Blizzard Triggers Power Outages and Closures in Oregon and Washington Ski Areas
Heavy snowfall and high winds cause widespread power outages and force the closure of highways and ski resorts in Oregon and Washington.
January 11, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Oregon
Washington
Florida Lawmakers Grapple with Homeowners Insurance Crisis
As Florida’s annual legislative session approaches, lawmakers focus on addressing the state’s escalating homeowners insurance crisis with a range of proposed solutions.
January 10, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Florida
Evolving Risk Landscape Demands Strategic Role for Chief Risk Officers
In a rapidly changing risk environment influenced by AI, climate change, and geopolitics, Chief Risk Officers are key to strategic decision-making, says LCP research.
January 10, 2024
Insurance Industry
Risk Management
Technology
Alaska Airlines Under Scrutiny for Continuing Flights Despite Warning Signals
Alaska Airlines faces critical questions about its decision to keep a Boeing 737 Max 9 flying over land, despite cabin-pressurization warnings, before a fuselage blowout.
January 10, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
California
Oregon
Google Faces $1.67 Billion Patent Infringement Lawsuit Over AI Technology
In a Boston federal court, Google disputes a $1.67 billion claim alleging the tech giant infringed patents crucial for its AI-driven products.
January 10, 2024
Insurance Industry
Legislation & Regulation
Litigation
Technology
Massachusetts
US Auto Insurance Premiums Set for Record Increase in 2024
As U.S. drivers brace for the highest auto insurance rate hike since 2018, with an average increase of 12.6%, financial pressures mount across states.
January 10, 2024
Auto
Insurance Industry
Legislation & Regulation
Technology
Arizona
California
Connecticut
Florida
Georgia
Chubb Report Highlights Climate Change Risks for Wealthy Americans and Canadians
A new report from Chubb reveals that 76% of wealthy North Americans see extreme weather due to climate change as a major threat to their properties.
January 9, 2024
Catastrophe
Education & Training
Insurance Industry
Liability
Property
2024 Atlantic Hurricane Season Predicted to Be Intensely Active
Tropical Storm Risk’s early forecast anticipates the 2024 Atlantic hurricane season to be significantly above average in activity.
January 9, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Tornadoes and High Winds Ravage the South, Causing Extensive Damage
A series of tornadoes and high winds struck the South, including Panama City, Florida, leading to significant damage and emergency rescues.
January 9, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
Florida
Customer Sues Dunkin’ Over Injuries from Exploding Toilet Incident
A lawsuit against Dunkin’ alleges severe injuries due to an exploding toilet at a Florida location, raising questions about premises safety.
January 9, 2024
Insurance Industry
Liability
Litigation
Property
Florida
Surge in Business Travel Spurs Evolving Insurance Needs and New Risks
With a significant rebound in business travel, organizations face new challenges and insurance needs in a post-COVID world.
January 9, 2024
Education & Training
Insurance Industry
Risk Management
Technology
Gen Z and Millennials Recognize Life Insurance’s Importance but Lag in Purchasing Policies
Despite acknowledging the importance of life insurance, Gen Z and Millennials are underinsured compared to other age groups, with misconceptions about cost being a key barrier.
January 8, 2024
Education & Training
Insurance Industry
Life & Health
Technology
OpenAI and Microsoft Face Lawsuit Over Alleged Copyright Infringement in AI Training
OpenAI and Microsoft are sued for allegedly using copyrighted nonfiction works to train AI models, including the ChatGPT chatbot, sparking a debate on AI training practices.
January 8, 2024
Insurance Industry
Litigation
Technology
New York
State Farm Home Insurance Premiums Set to Rise in California Following Regulatory Approval
California State Farm policyholders face a significant premium increase, with high-risk areas expecting even larger hikes, following regulatory approval of a 20% rate adjustment.
January 8, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
California
January Sees Higher Workers’ Compensation Claims in Retail Sector, Surpassing Holiday Months
A surprising trend emerges with January experiencing a 25% increase in retail sector workers’ compensation claims, surpassing the holiday months, according to AmTrust’s 2023 Retail Risk Report.
January 8, 2024
Insurance Industry
Risk Management
Workers' Compensation
