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New Climate Research Reveals Worsening Global Conditions in 2024

New Climate Research Reveals Worsening Global Conditions in 2024

As COP29 unfolds in a year of record-high temperatures, new research reveals accelerating climate effects, from supercharged storms and wildfire deaths to a slowing Atlantic current, raising concerns about a range of tipping points.
November 14, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida North Carolina

New Hampshire Supreme Court Strikes Down Geico’s Underinsured Motorist Claim Deadline

New Hampshire Supreme Court Strikes Down Geico’s Underinsured Motorist Claim Deadline

The New Hampshire Supreme Court ruled that a Geico policy requiring underinsured motorist claims within three years of an accident is unenforceable, citing conflicts with state law designed to protect injured insureds.
November 14, 2024 Auto Insurance Industry Legislation & Regulation Litigation New Hampshire

How AI is Changing Medicare Advantage Claims Denials in Healthcare

How AI is Changing Medicare Advantage Claims Denials in Healthcare

AI is reshaping Medicare Advantage claim approvals, raising concerns among healthcare providers over denial rates. As technology automates prior authorization, hospitals and patients face delays and challenges in accessing essential care.
November 14, 2024 Insurance Industry Legislation & Regulation Life & Health Technology Connecticut

Massachusetts Wildfires Spread as Drought and High Winds Intensify Risks

Massachusetts Wildfires Spread as Drought and High Winds Intensify Risks

Ongoing drought and high winds have sparked severe brush fires across Massachusetts, with over 1,500 acres already burned this season. Officials urge caution as red flag warnings remain in place.
November 14, 2024 Catastrophe Legislation & Regulation Property Risk Management Maine Massachusetts New Hampshire

GM Issues Recall on Diesel Pickups and SUVs Over Rear Wheel Lock-Up Risk

GM Issues Recall on Diesel Pickups and SUVs Over Rear Wheel Lock-Up Risk

General Motors is recalling nearly 462,000 Chevrolet, GMC, and Cadillac vehicles with diesel engines due to a defect in the transmission control valve that could cause rear wheels to lock up, raising crash risks.
November 14, 2024 Auto Legislation & Regulation Risk Management Technology

UK Class Action Alleges Apple Monopolizes Data Storage, May Face Billions in Damages

UK Class Action Alleges Apple Monopolizes Data Storage, May Face Billions in Damages

Apple faces a UK class action alleging it unfairly dominates the data storage market by limiting consumer options for external storage. The lawsuit, filed in London, seeks up to £3 billion in damages and highlights ongoing concerns over monopolistic practices by tech giants.
November 14, 2024 Legislation & Regulation Litigation Risk Management Technology

Rising Inland Flood Risk Demands Urgent Attention in U.S.

Rising Inland Flood Risk Demands Urgent Attention in U.S.

The Insurance Information Institute’s latest report highlights the increasing flood risks faced by inland areas due to shifting weather patterns. Hurricanes, tropical storms, and thunderstorms are pushing the boundaries of flood-prone regions, underscoring the need for better insurance coverage, flood resilience, and mitigation strategies to bridge the protection gap in non-coastal communities.
November 14, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia Kentucky New Jersey New York

New York Court Dismisses Homeowner’s Construction Defect Claim Over Missed Filing Deadline

New York Court Dismisses Homeowner’s Construction Defect Claim Over Missed Filing Deadline

A New York court dismissed a homeowner’s breach of contract claim for delayed filing, ruling that the lawsuit, filed almost seven years after project completion, was beyond the six-year statute of limitations for construction defect claims. Pandemic-related deadline extensions could not save the case.
November 14, 2024 Legislation & Regulation Litigation Property Risk Management New York

Tesla Cybertruck Recall of 2,400 Units Marks Sixth This Year

Tesla Cybertruck Recall of 2,400 Units Marks Sixth This Year

Tesla recalls 2,400 Cybertrucks in the U.S. over a faulty driver inverter that could cause loss of power, raising crash risks. This latest issue, which affects Cybertrucks manufactured through July 30, follows several other recalls issued in 2024.
November 14, 2024 Auto Legislation & Regulation Risk Management Technology

Florida Hurricane Damage Claims Reach $4.775 Billion After Hurricanes Helene and Milton

Florida Hurricane Damage Claims Reach $4.775 Billion After Hurricanes Helene and Milton

Insurance claims in Florida from Hurricanes Helene and Milton have reached $4.775 billion, up $169 million from last week’s total. The storms have left extensive residential and commercial property damage, according to the Office of Insurance Regulation.
November 12, 2024 Catastrophe Insurance Industry Legislation & Regulation Property Florida Georgia North Carolina South Carolina Tennessee

Maximizing Flood Preparedness Benefits for Insurers and Policyholders, Swiss Re Institute Study Finds

Maximizing Flood Preparedness Benefits for Insurers and Policyholders, Swiss Re Institute Study Finds

A new Swiss Re Institute study reveals that proactive flood preparedness, from resilient infrastructure to policy measures, could substantially reduce economic losses, protecting both insurers and policyholders. The research highlights cost-effective flood adaptation methods and the potential for public-private partnerships in climate adaptation efforts.
November 11, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management

Progressive Faces Class Action Over Alleged Denial of Collision Insurance in Massachusetts

Progressive Faces Class Action Over Alleged Denial of Collision Insurance in Massachusetts

Progressive is embroiled in a class-action lawsuit alleging that it unlawfully refused to offer collision insurance to Massachusetts drivers, potentially impacting hundreds and sparking questions about legal compliance.
November 11, 2024 Auto Insurance Industry Legislation & Regulation Litigation Massachusetts

How to Tell When Your SSE Solution is Holding Back Your Cybersecurity

How to Tell When Your SSE Solution is Holding Back Your Cybersecurity

As cyber threats evolve, outdated security service edge (SSE) solutions may fail to provide the protection, performance, and cost-efficiency modern businesses need. Here are the top indicators that your SSE platform might need an upgrade to stay effective.
November 11, 2024 Insurance Industry Legislation & Regulation Risk Management Technology

California Court Reverses Verdict in Asbestos Exposure Case, Allows Sophisticated User Defense

California Court Reverses Verdict in Asbestos Exposure Case, Allows Sophisticated User Defense

An appellate court in California reversed a significant asbestos exposure verdict, allowing a sophisticated user defense, and remanded the case to address unresolved allocation of fault and offset issues, providing guidance on future damage recovery for the plaintiff’s loss of consortium.
November 11, 2024 Legislation & Regulation Liability Litigation Workers' Compensation California

High Cost of Car Insurance Drives 35% of Parents to Commit Fraud

High Cost of Car Insurance Drives 35% of Parents to Commit Fraud

In a new study, 35% of parents admit to "fronting" on car insurance policies for young drivers to save on rising premiums. Although common, fronting is illegal and can result in fines, policy cancellation, or criminal charges.
November 7, 2024 Auto Fraud Legislation & Regulation Risk Management
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