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Property and Casualty Insurers: Pioneers in Ethical AI Adoption

Property and Casualty Insurers: Pioneers in Ethical AI Adoption

The Insurance Information Institute’s white paper emphasizes the crucial role of property and casualty insurers in leading the ethical development and application of artificial intelligence.
September 3, 2024 Insurance Industry Legislation & Regulation Risk Management Technology

Early Case Assessment Strategies to Slash Litigation and Outcome Costs

Early Case Assessment Strategies to Slash Litigation and Outcome Costs

Implementing early case assessment strategies is crucial for claims departments looking to reduce unnecessary litigation and lower overall costs. Discover five proven tactics to streamline your ERA process and improve outcomes.
September 3, 2024 Education & Training Litigation Risk Management Technology

Navigating Construction Challenges and Emerging Trends

Navigating Construction Challenges and Emerging Trends

The construction industry faces rising costs, labor shortages, and the adoption of new technologies as it prepares for the future, requiring strategic planning and innovation to navigate these challenges effectively.
September 3, 2024 Litigation Property Risk Management Technology

Wildfire Solutions: How Tech Entrepreneurs Are Innovating to Combat Flames

Wildfire Solutions: How Tech Entrepreneurs Are Innovating to Combat Flames

With wildfires intensifying due to climate change, tech startups in Silicon Valley are creating innovative solutions, from AI-driven forest management to automated firebreaks, to mitigate future risks.
September 3, 2024 Catastrophe Property Risk Management Technology California

Strangest Claims and Encounters Shared by Insurance Adjusters

Strangest Claims and Encounters Shared by Insurance Adjusters

Adjusters share bizarre and unsettling stories from the field, ranging from surreal encounters to harrowing situations that shed light on the unpredictable nature of their work.
August 29, 2024 Catastrophe Fraud Liability Weird Nevada New Jersey New Mexico

Understanding General Aviation Insurance Claims: What Causes Rate Hikes?

Understanding General Aviation Insurance Claims: What Causes Rate Hikes?

General aviation insurance claims reveal surprising trends in accident types that drive up costs, including gear-up landings, prop strikes, and loss of control on the ground, all of which contribute to rising insurance rates.
August 29, 2024 Liability Property Risk Management

High Revenue-Based Crop Insurance Claims Expected This Fall

High Revenue-Based Crop Insurance Claims Expected This Fall

Many farmers may face revenue-based crop insurance claims this fall due to falling commodity prices, emphasizing the importance of proactive communication with insurance agents to meet crucial deadlines.
August 29, 2024 Insurance Industry Property Risk Management

Tennessee Supreme Court Upholds State’s Workers’ Compensation Injury Definition

Tennessee Supreme Court Upholds State’s Workers’ Compensation Injury Definition

Tennessee’s definition of "injury" for workers’ compensation, requiring proof that employment contributed more than 50% to the injury, has been upheld as constitutional by the state’s Supreme Court, despite a worker’s challenge.
August 29, 2024 Insurance Industry Legislation & Regulation Litigation Workers' Compensation Tennessee

Hailstorms to Produce Larger Hailstones as Climate Warms, Posing Greater Damage Risks

Hailstorms to Produce Larger Hailstones as Climate Warms, Posing Greater Damage Risks

A new study predicts that climate change will lead to larger hailstones by mid-to-late century, resulting in increased damage risks to aircraft, vehicles, and buildings due to stronger thunderstorm updrafts.
August 29, 2024 Catastrophe Legislation & Regulation Property Risk Management Ohio

North Carolina Supreme Court Rules on Validity of Homeowner’s Insurance Cancellation Before Fire Loss

North Carolina Supreme Court Rules on Validity of Homeowner’s Insurance Cancellation Before Fire Loss

The North Carolina Supreme Court upheld a ruling that a mailed cancellation notice met state requirements, effectively voiding a homeowner’s insurance policy weeks before a fire destroyed the property.
August 29, 2024 Legislation & Regulation Litigation Property Risk Management North Carolina

Restoration Best Practices for Insurance Adjusters: Safeguarding Policyholders and Minimizing Losses

Restoration Best Practices for Insurance Adjusters: Safeguarding Policyholders and Minimizing Losses

Understanding restoration best practices is essential for insurance professionals to minimize losses, protect policyholders’ belongings, and make informed decisions when engaging recovery experts after incidents like floods, fires, or natural disasters.
August 29, 2024 Catastrophe Insurance Industry Property Risk Management

San Francisco Tow Company Owner Faces New Federal Insurance Fraud Charges

San Francisco Tow Company Owner Faces New Federal Insurance Fraud Charges

The owner of multiple towing companies in San Francisco has been charged again with federal insurance fraud, involving staged crashes and fraudulent claims, just weeks after a similar case was filed.
August 29, 2024 Auto Fraud Insurance Industry Litigation California

NYC’s DCWP Secures Over $600,000 for Consumers Exploited by R.G. Ortiz Funeral Homes

NYC’s DCWP Secures Over $600,000 for Consumers Exploited by R.G. Ortiz Funeral Homes

The NYC Department of Consumer and Worker Protection (DCWP) has secured over $600,000 in restitution and civil penalties from R.G. Ortiz Funeral Homes for exploiting grieving consumers, particularly in Spanish-speaking communities.
August 28, 2024 Fraud Legislation & Regulation Life & Health Litigation New York

Coney Island Cyclone Closed After Mid-Ride Stop, Repairs Underway

Coney Island Cyclone Closed After Mid-Ride Stop, Repairs Underway

The iconic 97-year-old Coney Island Cyclone roller coaster in Brooklyn, NY, has been closed indefinitely after a mid-ride halt caused by a damaged chain sprocket. No injuries were reported.
August 28, 2024 Liability Property Risk Management New York

Atlantic Hurricane Activity Expected to Surge in September as Conditions Favor Storm Formation

Atlantic Hurricane Activity Expected to Surge in September as Conditions Favor Storm Formation

Meteorologists predict an active September in the Atlantic, with up to 10 named storms potentially forming as reduced wind shear and dry air create favorable conditions for hurricane development.
August 28, 2024 Catastrophe Insurance Industry Property Risk Management Florida New York North Carolina Pennsylvania South Carolina
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