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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

Potent Nicotine Alternative in Vapes Raises Regulatory Concerns

The emergence of 6-methyl nicotine in vapes, more potent than traditional nicotine, poses regulatory challenges as the FDA and researchers seek to understand its health impacts.
May 30, 2024 Insurance Industry Legislation & Regulation Life & Health Technology Colorado

NOAA Grants $308 Million to Colorado State University for Weather and Climate Research

NOAA renews its partnership with Colorado State University through a $308 million grant, supporting the Cooperative Institute for Research in the Atmosphere (CIRA) for advanced weather and climate research and forecasting.
May 20, 2024 Catastrophe Education & Training Risk Management Technology Colorado Maryland Missouri

Colorado Supreme Court Expands Notice-Prejudice Rule to First-Party Homeowners Insurance

In a landmark decision, the Colorado Supreme Court ruled that the notice-prejudice rule now applies to first-party homeowners’ insurance, impacting claims and policy conditions.
May 2, 2024 Insurance Industry Legislation & Regulation Litigation Property Colorado

Underinsured Motorist Rates Remain High Across the US

Nearly 16% of U.S. drivers in 2022 were underinsured, unable to fully cover damages or injuries caused in accidents, highlighting a significant insurance gap.
April 24, 2024 Auto Liability Colorado District Of Columbia Georgia Kentucky Louisiana

Record Vehicle Thefts in 2023: A Nationwide Analysis

A record 1,020,729 vehicles were stolen across the U.S. in 2023, with California and the District of Columbia leading in numbers and rates, respectively.
April 18, 2024 Auto Catastrophe Insurance Industry Colorado Delaware Florida Georgia Illinois

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

Colorado Legislators Debate Bill to Impose Liability Insurance Requirement on Firearm Owners

In a close vote, Colorado’s House Business Affairs and Labor Committee advances a bill requiring firearm owners to hold liability insurance, aiming to enhance responsible gun ownership.
April 8, 2024 Insurance Industry Legislation & Regulation Liability Risk Management Colorado

Boeing 737 Engine Cover Detachment Triggers Investigation

The FAA has launched an investigation after an engine cover on a Boeing 737-800 detached during takeoff, causing no injuries but raising safety concerns.
April 8, 2024 Legislation & Regulation Risk Management Technology Colorado Florida Texas

Property/Casualty Insurers Embrace AI Amid Bias Challenges, Survey Reveals

A new survey shows a significant shift towards AI in the P/C insurance sector, despite ongoing challenges with algorithmic bias.
March 25, 2024 Insurance Industry Technology Underwriting Colorado

Colorado Farmers Agree to Pay Over $6.5 Million in Fraud Case Involving Federal Crop Insurance

Two Colorado farmers, Patrick Esch and Ed Dean Jagers, settle for $6.5 million after defrauding federal crop insurance programs through rain gauge tampering.
March 13, 2024 Fraud Legislation & Regulation Colorado
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