AI Helps Cut Workers Comp Costs by Identifying Fraud and Difficult Claims
Artificial intelligence is aiding insurers and employers in reducing workers comp costs by identifying difficult and fraudulent claims, but it remains a tool for claims handlers rather than a replacement.
July 8, 2024
Fraud
Insurance Industry
Technology
Workers' Compensation
California
Georgia
Massachusetts
Missouri
Farmers Insurance Addresses Adjuster Concerns Following Anonymous Letter
Farmers Insurance responds to claims of understaffing and overworking made by an anonymous group of in-house adjusters, following a significant increase in claims and workforce reduction.
July 2, 2024
Insurance Industry
Legislation & Regulation
Litigation
Workers' Compensation
Alabama
California
Florida
Georgia
Tennessee
Lightning-Related Insurance Claims Soar in 2023
The Insurance Information Institute (Triple-I) reported a 30% increase in total claims value from 2022, highlighting the financial impact of severe convective storms.
June 19, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
California
Florida
Georgia
Louisiana
Nuclear Verdicts Surge in Personal Injury and Wrongful Death Cases: A Decade in Review
A comprehensive study from the U.S. Chamber of Commerce Institute for Legal Reform highlights the rising trend of nuclear verdicts, their causes, and potential solutions over a ten-year period ending in 2022.
June 10, 2024
Legislation & Regulation
Litigation
Property
Risk Management
California
Florida
Georgia
Illinois
Missouri
Insights from Allianz Atlantic Hurricane Forecast
The 2024 Atlantic hurricane season, starting June 1 and ending November 30, is predicted to be particularly active. Allianz Commercial offers insights into this year’s forecast, reviewing notable 2023 storms and providing expert advice on storm preparedness.
June 6, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Georgia
North Carolina
South Carolina
Cargo Theft Expected to Increase Over Memorial Day Weekend
Prepare for a spike in cargo thefts this Memorial Day weekend with these essential tips from CargoNet.
May 24, 2024
Fraud
Property
Risk Management
Technology
California
Florida
Georgia
Texas
Florida’s Property Insurance Market Shows Signs of Stabilization in 2024
The Florida Office of Insurance Regulation reports a downward trend in property insurance rates for 2024, indicating market stabilization due to recent reforms.
May 21, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Florida
Georgia
Hawaii
Louisiana
Woman Indicted on 51 Fraud Counts Over False Property Ownership Claims
A Georgia woman was indicted on 51 counts of fraud for filing false property claims in Virginia, including Indiantown Park and historic Eyre Hall.
May 21, 2024
Fraud
Legislation & Regulation
Litigation
Property
Georgia
Virginia
Houston Power Outages Could Last Weeks After Deadly Hurricane-Force Winds
Power outages in Houston could last for weeks following a destructive storm with hurricane-force winds, leaving thousands without electricity amid soaring temperatures.
May 17, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
Florida
Georgia
Louisiana
Mississippi
Climate Change Boosts Extreme Weather, Increasing U.S. Flood Risks
Climate change intensifies extreme precipitation, escalating flood risks across the U.S. with significant increases in the Northeast and Midwest.
May 6, 2024
Catastrophe
Property
Risk Management
Alabama
Alaska
Georgia
Hawaii
Kentucky
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
Former Augusta National Employee Faces Charges for Stealing Masters Merchandise
An ex-employee of Augusta National Golf Club is accused of stealing millions in Masters golf merchandise over a thirteen-year period.
April 18, 2024
Fraud
Legislation & Regulation
Property
Risk Management
Florida
Georgia
Illinois
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
Veteran Insurance Adjusters Express Concern Over Industry Practices and Integrity Issues
Seasoned insurance adjusters and industry professionals raise alarms about declining integrity and growing dissatisfaction within the insurance sector.
April 12, 2024
Fraud
Insurance Industry
Property
Technology
Georgia
Cities with the Highest Insurance Fraud Incidence in 2023
An analysis reveals the U.S. cities most affected by insurance fraud, with Atlanta leading and diverse factors contributing to the issue across the nation.
April 10, 2024
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
Georgia
Illinois
Michigan
Missouri
Nevada
