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Winter Storm Triggers Deadly Avalanches Across Western U.S. During MLK Weekend

Winter Storm Triggers Deadly Avalanches Across Western U.S. During MLK Weekend

A severe winter storm brings a spate of dangerous avalanches, resulting in fatalities and heightened risks in the western U.S. during the long Martin Luther King Jr. Day weekend.
January 16, 2024 Catastrophe Insurance Industry Property Risk Management California Idaho

IoT in Insurance: Moving Beyond Potential to Mass Deployment

IoT in Insurance: Moving Beyond Potential to Mass Deployment

A recent webinar with Hartford Steam Boiler and IoT Insurance Observatory experts reveals the imperative shift from potential to mass deployment in the IoT sector for insurance.
January 16, 2024 Catastrophe Insurance Industry Risk Management Technology

Proposed House Bill 1213 Aims to Transform Citizens Property Insurance into Primary Windstorm Coverage Provider

Proposed House Bill 1213 Aims to Transform Citizens Property Insurance into Primary Windstorm Coverage Provider

House Bill 1213, proposed by State Representatives Spencer Roach and Hillary Cassel, seeks to make Citizens Property Insurance a primary option for windstorm coverage in Florida.
January 16, 2024 Catastrophe Insurance Industry Legislation & Regulation Property Florida

Connecticut Expands Workers’ Compensation for PTSD to All Employees

Connecticut Expands Workers’ Compensation for PTSD to All Employees

Connecticut's new law now includes all employees under workers' compensation for PTSD, expanding benefits previously reserved for first responders.
January 16, 2024 Insurance Industry Legislation & Regulation Liability Workers' Compensation Connecticut

Judge Limits Scope of Delaware’s Climate Change Lawsuit Against Fossil Fuel Industry

Judge Limits Scope of Delaware’s Climate Change Lawsuit Against Fossil Fuel Industry

A Delaware judge's ruling curtails certain claims in the state's lawsuit against the fossil fuel industry, focusing on local air pollution effects.
January 15, 2024 Insurance Industry Legislation & Regulation Litigation Risk Management Delaware

Debate Arises Over Proposed Federal Catastrophe Reinsurance Program

Debate Arises Over Proposed Federal Catastrophe Reinsurance Program

The new federal catastrophe reinsurance bill faces scrutiny from America's insurers, highlighting concerns over policyholder costs and insurance access.
January 15, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management California

Harnessing Embedded Insurance for Enhanced Adaptation and Risk Mitigation

Harnessing Embedded Insurance for Enhanced Adaptation and Risk Mitigation

The shift from resilience to adaptation in property and casualty insurance is made possible by Embedded Insurance at the Point of Design, offering a transformative approach to managing risk.
January 15, 2024 Auto Insurance Industry Property Technology

Reinsurance Market Sees Positive Shift Post-2023 Reset

Reinsurance Market Sees Positive Shift Post-2023 Reset

Following the 2023 industry reset, the reinsurance market is experiencing a significant positive transformation, offering promising opportunities for investors and companies alike.
January 15, 2024 Insurance Industry Risk Management Underwriting

Embracing AI as a Beacon of Optimism in the Insurance Industry

Embracing AI as a Beacon of Optimism in the Insurance Industry

Amid global challenges, the insurance industry's future looks bright with AI-driven transformations enhancing risk management, policy recommendations, and employee experiences.
January 15, 2024 Insurance Industry Risk Management Technology

Illinois Court Rules Insurance Companies Not Obligated to Defend in BIPA Lawsuit

Illinois Court Rules Insurance Companies Not Obligated to Defend in BIPA Lawsuit

In a key decision, the Illinois Appellate Court ruled that insurance companies are not required to defend in a lawsuit involving the Biometric Information Privacy Act (BIPA), marking a significant legal development.
January 15, 2024 Insurance Industry Legislation & Regulation Liability Technology Illinois

Jackson, Mississippi Wins $10.3 Million Settlement from Zurich American Insurance

Jackson, Mississippi Wins $10.3 Million Settlement from Zurich American Insurance

After a lengthy legal battle, the city of Jackson, Mississippi, is set to receive $10.3 million from Zurich American Insurance for damages from a 2013 hailstorm.
January 12, 2024 Catastrophe Insurance Industry Litigation Property Mississippi

Cyber Insurance Market Sees Major Shift with Rising Premiums and Evolving Risks in 2023

Cyber Insurance Market Sees Major Shift with Rising Premiums and Evolving Risks in 2023

The cyber insurance market experiences a shift with increased premiums, evolving cyber threats, and a focus on informed decision-making for 2024, as highlighted by Woodruff Sawyer.
January 12, 2024 Insurance Industry Risk Management Technology

Supercede Reports Significant Growth in Digital Adoption in Reinsurance Industry

Supercede Reports Significant Growth in Digital Adoption in Reinsurance Industry

Supercede's latest data reveals notable growth in digital platform usage, indicating a shift towards technological integration in the reinsurance industry.
January 12, 2024 Insurance Industry Risk Management Technology

Auto Insurance Emerges as Surprising Factor in U.S. Inflation Trends

Auto Insurance Emerges as Surprising Factor in U.S. Inflation Trends

With the largest annual increase in nearly 50 years, auto insurance costs are unexpectedly contributing to persistent U.S. inflation, impacting overall consumer prices.
January 12, 2024 Auto Insurance Industry Legislation & Regulation Risk Management

Moody’s RMS Estimates Insured Losses from Noto Peninsula Earthquake at $3-6 Billion

Moody’s RMS Estimates Insured Losses from Noto Peninsula Earthquake at $3-6 Billion

Moody's RMS analysis predicts insured losses from the January 1 Noto Peninsula earthquake in Japan to range between $3 to $6 billion, covering various impacts.
January 12, 2024 Catastrophe Insurance Industry Risk Management Technology
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