Gore Street Capital Deploys Advanced Battery Analytics for Better Insurance Terms on UK Energy Projects

Gore Street Energy Storage Fund has successfully implemented a predictive analytics solution, achieving improved insurance terms for its UK energy storage projects.
April 30, 2024 Auto Insurance Industry Risk Management Technology California Texas

Sacramento Business Owner Fined Over $687K for Workers’ Comp Fraud

Jorge Maldonado, owner of Pro-Care Building Maintenance, has been ordered to pay nearly $700,000 in restitution for underreporting employee numbers to reduce workers’ comp premiums.
April 29, 2024 Fraud Insurance Industry Legislation & Regulation Workers' Compensation California

Boosting Underwriter Productivity Through Technology

Michael Reilly discusses how advanced technology can significantly increase the productivity of underwriters by reducing time spent on administrative tasks.
April 18, 2024 Insurance Industry Risk Management Technology Underwriting California

Soaring Home Insurance Premiums: The Hidden Cost of Climate Change

A homeowner’s discovery: rising construction costs and increasing weather-related damages drive unprecedented hikes in home insurance premiums.
April 17, 2024 Catastrophe Legislation & Regulation Property Risk Management California Florida Iowa Louisiana North Carolina

Former Chiropractor Receives Over Half Century Sentence for Massive Workers’ Compensation Fraud

Former chiropractor sentenced to 54 years for orchestrating a $150 million workers’ compensation fraud scheme in Riverside, California.
April 16, 2024 Fraud Insurance Industry Litigation Workers' Compensation California

Unprecedented Floods of 2023 Highlight Rising Economic and Insurability Challenges in the U.S.

In 2023, the U.S. experienced several catastrophic floods, revealing critical gaps in current flood risk assessments and the growing impact of climate change.
April 16, 2024 Property Risk Management Technology California Florida

Insurance Professionals Debate Coverage for Manic-Induced Vandalism

A recent discussion in the insurance subreddit community delved into the complexities of insurance claims involving intentional acts due to manic episodes, highlighting varying interpretations and practices across the industry.
April 12, 2024 Insurance Industry Liability California

Congress Receives Groundbreaking Privacy Legislation Promising Stronger Consumer Rights

The new American Privacy Rights Act aims to enhance online data privacy and introduce stronger consumer protections against data misuse.
April 12, 2024 Legislation & Regulation Technology California Illinois

Veteran Ferrari Mechanic Arrested on Multiple Charges Including Theft and Fraud

Donnie Callaway, a well-known mechanic specializing in vintage Ferraris, has been arrested in Arizona on charges of theft and fraud following a sting operation by a collector.
April 11, 2024 Auto Fraud Litigation Property Arizona California

States Begin to Implement NAIC’s AI Guidelines for Insurers, Marking a New Regulatory Era

With the adoption of NAIC’s AI framework by seven states, insurers face the challenge of implementing comprehensive AI governance and risk management programs.
April 11, 2024 Insurance Industry Legislation & Regulation Technology Alaska California Colorado Connecticut Illinois

DoorDash Launches Benefits Program for Pennsylvania Couriers, Offering Savings Contributions

DoorDash introduces a limited-time pilot program in Pennsylvania, providing delivery couriers with contributions to individual savings accounts for benefits like health insurance and retirement.
April 9, 2024 Insurance Industry Legislation & Regulation Technology Workers' Compensation California New York Pennsylvania

Easter Sunday Heist in Los Angeles Nets Thieves $30 Million from Sylmar Money Vault

In a daring Easter Sunday burglary, a skilled crew infiltrated a San Fernando Valley cash storage facility, making off with up to $30 million.
April 9, 2024 Fraud Weird California

Surging Dog-Related Injury Claims Highlight the Need for Owner Education and Pet Training

Dog-related injury claims have surged to $1.12 billion in 2023, underscoring the importance of pet education and training to curb this rising trend.
April 9, 2024 Education & Training Insurance Industry Liability Property California Florida Texas

Insurers and Consumers Face Growing Legal Costs Amid Social Inflation

Innovative legal tactics and social inflation are driving up insurance premiums and contributing to a hidden ’tort tax’ for American households.
April 5, 2024 Auto Insurance Industry Legislation & Regulation Property California Florida Indiana Kentucky Louisiana

Tackling the Rising Threat of Snow Melt Flooding

With snow melt floods posing a growing threat in the U.S., insurance experts highlight the importance of adequate coverage and mitigation strategies.
April 3, 2024 Catastrophe Insurance Industry Property Risk Management Arkansas California Illinois Iowa Kentucky
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