Workers’ Comp Ghost Policies Are Increasing Risks for Small Businesses
Ghost policies, a type of fraudulent workers’ comp coverage, are leaving businesses and employees exposed to high risks, especially in states where such policies remain legal.
October 21, 2024
Fraud
Legislation & Regulation
Risk Management
Workers' Compensation
Colorado
North Carolina
How Generative AI Is Transforming the Insurance Industry
Generative AI has the potential to revolutionize the insurance industry by streamlining operations, enhancing customer service, and improving risk management. However, insurers must address ethical, regulatory, and data challenges to fully unlock its benefits.
October 11, 2024
Fraud
Insurance Industry
Risk Management
Technology
Colorado
Solar Energy Growth Sparks Surge in Construction Claims
The rapid growth of solar energy is driving an increase in construction-defect claims, as industry experts highlight risks such as fire, environmental concerns, and insurance coverage issues.
October 4, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Arizona
California
Colorado
Florida
Texas
Farmers’ Fraud Scheme: Tampered Rain Gauges Led to Million-Dollar Crop Insurance Scandal
A group of farmers in Colorado and Kansas tampered with rain gauges to falsely report drought conditions, leading to a multimillion-dollar crop insurance fraud. Their actions resulted in both criminal penalties and civil settlements.
September 9, 2024
Fraud
Insurance Industry
Litigation
Risk Management
Colorado
Kansas
Buddy System for Workplace Safety Faces Challenges Despite Its Benefits
While the buddy system is often praised for improving worker safety in high-risk environments, experts warn of potential downsides, including inconsistent practices, cost concerns, and reduced management oversight.
September 4, 2024
Liability
Risk Management
Workers' Compensation
Colorado
Connecticut
Missouri
Increased Heat Levels Raise Workplace Injury Risks, Workers’ Compensation Data Reveals
A recent analysis by Colorado’s largest workers’ comp insurer highlights a 52% rise in workplace injuries when temperatures exceed 90 degrees (F), emphasizing the importance of heat safety measures for indoor and outdoor workers.
August 27, 2024
Insurance Industry
Risk Management
Workers' Compensation
Colorado
Federal Policy Conflicts Could Raise Flood Insurance Costs, Leave Thousands Unaware of Dam Risks
Conflicting federal policies hinder communities from accessing vital dam failure data, potentially raising flood insurance costs and leaving residents unaware of flood risks.
August 26, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Arizona
California
Colorado
Georgia
Minnesota
Wildfire Risk Intensifies in 2024: Over 2.6 Million Homes at High Risk in the Western U.S.
As of mid-2024, wildfires have ravaged millions of acres in the U.S., with over 2.6 million homes at moderate or greater risk, emphasizing the crucial role of insurance and risk management in protecting communities.
August 13, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Arizona
California
Colorado
Hawaii
Idaho
Former Adjuster Admits to $268K Auto Insurance Fraud Scheme
A former claims adjuster from Aurora has confessed to stealing over $268,000 from her employer by filing fraudulent auto insurance claims, resulting in felony theft charges for her and two accomplices.
July 29, 2024
Auto
Fraud
Insurance Industry
Litigation
Colorado
Florida
Homeowners Face 21% Insurance Premium Increase, Climate Change Cited as Major Factor
Homeowners insurance premiums surged by 21% from May 2022 to May 2023, largely due to severe weather events driven by climate change, leaving many homeowners with limited options.
July 29, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
California
Colorado
Florida
Idaho
Louisiana
Gallagher Re’s Mid-Year Natural Catastrophe and Climate Report Highlights 2024’s Severe Convective Storm Impact
The first half of 2024 saw substantial global insured losses, with US severe convective storms accounting for 61% of the $61 billion total, highlighting the period as the costliest on record.
July 24, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Colorado
Iowa
Oklahoma
Texas
NBA Teams Sued for Copyright Infringement in Social Media Videos
Fourteen NBA teams are accused of using copyrighted music in social media promotional videos without proper licensing, leading to multiple lawsuits by Kobalt and other music companies.
July 23, 2024
Insurance Industry
Legislation & Regulation
Litigation
Technology
Arizona
California
Colorado
Florida
Georgia
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
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
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
