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Rising Roof Claims Challenge Insurers Amid Severe Weather and Roofing Scams

Rising Roof Claims Challenge Insurers Amid Severe Weather and Roofing Scams

Severe weather, inflation, and roofing scams are driving a surge in roof-related insurance claims, forcing the industry to adjust coverage and policy conditions to manage risks.
November 18, 2024 Catastrophe Fraud Insurance Industry Property Texas

Transforming Claims with Technology: Predictive Analytics and Machine Learning

Transforming Claims with Technology: Predictive Analytics and Machine Learning

Predictive analytics and machine learning are reshaping insurance claims management by enhancing efficiency, detecting fraud, and improving customer satisfaction.
November 18, 2024 Fraud Insurance Industry Risk Management Technology

Michigan Workers’ Comp Reforms Could Reshape Benefits and Disability Rules

Michigan Workers’ Comp Reforms Could Reshape Benefits and Disability Rules

Proposed Michigan legislation seeks to redefine workers’ compensation laws by increasing benefit caps, revising the definition of disability, and eliminating distinctions between total and partial disabilities.
November 18, 2024 Insurance Industry Legislation & Regulation Risk Management Workers' Compensation Michigan

Can Crime Victims Access a Convict’s Workers’ Compensation Settlement Under the Son of Sam Law?

Can Crime Victims Access a Convict’s Workers’ Compensation Settlement Under the Son of Sam Law?

A New York court ruled that workers’ compensation settlement funds are not exempt under the Son of Sam Law, allowing crime victims to seek recovery even if the funds were obtained before conviction.
November 18, 2024 Legislation & Regulation Liability Litigation Workers' Compensation New York

Jacksonville Insurance Employees Arrested for $1.14M Fraud Scheme

Jacksonville Insurance Employees Arrested for $1.14M Fraud Scheme

Two Jacksonville healthcare employees allegedly submitted over 40 false claims, defrauding their employer of $1.14 million from 2019 to 2023. Both face serious charges.
November 18, 2024 Fraud Insurance Industry Legislation & Regulation Risk Management Florida

Insurance Sector on the Brink of Change with Generative AI Advances

Insurance Sector on the Brink of Change with Generative AI Advances

AI, driven by breakthroughs in computing power and generative models, is reshaping claims processing, customer service, and operational efficiency in the insurance industry.
November 18, 2024 Insurance Industry Technology Underwriting

Insurers Turn to AI Models to Tackle Rising Losses from Extreme Weather

Insurers Turn to AI Models to Tackle Rising Losses from Extreme Weather

A ZestyAI survey reveals growing confidence in AI risk models, with insurers emphasizing the importance of innovation in addressing climate-related challenges and profitability.
November 18, 2024 Catastrophe Insurance Industry Risk Management Technology

Navigating Flood Insurance Challenges After Hurricanes Helene and Milton

Navigating Flood Insurance Challenges After Hurricanes Helene and Milton

Hurricanes Helene and Milton highlight significant issues in the U.S. flood insurance market, showcasing the gaps in coverage, private market growth, and lessons from Florida’s response.
November 18, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

OSHA Reports Fewer Worker Fatalities Investigated in 2024

OSHA Reports Fewer Worker Fatalities Investigated in 2024

Worker fatalities investigated by OSHA decreased by 11% in FY 2024, marking the lowest count since 2017. Efforts targeting falls and trench collapses significantly contributed to the decline.
November 18, 2024 Insurance Industry Legislation & Regulation Risk Management Workers' Compensation

Flood Insurance Gaps Highlighted by Hurricane Helene’s Impact

Flood Insurance Gaps Highlighted by Hurricane Helene’s Impact

The devastation caused by Hurricane Helene sheds light on the widespread lack of flood insurance, revealing critical challenges in accessibility, affordability, and risk awareness.
November 18, 2024 Legislation & Regulation Property Risk Management Florida Louisiana Texas

Cybercrime on the Rise: Most Americans Report Scam Attempts

Cybercrime on the Rise: Most Americans Report Scam Attempts

A recent report highlights that nearly all Americans have been targeted by digital scams, with billions lost annually to sophisticated cybercrime schemes.
November 15, 2024 Fraud Insurance Industry Risk Management Technology

AI Revolutionizes Hurricane Forecasting with Unprecedented Accuracy

AI Revolutionizes Hurricane Forecasting with Unprecedented Accuracy

AI weather models like GraphCast demonstrated remarkable accuracy during this hurricane season, outperforming traditional models in predicting storm tracks but facing challenges with intensity forecasting.
November 15, 2024 Catastrophe Risk Management Technology Louisiana Texas

Worker Deaths Decline as OSHA Focuses on Safety Enforcement and Education

Worker Deaths Decline as OSHA Focuses on Safety Enforcement and Education

A new OSHA report shows an 11% drop in worker fatalities, with significant declines in deaths from trench collapses and falls, attributed to targeted safety efforts, enforcement, and outreach initiatives.
November 14, 2024 Education & Training Legislation & Regulation Risk Management Workers' Compensation

North Carolina Insurance Agent Faces Charges for Forgery and Embezzlement

North Carolina Insurance Agent Faces Charges for Forgery and Embezzlement

A North Carolina insurance agent faces embezzlement charges after allegedly taking premiums without securing policies, following a history of regulatory penalties and surrendered licenses.
November 14, 2024 Fraud Insurance Industry Legislation & Regulation Liability North Carolina

New Climate Research Reveals Worsening Global Conditions in 2024

New Climate Research Reveals Worsening Global Conditions in 2024

As COP29 unfolds in a year of record-high temperatures, new research reveals accelerating climate effects, from supercharged storms and wildfire deaths to a slowing Atlantic current, raising concerns about a range of tipping points.
November 14, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida North Carolina
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