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North Carolina Battles Rising Insurance Fraud Since Pandemic

North Carolina Battles Rising Insurance Fraud Since Pandemic

North Carolina has experienced a significant increase in insurance fraud since the COVID-19 pandemic, with seniors being heavily targeted by scams. State officials are urging vigilance and reporting to combat the issue.
June 5, 2024 Fraud Insurance Industry Legislation & Regulation Risk Management North Carolina

TikTok Hack Compromises CNN Account, Targets High-Profile Users

TikTok Hack Compromises CNN Account, Targets High-Profile Users

A recent TikTok hack compromised CNN’s account and targeted other high-profile users, including Paris Hilton. The security breach remains under investigation, with TikTok enhancing security measures to prevent future attacks.
June 5, 2024 Insurance Industry Litigation Risk Management Technology

Ford CEO Predicts Level 3 Self-Driving Technology in Just a Few Years

Ford CEO Predicts Level 3 Self-Driving Technology in Just a Few Years

Jim Farley envisions Ford achieving level 3 autonomous driving within a few years, revolutionizing the auto industry and reclaiming time for drivers.
June 5, 2024 Auto Insurance Industry Technology Michigan

Digital Claims Payments: Bridging the Gap Between Customer Preferences and Reality

Digital Claims Payments: Bridging the Gap Between Customer Preferences and Reality

Digital solutions can significantly enhance the claims experience, but there remains a gap between customer preferences and current industry practices.
June 5, 2024 Insurance Industry Risk Management Technology

Transforming Insurance Claims with Artificial Intelligence

Transforming Insurance Claims with Artificial Intelligence

At Carrier Management’s annual InsurTech Summit, Frank Giaoui of Optimalex Solutions and Shane Riedman of Verisk explored how artificial intelligence (AI) is revolutionizing property/casualty insurance claim processing.
June 4, 2024 Fraud Insurance Industry Risk Management

Delaware’s Zantac Decision: A Potential Shift in Mass Tort Litigation?

Delaware’s Zantac Decision: A Potential Shift in Mass Tort Litigation?

The Delaware Superior Court’s recent decision to allow 75,000 Zantac lawsuits to proceed raises questions about whether the state will become a new hub for mass tort litigation.
June 4, 2024 Insurance Industry Legislation & Regulation Litigation Risk Management

Can Percentage Deductibles Revive the Property Casualty Market?

Can Percentage Deductibles Revive the Property Casualty Market?

Percentage deductibles might offer a lifeline to the strained property casualty market by sharing more risk with policyholders and potentially revitalizing insurer confidence.
June 4, 2024 Insurance Industry Legislation & Regulation Property Risk Management

New Jersey Man Sentenced for Leading Major No-Fault Insurance Fraud in New York

New Jersey Man Sentenced for Leading Major No-Fault Insurance Fraud in New York

Bradley Pierre has been sentenced to 10 years in prison for orchestrating a $60 million fraud targeting No-Fault automobile insurance companies, marking one of the largest such frauds in New York history.
June 4, 2024 Fraud Insurance Industry Legislation & Regulation Litigation New Jersey New York

Preventing Insurance Fraud in the Age of Big Data

Preventing Insurance Fraud in the Age of Big Data

Fraud detection, historically reliant on human analysts, is being revolutionized by big data and advanced analytics, enabling automated and enhanced detection methods.
June 4, 2024 Fraud Insurance Industry Risk Management Technology

Detroit Man Sentenced to Over Five Years for Pandemic Unemployment Fraud

Detroit Man Sentenced to Over Five Years for Pandemic Unemployment Fraud

A Detroit Man was sentenced to 63 months in prison and ordered to pay $512,000 in restitution for committing unemployment fraud during the COVID-19 pandemic.
June 3, 2024 Fraud Insurance Industry Legislation & Regulation Litigation Michigan New Jersey

Ticketmaster and Santander Data Breaches May Signal Larger Cybersecurity Threat

Ticketmaster and Santander Data Breaches May Signal Larger Cybersecurity Threat

Data breaches at Ticketmaster and Santander have been connected to attacks on cloud provider Snowflake, potentially indicating more widespread vulnerabilities that could impact other companies.
June 3, 2024 Insurance Industry Litigation Technology

Snowflake Data Breach Exposes Ticketmaster and Others

Snowflake Data Breach Exposes Ticketmaster and Others

Snowflake’s data breach impacts Ticketmaster and numerous organizations, with hackers demanding $500,000 for stolen data.
June 3, 2024 Fraud Insurance Industry Risk Management Technology

Managing Workers’ Comp Claims in High Heat

Managing Workers’ Comp Claims in High Heat

Higher temperatures lead to more work-related injuries, especially in the South and among construction workers.
June 3, 2024 Insurance Industry Life & Health Risk Management Workers' Compensation California Texas

Property Insurance Strategies for 2024

Property Insurance Strategies for 2024

Facing economic and climatic challenges, commercial property owners can take these steps to mitigate risk and appeal to insurers.
June 3, 2024 Catastrophe Insurance Industry Property Risk Management California

Worker Awarded Compensation for Double Amputation Sustained While Assisting Accident Victim

Worker Awarded Compensation for Double Amputation Sustained While Assisting Accident Victim

A West Virginia appellate court ruled that a worker injured while assisting an accident victim during a work-related trip is entitled to workers’ compensation benefits, overturning previous decisions.
May 31, 2024 Insurance Industry Liability Litigation Workers' Compensation Pennsylvania West Virginia
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