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Insurers Prepare for Paris Olympics Amid Cyber and Terrorism Threats

Insurers Prepare for Paris Olympics Amid Cyber and Terrorism Threats

As the 2024 Paris Olympics approach, insurers brace for potential financial losses due to threats of cyber attacks, terrorism, and political protests, heightening security concerns.
July 8, 2024 Insurance Industry Risk Management

July 4th Fireworks Ignite Wildfire in New Jersey, Burning 4,000 Acres in Wharton State Forest

July 4th Fireworks Ignite Wildfire in New Jersey, Burning 4,000 Acres in Wharton State Forest

A wildfire caused by July 4 fireworks has burned 4,000 acres in New Jersey’s Wharton State Forest, with containment now at 75%.
July 8, 2024 Catastrophe Legislation & Regulation Property Risk Management New Jersey

Hurricane Beryl Slams Texas with Deadly Force: 90 mph Gusts, Life-Threatening Storm Surge

Hurricane Beryl Slams Texas with Deadly Force: 90 mph Gusts, Life-Threatening Storm Surge

Hurricane Beryl made landfall in Texas, bringing 90 mph winds, torrential rain, and life-threatening storm surge, leaving one person dead and over 1.5 million without power.
July 8, 2024 Catastrophe Insurance Industry Property Risk Management Texas

Boosting Risk and Compliance: Key Insights from NAVEX’s 2024 Report

Boosting Risk and Compliance: Key Insights from NAVEX’s 2024 Report

The 2024 State of Risk and Compliance Report by NAVEX offers valuable insights from over 1,000 global R&C professionals, highlighting trends, challenges, and the impact of leadership and technology on compliance program maturity.
July 3, 2024 Insurance Industry Risk Management Technology

Personal Lines Underwriting Losses Impact US Property/Casualty Insurance Sector

Personal Lines Underwriting Losses Impact US Property/Casualty Insurance Sector

Significant losses in private passenger auto and homeowners segments drive continued unprofitability for the US property/casualty insurance sector.
July 2, 2024 Auto Insurance Industry Property Risk Management

Hurricane Beryl’s Unprecedented Early Season Impact Signals Climate Concerns

Hurricane Beryl’s Unprecedented Early Season Impact Signals Climate Concerns

Hurricane Beryl’s rapid intensification in early July breaks records and raises concerns about future storm activity due to climate change.
July 2, 2024 Catastrophe Property Risk Management Texas

New OSHA Rule to Protect Workers from Heat Illness

New OSHA Rule to Protect Workers from Heat Illness

OSHA’s proposed rule aims to safeguard indoor and outdoor workers from heat-related illnesses and deaths.
July 2, 2024 Legislation & Regulation Risk Management Workers' Compensation California Colorado Maryland Minnesota Oregon

Farmers Insurance Addresses Adjuster Concerns Following Anonymous Letter

Farmers Insurance Addresses Adjuster Concerns Following Anonymous Letter

Farmers Insurance responds to claims of understaffing and overworking made by an anonymous group of in-house adjusters, following a significant increase in claims and workforce reduction.
July 2, 2024 Insurance Industry Legislation & Regulation Litigation Workers' Compensation Alabama California Florida Georgia Tennessee

Adjuster’s Strategy Forces Uncooperative Claimant to Comply

Adjuster’s Strategy Forces Uncooperative Claimant to Comply

An insurance adjuster uses a debtor’s own words to return a wrecked truck to his driveway, forcing the claimant to finally cooperate.
July 2, 2024 Auto Fraud Insurance Industry Litigation

Rhode Island Domestic Workers Now Entitled to State Minimum Wage

Rhode Island Domestic Workers Now Entitled to State Minimum Wage

Democratic Gov. Daniel McKee signed a bill ensuring Rhode Island domestic workers receive the state minimum wage. Previously excluded, these workers will now earn at least $14 per hour, with an increase to $15 on January 1st.
July 2, 2024 Legislation & Regulation Life & Health Workers' Compensation Hawaii Massachusetts New York Rhode Island

Big Florida Insurers Close Nearly Half of Homeowner Claims Without Payment

Big Florida Insurers Close Nearly Half of Homeowner Claims Without Payment

Weiss Ratings, an independent insurance rating agency, reports that three major Florida homeowners insurance providers closed nearly half of their claims last year without any payment.
July 2, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Survey Reveals 40% Would Consider Inflating Home Insurance Claims

Survey Reveals 40% Would Consider Inflating Home Insurance Claims

A survey in Ireland and the UK by Aviva finds four in ten respondents might exaggerate home insurance claims for extra compensation, with a majority supporting stricter penalties for fraud.
July 1, 2024 Fraud Insurance Industry Property Risk Management

Nationwide $2.75 Billion Health Care Fraud Scheme Leads to 193 Charges

Nationwide $2.75 Billion Health Care Fraud Scheme Leads to 193 Charges

Nearly 200 individuals, including 13 from New Jersey, have been charged in a $2.75 billion health care fraud scheme that targeted Medicare, Medicaid, TRICARE, and private insurers.
July 1, 2024 Fraud Legislation & Regulation Life & Health Litigation New Jersey

Detroit Limits Police Use of Facial Recognition After Wrongful Arrest

Detroit Limits Police Use of Facial Recognition After Wrongful Arrest

Following a wrongful arrest, Detroit Police Department faces new restrictions on the use of facial recognition technology, prohibiting arrests based solely on its results.
July 1, 2024 Legislation & Regulation Liability Litigation Technology Michigan

Norfolk Southern Sued by Insurers Over Ohio Train Derailment

Norfolk Southern Sued by Insurers Over Ohio Train Derailment

Erie Insurance and other insurers have filed a lawsuit against Norfolk Southern, alleging negligence and state law violations following the 2023 Ohio train derailment and chemical spill.
July 1, 2024 Insurance Industry Liability Litigation Risk Management Ohio
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