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Allstate Revises Claim Decision to Full Coverage After Local News Inquiry

Allstate Revises Claim Decision to Full Coverage After Local News Inquiry

Following a non-injury crash, Allstate initially attributes 20% fault to a green-light driver, later revising their decision to full coverage after media inquiry.
February 12, 2024 Auto Insurance Industry Litigation Nebraska

Small Businesses Face New Reporting Mandate Under Corporate Transparency Act

Small Businesses Face New Reporting Mandate Under Corporate Transparency Act

Starting in 2024, small businesses must disclose beneficial owner information to FinCEN under the Corporate Transparency Act, with exemptions applying to certain entities.
February 12, 2024 Fraud Insurance Industry Legislation & Regulation

Unlock Your Leadership Potential at the 2024 CPCU Society In2Leadership Conference

Unlock Your Leadership Potential at the 2024 CPCU Society In2Leadership Conference

Dive into an immersive leadership experience tailored for the risk and insurance industry, presented by the CPCU Society and Thunderbird School of Global Management. This March, transform your professional trajectory in Phoenix.
February 9, 2024 Education & Training Insurance Industry Risk Management

OSHA Proposes $393K Fine for Case Farms Over Safety Violations in Ohio

OSHA Proposes $393K Fine for Case Farms Over Safety Violations in Ohio

Case Farms Processing Inc. is fined $393,449 by OSHA for multiple safety violations at its Ohio chicken processing plant, highlighting ongoing safety concerns.
February 9, 2024 Insurance Industry Litigation Workers' Compensation North Carolina Ohio

Cyber Insurance Market Poised for Significant Growth, Set to Reach $23 Billion by 2025

Cyber Insurance Market Poised for Significant Growth, Set to Reach $23 Billion by 2025

With cyber threats on the rise, the global cyber insurance market is expected to soar to $23 billion by 2025, led by U.S. business contributions.
February 9, 2024 Insurance Industry Risk Management Technology

Nebraska Man Charged with Stealing Over $800,000 in Insurance Fraud Scheme

Nebraska Man Charged with Stealing Over $800,000 in Insurance Fraud Scheme

A Lincoln, Nebraska man is accused of defrauding his employer, American Heritage Life Insurance Company, out of nearly $850,000 through false claims.
February 9, 2024 Fraud Insurance Industry Litigation Property Nebraska

US AI Leaders Join Forces with Government to Set Federal AI Standards

US AI Leaders Join Forces with Government to Set Federal AI Standards

Top US AI companies collaborate with the government to develop federal standards, ensuring AI’s safe and responsible deployment.
February 9, 2024 Insurance Industry Legislation & Regulation Technology

Kentucky Farmer Pleads Guilty to Multi-Million Dollar Crop Insurance Fraud Scheme

Kentucky Farmer Pleads Guilty to Multi-Million Dollar Crop Insurance Fraud Scheme

Simpson County farmer David Manion faces imprisonment for defrauding the Federal Crop Insurance Corp. of $3.5 million, marking his second conviction.
February 8, 2024 Fraud Insurance Industry Litigation Kentucky Tennessee

Navigating the Complex Landscape of SRCC Risks in Global Insurance

Navigating the Complex Landscape of SRCC Risks in Global Insurance

As strikes, riots, and civil commotion escalate globally, the insurance industry scrutinizes aggregation risks and seeks tailored coverage strategies.
February 8, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management

Revolutionizing Online Sports Betting Insurance with Innovative Solutions

Revolutionizing Online Sports Betting Insurance with Innovative Solutions

Innovative insurance solutions like surety bonds are transforming collateralization in the sports betting industry, marking a new era of financial flexibility.
February 8, 2024 Insurance Industry Legislation & Regulation Technology Delaware Montana Nevada New Jersey Oregon

AI to Revolutionize Insurance Industry with Enhanced Claims and Underwriting Processes

AI to Revolutionize Insurance Industry with Enhanced Claims and Underwriting Processes

The 2024 insurance landscape is set for a transformation, with AI integration promising improved claims handling and underwriting accuracy, as outlined in a recent Xceedance report.
February 7, 2024 Insurance Industry Technology Underwriting

Surge in Cyber Insurance Adoption Driven by Increased Cyber Attack Risks and Contractual Requirements

Surge in Cyber Insurance Adoption Driven by Increased Cyber Attack Risks and Contractual Requirements

With cyber attacks becoming an inevitable threat, over 70% of organizations now hold cyber insurance, reflecting a shift towards proactive risk management.
February 2, 2024 Insurance Industry Technology

Discover the Next Generation of Insurance Talent with Rising Stars in Commercial Brokering

Discover the Next Generation of Insurance Talent with Rising Stars in Commercial Brokering

Meet Emily Weiss Schaffer, a 2023 Fine Arts Power Broker, and explore her journey and insights into the world of fine art insurance.
February 2, 2024 Education & Training Insurance Industry Life & Health Risk Management New York

Navigating the New Terrain: How States are Reforming Tort Laws Amid Rising Litigation Challenges

Navigating the New Terrain: How States are Reforming Tort Laws Amid Rising Litigation Challenges

In response to the surge in litigation costs and nuclear verdicts, various states have enacted significant tort reforms to balance corporate accountability and economic growth.
February 1, 2024 Insurance Industry Legislation & Regulation Litigation Florida Georgia Indiana Iowa Kansas

Six New Insurance Companies Set to Transform Florida’s Homeowner Insurance Landscape

Six New Insurance Companies Set to Transform Florida’s Homeowner Insurance Landscape

The entry of six new insurance companies into Florida’s market, following state regulatory approval, promises more options and competition for homeowners seeking coverage.
January 31, 2024 Insurance Industry Legislation & Regulation Property Florida
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