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’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
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
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
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
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
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
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
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
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’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
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 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
Renewed Interest in Long Term Care Insurance Amidst Rising Healthcare Costs
As healthcare expenses rise, long term care insurance sees a resurgence of interest from consumers seeking financial security for their senior years.
January 11, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Risk Management
Arizona Health Care Provider Settles Fraud Allegations for Nearly $10 Million
Atlantic Home Health Care LLC agrees to pay nearly $10 million to settle allegations of defrauding a federal health care program for Department of Energy employees.
January 11, 2024
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Arizona
