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NHTSA Opens Investigation Into Tesla’s Recall Effectiveness and Requests Detailed Information

NHTSA Opens Investigation Into Tesla’s Recall Effectiveness and Requests Detailed Information

The National Highway Traffic Safety Administration has initiated an investigation to assess the effectiveness of Tesla’s recall remedies and has requested detailed information from the automaker.
May 7, 2024 Auto Risk Management Technology California District Of Columbia

Mastering Risk Management for Mega Construction Projects with NFP’s Innovative Strategies

Mastering Risk Management for Mega Construction Projects with NFP’s Innovative Strategies

Adrian Pellen of NFP discusses leveraging technology and data to optimize insurance strategies in the construction sector at the 2024 RISKWORLD conference in San Diego.
May 7, 2024 Insurance Industry Property Technology Arizona California New York

Risks of Infections from ‘Butt Lifts’ Highlighted in New CDC Report

Risks of Infections from ‘Butt Lifts’ Highlighted in New CDC Report

A recent CDC report investigates a cluster of infections linked to Brazilian butt lift procedures at a South Florida clinic, emphasizing the need for improved safety protocols.
May 2, 2024 Legislation & Regulation Life & Health Risk Management Weird California Florida

Aon Report Details a Notable Decline in Q1 2024 Catastrophic Losses Compared to Previous Year

Aon Report Details a Notable Decline in Q1 2024 Catastrophic Losses Compared to Previous Year

According to Aon’s latest catastrophe report, the first quarter of 2024 saw lower economic and insured losses compared to last year.
May 1, 2024 Catastrophe Insurance Industry Property Risk Management California Oklahoma Texas

Surge in Auto Insurance Costs Drives Record U.S. Shopping and Switching Rates

Surge in Auto Insurance Costs Drives Record U.S. Shopping and Switching Rates

Amid a significant 22.2% increase in premiums, nearly half of U.S. auto insurance customers are actively seeking new policies, according to the latest J.D. Power study.
April 30, 2024 Auto Insurance Industry Risk Management Technology California

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

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

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

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

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 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.

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

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

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

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

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
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