Houston Lawyer Ordered to Pay Insurer for Frivolous Lawsuit
In a notable legal decision, a Texas judge mandates a Houston attorney reimburse an insurer for legal costs incurred in defending a baseless lawsuit.
November 29, 2023
Insurance Industry
Legislation & Regulation
Liability
Litigation
US Issues Caution for Maritime Shipping in Red Sea Amid Rising Attack Risks
The US warns of increased dangers for ships in the Red Sea and Gulf of Aden, with recent attacks and suspicious activities heightening risks and insurance concerns.
November 28, 2023
Catastrophe
Insurance Industry
Marine
Risk Management
MAPFRE’s CEO Highlights the Ethical Challenges of AI in Insurance at Geneva Summit
At the Geneva Association Summit, MAPFRE's CEO stresses the need for ethical AI regulation and proactive measures against cyber risks in the insurance sector.
November 28, 2023
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Tips for Avoiding Bed Bug Infestations
Implementing strict procedures can prevent unnecessary customer complaints, eradication costs and business interruption.
November 27, 2023
Education & Training
Insurance Industry
Risk Management
AI Impact in Insurance Balances Efficiency Gain and Employment Concerns
Artificial Intelligence revolutionizes insurance underwriting and processes, raising efficiency but also sparking concerns over job security in the industry.
November 27, 2023
Insurance Industry
Technology
Underwriting
Chubb Report Reveals Misconceptions Among US Mid-Market Companies Regarding Flood Risks
Chubb's new report highlights a significant gap in understanding among US mid-market companies about the extent of flood risk and insurance coverage.
November 21, 2023
Catastrophe
Insurance Industry
Property
Risk Management
Tesla Insurance Policyholders Face Delays and Challenges in Claims Process
Tesla Insurance customers report significant delays in claims processing and difficulties in communication, reflecting challenges in the insurer's service.
November 21, 2023
Auto
Insurance Industry
Liability
Litigation
California
Maryland
Ohio
Fans Sue Over Disrupted Las Vegas Formula One Practice Session
Formula One enthusiasts file a lawsuit against Las Vegas Grand Prix organizers for forcing early exit before practice session, seeking $30,000 in damages.
November 20, 2023
Insurance Industry
Liability
Litigation
Risk Management
Nevada
AI Impact on Insurance Jobs: A Deeper Look Beyond Recent Layoffs
Recent layoffs in the insurance sector prompt discussions on AI's role, with experts suggesting AI is reshaping jobs rather than being the primary cause of job losses.
November 20, 2023
Education & Training
Insurance Industry
Risk Management
Technology
Insurance Leaders of 2024 Set to Navigate Cyber Risk and Talent Development Challenges
Amidst a rapidly evolving insurance landscape, industry leaders are zeroing in on talent development and managing the surge in cyber risks.
November 13, 2023
Education & Training
Insurance Industry
Risk Management
Technology
Insurtech Funding Hits Record High in Q3 with Over $1 Billion, Dominated by P&C Sector
The global insurtech sector surpassed US$1.1 billion in new funding during the third quarter of 2023. This growth represented a 19.8% increase.
November 7, 2023
Insurance Industry
Life & Health
Property
Technology
California
Massachusetts
Combatting the Talent Crunch: Strategies in the Insurance Sector
According to Kelly Stevens, the SVP of loss adjusting at Crawford and Co., insurance companies are currently battling among one another to find and retain employees.
November 6, 2023
Education & Training
Insurance Industry
Risk Management
Nebraska Slaps Bright Health with $1M Fine for Claims Mishandling and Newborn Care Denials
Nebraska insurance regulators reported thousands of problems with claims processing, including improper denials and late payments to medical providers.
November 6, 2023
Insurance Industry
Legislation & Regulation
Life & Health
Nebraska
Blue Cross Blue Shield of Illinois Hit with Fines for Network Information Violations
The state has fined Blue Cross Blue Shield of Illinois more than $200,000 over claims the insurance provider failed to provide updated and complete information about providers in its network.
November 6, 2023
Insurance Industry
Legislation & Regulation
Life & Health
Illinois
Evaluating PBM Pricing Models: The Key Factors to Consider and Questions to Ask
Multiple factors affect PBM pricing. These are the questions payers need to ask to find the right fit (and get the most savings) for their company.
November 6, 2023
Insurance Industry
Risk Management
Workers' Compensation
