Wegmans Reduces Litigation and Enhances Worker Recovery with AI-Enhanced Claims Management
At Wegmans, AI technology has slashed litigation rates and improved response times in workers' compensation claims, leading to faster, more effective treatment.
May 8, 2024
Insurance Industry
Litigation
Risk Management
Technology
Workers' Compensation
New York
Adjusters Discuss Claim Volume and Workload Challenges
Insurance adjusters express concerns over increasing claim volumes and the impact on work-life balance, highlighting industry challenges.
May 7, 2024
Insurance Industry
Property
Technology
Workers' Compensation
Texas
Swiss Re Advocates for Advanced Data Utilization to Bridge the NatCat Protection Gap
As natural catastrophe losses escalate, Swiss Re emphasizes the use of data-driven insights to enhance global insurance access and climate risk management.
May 7, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Mastering Risk Management for Mega Construction Projects with NFP’s Innovative Strategies
Adrian Pellen of NFP discusses leveraging technology and data to optimize insurance strategies in the construction sector at the 2024 RISKWORLD conference in San Diego.
May 7, 2024
Insurance Industry
Property
Technology
Arizona
California
New York
Biloxi City Councilman Admits to Illicit Drug Trade Through Vape Business
A city councilman has pled guilty to distributing illegal substances disguised as CBD products through his vape shops.
May 6, 2024
Fraud
Insurance Industry
Legislation & Regulation
Liability
Mississippi
North Carolina
Artificial Intelligence: A Double-Edged Sword in Car Insurance Claims
As AI technology evolves, its misuse in creating fraudulent car insurance claims is surging, posing new challenges for insurers.
May 6, 2024
Auto
Fraud
Insurance Industry
Technology
Addressing Online Harassment and Bullying in Workplaces with Effective Insurance Coverage
Businesses now face increased liability from employee's online behaviors, making robust insurance policies essential to manage risks.
May 6, 2024
Insurance Industry
Liability
Risk Management
Technology
Florida Man Sentenced in Major Counterfeit Cisco Equipment Scheme
A dual U.S.-Turkey citizen from Florida has been sentenced to over six years in prison for trafficking counterfeit Cisco products, endangering national security and public safety.
May 3, 2024
Fraud
Insurance Industry
Legislation & Regulation
Technology
Florida
New Jersey
Ohio
Miami Retirement Trust Files Lawsuit Against Globe Life for Alleged Misconduct
The City of Miami General Employees' Retirement Trust has initiated a class action lawsuit against Globe Life, citing serious allegations of fraud and workplace misconduct.
May 3, 2024
Fraud
Insurance Industry
Litigation
Florida
Texas
Harnessing the Value of Intangible Assets for Future Business Growth
As businesses increasingly rely on intangible assets, effective management and advanced AI technologies become pivotal to securing and enhancing their value.
May 3, 2024
Insurance Industry
Risk Management
Technology
Marriott Admits to Lack of Encryption in Massive 2018 Data Breach
Marriott recently disclosed that its 2018 data breach, impacting 500 million guests, was not protected by encryption as previously claimed.
May 2, 2024
Insurance Industry
Litigation
Risk Management
Technology
Insurance Marketing Thrives on Data-Driven Trigger Campaigns Amid Competitive Market
Amid a competitive landscape, insurance marketers are leveraging real-time data to engage customers with targeted, relevant messaging that maximizes retention and acquisition.
May 2, 2024
Insurance Industry
Risk Management
Technology
Chubb to Pay $350 Million in Claims for Baltimore Bridge Collapse
Chubb, the insurer for Baltimore's Francis Scott Key Bridge, is set to pay out $350 million following the bridge's catastrophic collapse, which resulted in significant economic and human losses.
May 2, 2024
Catastrophe
Insurance Industry
Litigation
Marine
Maryland
Cruise Industry’s Post-Pandemic Rebound and Sustainability Challenges
As the cruise industry recovers from the pandemic's impacts, it faces new sustainability goals and operational challenges in a changing global landscape.
May 2, 2024
Insurance Industry
Marine
Risk Management
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
