Florida Peninsula Insurance Announces Rate Decrease Amid Legislative Reforms
In the wake of legislative changes, Florida Peninsula Insurance has announced a 2% reduction in premiums for homeowners and condo policies starting in July.
April 11, 2024
Insurance Industry
Legislation & Regulation
Litigation
Property
Florida
Insurance Fraud Scheme Uncovered in Florida Involving Homeowner and Public Adjuster
In Florida, a fraudulent insurance claim scheme involving a falsified homeowner signature has led to the arrest of two individuals.
April 11, 2024
Fraud
Insurance Industry
Legislation & Regulation
Litigation
Florida
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
Supreme Court Sets New Standard for Public Officials’ Social Media Use and First Amendment Rights
The Supreme Court's Lindke v. Freed decision provides crucial guidance on distinguishing between personal and official social media use by public officials.
April 11, 2024
Insurance Industry
Legislation & Regulation
Litigation
Technology
Michigan
AI in P&C Insurance Gains Consumer Trust for Improved Service, Yet Faces Skepticism in Decision-Making Roles
Insurity's 2024 AI report highlights growing consumer confidence in AI for fraud detection and personalized services, while noting caution around its use in claims and underwriting.
April 11, 2024
Fraud
Insurance Industry
Technology
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
Tennessee Supreme Court Rules Employers Can’t Use Vicarious Liability to Block Negligence Claims
In a landmark decision, the Tennessee Supreme Court rules that employers cannot hide behind vicarious liability to avoid direct negligence claims, impacting multiple industries.
April 10, 2024
Insurance Industry
Legislation & Regulation
Liability
Risk Management
Tennessee
Expanding Surety Bond Usage Beyond Construction: A New Era for Real Estate, Renewable Energy, and Healthcare
As sectors like real estate, renewable energy, and healthcare seek innovative financial solutions, surety bonds emerge as a key player, offering a viable alternative to traditional financing methods.
April 10, 2024
Insurance Industry
Life & Health
Texas A&M Contemplates Revival of Historic Bonfire Tradition After 25 Years
Texas A&M University explores the return of the Aggie bonfire tradition, seeking input from victims' families 25 years after a fatal accident halted the event.
April 9, 2024
Education & Training
Insurance Industry
Legislation & Regulation
Risk Management
Texas
Oklahoma Cracks Down on Unauthorized Home Warranty Sales
The Oklahoma Insurance Department has issued a cease-and-desist order to First Premier Home Warranty Corp. for selling unauthorized home warranties in the state.
April 9, 2024
Fraud
Insurance Industry
Legislation & Regulation
Property
Oklahoma
DoorDash Launches Benefits Program for Pennsylvania Couriers, Offering Savings Contributions
DoorDash introduces a limited-time pilot program in Pennsylvania, providing delivery couriers with contributions to individual savings accounts for benefits like health insurance and retirement.
April 9, 2024
Insurance Industry
Legislation & Regulation
Technology
Workers' Compensation
California
New York
Pennsylvania
Florida Contractor Admits to $1 Million Tax Evasion
A Florida roofing company co-owner pleads guilty to omitting over $1 million in income on her 2017 tax return, facing up to three years in prison.
April 9, 2024
Fraud
Insurance Industry
Legislation & Regulation
Litigation
Florida
Auto Industry Faces New Challenges and Opportunities Amid Rising Vehicle Complexity
The Q1 2024 Crash Course Report delves into how escalating vehicle complexity impacts insurance claims and collision repairs, with a focus on solutions.
April 9, 2024
Auto
Insurance Industry
Risk Management
Technology
Generative AI Revolutionizes Claims Processing in Insurance Industry
Generative AI is transforming insurance claims handling, reducing costs and improving efficiency through workflow automation and risk assessment.
April 9, 2024
Fraud
Insurance Industry
Risk Management
Technology
Zurich Insurance to Halt Underwriting New Oil and Gas Projects in Sustainability Push
In a bold sustainability move, Zurich Insurance will stop underwriting new oil and gas projects, aiming for net zero emissions by 2050.
April 9, 2024
Insurance Industry
Risk Management
Technology
