229K Insurance Fraud

Ohio Resident Sentenced to Five Years for $229K Insurance Fraud

An Ohio man has been sentenced for orchestrating a $229,000 insurance fraud scheme involving multiple companies and falsified claims, including property theft and fake medical expenses.
November 26, 2024 Fraud Insurance Industry Litigation Risk Management New York Ohio

New York High Court Enforces Uber’s Arbitration Clause Despite Preexisting Injury Lawsuit

New York High Court Enforces Uber’s Arbitration Clause Despite Preexisting Injury Lawsuit

New York’s highest court has upheld Uber’s arbitration requirement in a case involving a preexisting injury lawsuit, ruling the company’s clickwrap agreement is a valid contract.
November 26, 2024 Legislation & Regulation Liability Litigation Technology California Connecticut Illinois Massachusetts New York

New York Penalizes GEICO and Travelers Over Auto Insurance Cybersecurity Breaches

New York Penalizes GEICO and Travelers Over Auto Insurance Cybersecurity Breaches

New York imposes $11.3M in fines on GEICO and Travelers after data breaches exposed personal information of over 120,000 customers, citing insufficient cybersecurity controls.
November 26, 2024 Auto Legislation & Regulation Liability Technology New York

Top Insurance Risk Concerns Revealed in RiskScan 2024 Report

Top Insurance Risk Concerns Revealed in RiskScan 2024 Report

RiskScan 2024 highlights how cyber incidents, climate change, and economic inflation dominate risk concerns across insurers, businesses, and consumers, revealing critical gaps in awareness.
November 26, 2024 Education & Training Property Risk Management Technology
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