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
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'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 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
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
Florida’s Insurance Market Faces Collapse Amid Controversial Ratings Agency Claims
Florida regulators subpoena Weiss Ratings over claims the state's insurance market is collapsing. The agency's founder defends his warnings, citing widespread issues with unpaid claims.
November 22, 2024
Insurance Industry
Legislation & Regulation
Litigation
Property
Florida
Thanksgiving Travel Expected to Break Records, Says AAA
Thanksgiving travel this year is expected to surpass pre-pandemic levels, with nearly 80 million Americans traveling by car, air, and other modes, setting new records across the board.
November 22, 2024
Auto
Insurance Industry
Risk Management
California
Florida
Hawaii
New York
Washington
Pennsylvania Jury Orders Sig Sauer to Pay $11M in Pistol Defect Lawsuit
A Pennsylvania jury awarded $11 million to a veteran injured by a Sig Sauer P320 pistol that allegedly fired without the trigger being pulled, citing design flaws and negligence.
November 22, 2024
Legislation & Regulation
Liability
Litigation
Risk Management
Georgia
New Hampshire
Pennsylvania
AI-Based Tenant Screening Settlement Highlights Alleged Algorithmic Bias
A class action lawsuit against SafeRent Solutions over alleged discriminatory algorithms concludes with a $2.2 million settlement and restrictions on AI screening practices.
November 22, 2024
Legislation & Regulation
Litigation
Risk Management
Technology
Massachusetts
Rising Climate Risks Drive 13% of US Homebuyers to Consider Moving
Concerns about natural disasters and climate risks are influencing 13.7% of US homebuyers to relocate, with low-risk areas seeing faster home value growth for the first time since 2010.
November 22, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
Florida
Texas
Sea Level Rise by 2100 Could Displace Millions and Damage $1 Trillion in Property
A one-meter rise in sea levels by 2100 may expose over 14 million people and $1 trillion worth of property to flooding, erosion, and subsidence along the Southeast Atlantic coast.
November 22, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Virginia
Emerging Trends in Liability Claims Reshape U.S. Risk Landscape
Liability claims are surging due to nuclear verdicts, evolving litigation trends, and the influence of AI, according to Allianz Commercial's latest report.
November 22, 2024
Liability
Litigation
Technology
Florida
West Coast Faces Extreme Weather: Bomb Cyclone and Atmospheric River Threaten Devastation
A historic bomb cyclone brings hurricane-force winds and mass power outages to the Pacific Northwest, while a converging atmospheric river intensifies the threat with flooding rains.
November 20, 2024
Catastrophe
Property
Risk Management
California
Oregon
Washington
AI Weather Models Prove Effective During Hurricane Season
AI-powered weather models, like Google DeepMind's GraphCast, are transforming hurricane forecasting, demonstrating enhanced accuracy and speed compared to traditional physics-based methods.
November 20, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Louisiana
Texas
New York Broker Pleads Guilty in $38 Million Nursing Home Tax Fraud Scandal
Joseph Schwartz, a New York insurance broker, pleaded guilty to charges of employment tax fraud and failing to file financial reports for nursing home facilities across 11 states.
November 20, 2024
Fraud
Insurance Industry
Legislation & Regulation
Liability
New Jersey
New York
