Ransomware’s Rising Impact: The Urgent Need for Comprehensive Cyber Resilience Strategies
With ransomware attacks becoming more sophisticated, businesses must enhance their defenses and reject paying ransoms to ensure comprehensive protection.
March 14, 2024
Education & Training
Insurance Industry
Risk Management
Technology
Insurance Rates Influenced by Data from ’Connected’ Cars, Drivers Unaware
Your internet-connected vehicle may be monitoring driving habits and sharing this data with insurance companies, affecting premium rates.
March 14, 2024
Auto
Insurance Industry
Technology
New York Court Upholds Carrier’s Cancelation, Shifts Injury Liability to General Contractor
A court ruling places liability on a general contractor for a subcontractor’s worker’s injury due to the carrier’s policy cancelation for nonpayment.
March 14, 2024
Insurance Industry
Liability
Workers' Compensation
New York
Virginia’s "Bad Faith" Insurance Bill Sparks Controversy Over Potential Litigation and Premium Increases
Virginia’s proposed "bad faith" insurance bill could lead to significant litigation and motor vehicle insurance premium hikes, impacting consumers and businesses.
March 14, 2024
Auto
Insurance Industry
Legislation & Regulation
Litigation
Virginia
Maine Roofing Contractor Faces Charges for Lack of Workers’ Comp Coverage
After a not-guilty verdict in a manslaughter case, Shawn Purvis faces new charges for failing to provide workers’ compensation insurance.
March 14, 2024
Insurance Industry
Legislation & Regulation
Workers' Compensation
Maine
Roku Data Breach Exposes Thousands of Accounts to Unauthorized Subscription Purchases
Over 15,000 Roku users were affected by a data breach, leading to unauthorized subscription purchases and account hijackings from December 2023 to February 2024.
March 13, 2024
Fraud
Insurance Industry
Risk Management
Technology
California
Maine
Michigan Physician Charged with Disability Insurance Fraud
A Sylvan Lake physician has been charged for allegedly filing fraudulent disability claims, resulting in over $300,000 in unwarranted payments.
March 13, 2024
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Michigan
Jacksonville Funeral Home Director Faces Insurance Fraud Charges
A former funeral home director in Jacksonville pleads not guilty to charges centered around false insurance claims and theft, highlighting the need for stricter oversight.
March 13, 2024
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Florida
Innovative Initiative Launched to Enhance Insurance Access for High-Risk Buildings
A groundbreaking facility aims to make insurance more accessible for buildings with fire safety issues, boosting market competition and support for affected properties.
March 13, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Lloyd’s Reports on Generative AI’s Growing Impact on Cybersecurity Risks
Lloyd’s examines the escalating challenges and opportunities GenAI presents to cybersecurity, urging the insurance sector to adapt promptly.
March 12, 2024
Insurance Industry
Risk Management
Technology
U.S. Shifts Strategy on Home Insurance Data Collection Amid Rising Premiums and Climate Risks
In response to climbing premiums and climate threats, the U.S. pivots from direct data collection to a collaborative approach with state insurance regulators.
March 11, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
California
Florida
Insurance Pros Share Best Practices for Delivering Tough News to Clients
Insurance professionals discuss effective communication techniques for delivering claim denials, emphasizing empathy, clarity, and policy education.
March 8, 2024
Education & Training
Insurance Industry
Risk Management
Industry Leaders Highlight the Importance of Insurance Designations in Professional Development
Insurance professionals are turning to CPCU and ARM designations to navigate complex industry challenges and enhance their expertise.
March 8, 2024
Education & Training
Insurance Industry
Risk Management
Technology
Unpacking the Confusion Around Additional Insured Coverage and Its Legal Implications
With over 700 citations to Burlington v. NYC Transit Auth., the complexity of Additional Insured endorsements sparks widespread legal debates and coverage disputes.
March 8, 2024
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
New York
Connecticut Residents File Class Action Against Kimberly-Clark Over PFAS Contamination
Connecticut locals sue Kimberly-Clark, alleging the company’s facility contaminated their properties and water with harmful PFAS, impacting health and property values.
March 7, 2024
Insurance Industry
Legislation & Regulation
Litigation
Connecticut
