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Louisiana’s Auto Insurance Affordability Challenges Persist in 2022

Louisiana’s Auto Insurance Affordability Challenges Persist in 2022

Despite rising incomes, Louisiana remains the least affordable state for personal auto coverage across the South and U.S., with premiums nearly 40% above the national average.
October 15, 2024 Auto Legislation & Regulation Litigation Risk Management Florida Louisiana Mississippi North Carolina

Florida Insurers Confident in Managing Losses From Another Major Hurricane This Season

Florida Insurers Confident in Managing Losses From Another Major Hurricane This Season

Despite concerns from rating agencies, industry experts assure that Florida's home insurance market has enough reinsurance and financial resilience to withstand additional hurricanes this season.
October 15, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Hurricane Milton’s 123,000 Claims Signal New Reinsurance Strain, Rate Hikes Expected

Hurricane Milton’s 123,000 Claims Signal New Reinsurance Strain, Rate Hikes Expected

Property insurance claims from Hurricane Milton have reached 123,000, triggering concerns over reinsurance price hikes and higher property insurance rates in Florida, where losses are estimated at $1.5 billion so far.
October 15, 2024 Catastrophe Legislation & Regulation Property Florida

Federal Incentive Cuts in High-Risk Areas Improve Flood Resilience, Study Finds

Federal Incentive Cuts in High-Risk Areas Improve Flood Resilience, Study Finds

A recent study highlights how removing federal subsidies from climate-vulnerable areas can reduce development, increase flood resilience, and generate savings, while emphasizing the challenges of balancing housing demand with disaster risk.
October 14, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management California New York Oklahoma

Federal Court Ruling Clarifies Employer Liability for Social Media Harassment

Federal Court Ruling Clarifies Employer Liability for Social Media Harassment

A 2024 federal appeals court ruling clarifies that employers can be held liable for harassment originating from personal social media posts that affect the workplace, emphasizing the need for clear guidelines.
October 11, 2024 Legislation & Regulation Liability Litigation Risk Management

Hurricane Milton’s Winds Top 120 mph, Damage Roofs and Power Lines in St. Petersburg Area

Hurricane Milton’s Winds Top 120 mph, Damage Roofs and Power Lines in St. Petersburg Area

Hurricane Milton brought intense winds, widespread destruction, and left millions without power in Florida. While storm surge impacts were less severe than anticipated, damage to homes, power lines, and infrastructure is widespread.
October 11, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Florida’s Property Insurance Market Strengthens After Major Hurricanes

Florida’s Property Insurance Market Strengthens After Major Hurricanes

Despite recent hurricane challenges, Florida's property insurance market is showing resilience, with reforms leading to rate reductions, new insurer entries, and declining reinsurance costs in 2024.
October 11, 2024 Insurance Industry Legislation & Regulation Property Risk Management Florida

New Emergency Rule Boosts Claims Transparency for Florida Insurance Consumers

New Emergency Rule Boosts Claims Transparency for Florida Insurance Consumers

Florida's CFO Jimmy Patronis has introduced an emergency rule to improve the claims adjustment process, requiring adjusters to disclose changes to damage estimates and provide detailed explanations for any modifications, ensuring transparency for insurance policyholders.
October 11, 2024 Catastrophe Insurance Industry Legislation & Regulation Property Florida

Climate Change Intensifies Hurricane Helene’s Impact on Coastal and Inland Communities

Climate Change Intensifies Hurricane Helene’s Impact on Coastal and Inland Communities

Hurricane Helene, a Category 4 storm, caused catastrophic flooding and destruction from Florida's coast to the Southern Appalachians. Research shows climate change intensified its rainfall, winds, and flooding risks.
October 11, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina Tennessee

Citi Field Faces Class Action Over Alleged Illegal Use of Facial Recognition Technology

Citi Field Faces Class Action Over Alleged Illegal Use of Facial Recognition Technology

A proposed class action accuses Sterling Mets, L.P., the company behind Citi Field, of illegally collecting and sharing visitors' biometric data using facial recognition technology, violating New York City's biometrics law.
October 11, 2024 Legislation & Regulation Liability Litigation Technology New York

Perrier Faces Contamination Crisis as Water Source Suffers Fecal and Pesticide Pollution

Perrier Faces Contamination Crisis as Water Source Suffers Fecal and Pesticide Pollution

Perrier, a leading luxury water brand, faces a contamination crisis after fecal matter and banned pesticides were found in its wells. With production halted and millions of bottles destroyed, Nestlé's management of the iconic brand is under scrutiny.
October 11, 2024 Insurance Industry Legislation & Regulation Property Risk Management

Cyberattack on American Water Highlights Urgency of Infrastructure Security

Cyberattack on American Water Highlights Urgency of Infrastructure Security

A cyberattack on American Water, the largest U.S. regulated water utility, has paused billing services and renewed concerns over the security of critical infrastructure.
October 11, 2024 Legislation & Regulation Property Risk Management Technology New Jersey

Second Umpire Alleges Retaliation in Lawsuit Against MLB

Second Umpire Alleges Retaliation in Lawsuit Against MLB

A second minor league umpire claims wrongful termination in a lawsuit against Major League Baseball, alleging retaliation after he reported being sexually assaulted by a female colleague.
October 11, 2024 Insurance Industry Legislation & Regulation Litigation Workers' Compensation Arizona New York

California Supreme Court Exempts Public Employers from PAGA Claims on Wage and Break Laws

California Supreme Court Exempts Public Employers from PAGA Claims on Wage and Break Laws

The California Supreme Court ruled that public employers are not subject to civil penalties under the Private Attorneys General Act (PAGA) and are exempt from certain wage and break laws unless explicitly stated.
October 11, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation California

Rethinking Hurricane Risk: Why a Wind-Focused Approach Misses the Real Threat

Rethinking Hurricane Risk: Why a Wind-Focused Approach Misses the Real Threat

As climate change fuels stronger storms, the Saffir-Simpson scale's wind-only focus is outdated. A refined system accounting for flooding, storm surge, and storm duration could improve safety and insurance coverage.
October 10, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida
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