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Niches: The Future of the Insurance Market?

Niches: The Future of the Insurance Market?

Skyward Specialty’s CEO Andrew Robinson shares insights on the power of focusing on niche markets in insurance.
July 19, 2024 Insurance Industry Risk Management Technology Underwriting California

New Study Uncovers State Variations in Workers’ Compensation for First Responders’ Mental Health

New Study Uncovers State Variations in Workers’ Compensation for First Responders’ Mental Health

Recent research from the FIRST Center highlights significant differences in state workers’ compensation laws for first responders with mental health conditions, emphasizing the need for uniform presumption laws.
July 16, 2024 Legislation & Regulation Life & Health Risk Management Workers' Compensation Alaska Arizona California Colorado Connecticut

Addressing Rising Insurance Costs Through Education and Resilience

Addressing Rising Insurance Costs Through Education and Resilience

Triple-I emphasizes the importance of consumer education and community resilience to mitigate rising insurance costs driven by inflation, litigation, and natural disasters.
July 11, 2024 Education & Training Legislation & Regulation Property Risk Management California Florida Louisiana

Former New Orleans Police Officer Indicted in Botched Art Insurance Scam

Former New Orleans Police Officer Indicted in Botched Art Insurance Scam

A former New Orleans police officer faces up to 75 years in prison for orchestrating a fraudulent art heist insurance claim worth $128,500.
July 8, 2024 California Louisiana Nevada

AI Helps Cut Workers Comp Costs by Identifying Fraud and Difficult Claims

AI Helps Cut Workers Comp Costs by Identifying Fraud and Difficult Claims

Artificial intelligence is aiding insurers and employers in reducing workers comp costs by identifying difficult and fraudulent claims, but it remains a tool for claims handlers rather than a replacement.
July 8, 2024 Fraud Insurance Industry Technology Workers' Compensation California Georgia Massachusetts Missouri

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

Escalating Home Insurance Costs Linked to Disaster Risk: Insights from Mortgage Escrow Data

Escalating Home Insurance Costs Linked to Disaster Risk: Insights from Mortgage Escrow Data

An analysis of 47 million homeowners’ insurance expenditures reveals a sharp increase in premiums from 2020 to 2023, with disaster-prone areas experiencing the most significant hikes due to rising reinsurance costs.
July 1, 2024 Catastrophe Insurance Industry Property Risk Management California Florida Louisiana Texas

Lightning-Related Insurance Claims Soar in 2023

Lightning-Related Insurance Claims Soar in 2023

The Insurance Information Institute (Triple-I) reported a 30% increase in total claims value from 2022, highlighting the financial impact of severe convective storms.
June 19, 2024 Catastrophe Insurance Industry Property Risk Management Alabama California Florida Georgia Louisiana

Zyn Halts Online Sales Amidst Regulatory Scrutiny

Zyn Halts Online Sales Amidst Regulatory Scrutiny

Zyn, the popular nicotine pouch brand, has stopped online sales after receiving a subpoena from the District of Columbia’s attorney general regarding sales of flavored products.
June 19, 2024 Legislation & Regulation Liability Life & Health Technology California District Of Columbia Massachusetts New York

Copper Cable Theft Plagues EV Charging Stations

Copper Cable Theft Plagues EV Charging Stations

The rise in cable thefts is occurring amidst significant efforts by major U.S. automakers to promote electric vehicles as a key strategy to combat climate change.
June 19, 2024 Insurance Industry Property Risk Management Technology Arizona California Colorado Illinois Nevada

Heat-Related Injuries and Workers’ Compensation in California Agriculture

Heat-Related Injuries and Workers’ Compensation in California Agriculture

SB 1299 proposes a rebuttable presumption for heat-related injuries among agricultural workers in California, potentially shifting legal and administrative burdens in the workers’ compensation system.
June 18, 2024 Legislation & Regulation Liability Risk Management Workers' Compensation California

Alameda County DA Sues Home Insurance Companies for Underinsuring Homes

Alameda County DA Sues Home Insurance Companies for Underinsuring Homes

The Alameda County District Attorney’s Consumer Justice Bureau has filed a lawsuit against several home insurance carriers in California, including Farmers Insurance Exchange.
June 17, 2024 Fraud Legislation & Regulation Litigation Property California

Apple Faces Class Action Lawsuit for Alleged Gender Pay Disparities

Apple Faces Class Action Lawsuit for Alleged Gender Pay Disparities

A class action lawsuit filed in California accuses Apple of systematically underpaying women compared to men, despite the company’s public commitment to diversity and equality.
June 14, 2024 Insurance Industry Legislation & Regulation Litigation Technology California

Lawmakers Push for Unemployment Insurance Reforms After Pandemic Fraud

Lawmakers Push for Unemployment Insurance Reforms After Pandemic Fraud

In response to massive fraud during the COVID-19 pandemic, U.S. lawmakers are advocating for reforms to restore confidence and integrity in the unemployment insurance program.
June 13, 2024 Fraud Insurance Industry Legislation & Regulation Risk Management California Illinois
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