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Federal Policy Conflicts Could Raise Flood Insurance Costs, Leave Thousands Unaware of Dam Risks

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.

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

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 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

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

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

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

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

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

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 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

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

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

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

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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