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How AI is Revolutionizing Insurance Operations

How AI is Revolutionizing Insurance Operations

Generative AI is transforming commercial insurance by reducing costs and increasing efficiency through improved risk selection and service capabilities.
August 7, 2024 Risk Management Technology Underwriting

Hurricane Debby Hits Florida’s Big Bend, Promises Severe Southeast Flooding

Hurricane Debby Hits Florida’s Big Bend, Promises Severe Southeast Flooding

Hurricane Debby has made landfall in Florida's Big Bend with maximum sustained winds of 80 mph, leading to potential historic flooding from northern Florida to the Carolinas, along with gusty winds, storm surge, and tornadoes.
August 5, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina Virginia

Wood Pellet Plants in Southern U.S. Towns Linked to Health Issues and Pollution

Wood Pellet Plants in Southern U.S. Towns Linked to Health Issues and Pollution

Residents in predominantly Black towns like Gloster, Mississippi, report worsening health and environmental conditions since the expansion of wood pellet plants for renewable energy.
August 1, 2024 Catastrophe Insurance Industry Legislation & Regulation Alabama Arkansas California Louisiana Mississippi

CrowdStrike Faces Federal Securities Class Action from Investors

CrowdStrike Faces Federal Securities Class Action from Investors

The Plymouth County Retirement Association has filed a class action lawsuit against CrowdStrike in Texas, claiming the cybersecurity firm's software outage caused significant global disruptions and financial losses.
August 1, 2024 Litigation Risk Management Technology Texas

Florida Cat Fund May See Increased Bond Issuance Amid Active 2024 Hurricane Season

Florida Cat Fund May See Increased Bond Issuance Amid Active 2024 Hurricane Season

Florida's 2024 hurricane season, expected to be highly active, may lead to additional bond issuance for the Florida Hurricane Catastrophe Fund (FHCF) while Citizens Property Insurance Corporation is less likely to require new debt.
August 1, 2024 Catastrophe Insurance Industry Litigation Property Florida

The Future of College Athletics Hangs in the Balance as Court Denies NCAA’s Motion to Dismiss

The Future of College Athletics Hangs in the Balance as Court Denies NCAA’s Motion to Dismiss

A recent court ruling against the NCAA's motion to dismiss could redefine college athletes as employees, affecting their compensation and the future of college sports.
August 1, 2024 Education & Training Legislation & Regulation Litigation Risk Management

Insurance Executive Pleads Guilty to $1.5 Million Fraud Scheme

Insurance Executive Pleads Guilty to $1.5 Million Fraud Scheme

James Keating pleads guilty to defrauding Allied World Insurance Company of nearly $1.5 million. Keating, a former Assistant Vice President and surety bond claims handler, carried out the fraud while working for Allied World and later U.S. Fire Insurance Company.
July 31, 2024 Fraud Insurance Industry Liability Litigation Connecticut Pennsylvania

NOAA Proposes $575 Million for Coastal Climate Resilience

NOAA Proposes $575 Million for Coastal Climate Resilience

NOAA recommends $575 million in funding for 19 projects to enhance coastal climate resilience under the Investing in America agenda.
July 31, 2024 Catastrophe Legislation & Regulation Property Risk Management Alaska California Delaware Hawaii Louisiana

Oil and Gas Activity Likely Caused West Texas Earthquakes

Oil and Gas Activity Likely Caused West Texas Earthquakes

Recent damaging earthquakes in West Texas are likely caused by oil and gas activity, according to the USGS.
July 31, 2024 Catastrophe Legislation & Regulation Litigation Risk Management New Mexico Oklahoma Texas

Dollywood Visitors Navigate Floodwaters During Torrential Downpour

Dollywood Visitors Navigate Floodwaters During Torrential Downpour

Visitors wade through knee-deep water as Dollywood floods due to a torrential downpour.
July 31, 2024 Catastrophe Insurance Industry Liability Risk Management Tennessee

Amazon Held Accountable for Hazardous Products Sold by Third-Party Sellers on Amazon.com

Amazon Held Accountable for Hazardous Products Sold by Third-Party Sellers on Amazon.com

The U.S. Consumer Product Safety Commission has ruled that Amazon is responsible for recalling over 400,000 defective products sold by third-party sellers on its platform, including faulty CO detectors, unsafe hairdryers, and children's sleepwear that fail flammability standards.
July 30, 2024 Legislation & Regulation Liability Technology District Of Columbia

Gulf Coast Residents Urged to Monitor Developing Tropical Wave

Gulf Coast Residents Urged to Monitor Developing Tropical Wave

Meteorologists caution Gulf Coast residents about a potential tropical cyclone forming in the Atlantic as the 2024 hurricane season intensifies.
July 30, 2024 Catastrophe Insurance Industry Property Risk Management Florida

Alaska Supreme Court Clarifies Workers’ Compensation Coverage in Friendship-Based Employment Case

Alaska Supreme Court Clarifies Workers’ Compensation Coverage in Friendship-Based Employment Case

The Alaska Supreme Court ruled that hiring a friend for work on another friend's property does not exempt the employer from workers' compensation coverage, rejecting the so-called "buddy exemption."
July 30, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation Alaska

Historic $3.75M Workers’ Rights Settlement Benefits Over 1,200 D.C. Construction Workers

Historic $3.75M Workers’ Rights Settlement Benefits Over 1,200 D.C. Construction Workers

In a landmark settlement, more than 1,200 construction workers in Washington D.C. will receive restitution for lost compensation and sick leave, marking the largest workers' rights deal in the city's history.
July 30, 2024 Fraud Legislation & Regulation Litigation Workers' Compensation District Of Columbia Maryland Virginia

Man Faces Charges in Houston Roofing Fraud Case

Man Faces Charges in Houston Roofing Fraud Case

A Galveston County, Texas man is charged with felony criminal mischief for allegedly damaging a roof to file a fraudulent storm damage insurance claim, authorities report.
July 30, 2024 Fraud Insurance Industry Litigation Property Texas
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