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Tennessee Supreme Court Upholds State’s Workers’ Compensation Injury Definition

Tennessee Supreme Court Upholds State’s Workers’ Compensation Injury Definition

Tennessee’s definition of "injury" for workers’ compensation, requiring proof that employment contributed more than 50% to the injury, has been upheld as constitutional by the state’s Supreme Court, despite a worker’s challenge.
August 29, 2024 Insurance Industry Legislation & Regulation Litigation Workers' Compensation Tennessee

Hailstorms to Produce Larger Hailstones as Climate Warms, Posing Greater Damage Risks

Hailstorms to Produce Larger Hailstones as Climate Warms, Posing Greater Damage Risks

A new study predicts that climate change will lead to larger hailstones by mid-to-late century, resulting in increased damage risks to aircraft, vehicles, and buildings due to stronger thunderstorm updrafts.
August 29, 2024 Catastrophe Legislation & Regulation Property Risk Management Ohio

North Carolina Supreme Court Rules on Validity of Homeowner’s Insurance Cancellation Before Fire Loss

North Carolina Supreme Court Rules on Validity of Homeowner’s Insurance Cancellation Before Fire Loss

The North Carolina Supreme Court upheld a ruling that a mailed cancellation notice met state requirements, effectively voiding a homeowner’s insurance policy weeks before a fire destroyed the property.
August 29, 2024 Legislation & Regulation Litigation Property Risk Management North Carolina

NYC’s DCWP Secures Over $600,000 for Consumers Exploited by R.G. Ortiz Funeral Homes

NYC’s DCWP Secures Over $600,000 for Consumers Exploited by R.G. Ortiz Funeral Homes

The NYC Department of Consumer and Worker Protection (DCWP) has secured over $600,000 in restitution and civil penalties from R.G. Ortiz Funeral Homes for exploiting grieving consumers, particularly in Spanish-speaking communities.
August 28, 2024 Fraud Legislation & Regulation Life & Health Litigation New York

Simplifying Insurance: Why Clear Language Matters More Than Buzzwords

Simplifying Insurance: Why Clear Language Matters More Than Buzzwords

The insurance industry is ripe with innovation, but the overuse of vague buzzwords like "transformation" and "disruption" dilutes meaningful progress. A call for precise and straightforward communication can better serve clients, investors, and the industry itself.
August 27, 2024 Insurance Industry Legislation & Regulation Risk Management Technology

Federal Policy Conflicts Could Raise Flood Insurance Costs, Leave Thousands Unaware of Dam Risks

Federal Policy Conflicts Could Raise Flood Insurance Costs, Leave Thousands Unaware of Dam Risks

Conflicting federal policies hinder communities from accessing vital dam failure data, potentially raising flood insurance costs and leaving residents unaware of flood risks.
August 26, 2024 Catastrophe Legislation & Regulation Property Risk Management Arizona California Colorado Georgia Minnesota

Modernizing Freight Claims: The Carmack Amendment’s Role in Today’s Logistics

Modernizing Freight Claims: The Carmack Amendment’s Role in Today’s Logistics

The Carmack Amendment has long served as a legal foundation for freight claims in the U.S., but evolving logistics and e-commerce trends challenge its relevance, necessitating fresh strategies for claims professionals.
August 26, 2024 Legislation & Regulation Risk Management Technology Tennessee

Hurricane Rainfall Predicted to Intensify in Frequency and Impact

Hurricane Rainfall Predicted to Intensify in Frequency and Impact

A DeepSky Research report predicts a 300% rise in extreme hurricane rainfall frequency and a 33% increase in severity, highlighting the urgent need for preparedness as hurricane impacts are expected to worsen rapidly.
August 26, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Louisiana Mississippi North Carolina South Carolina

Congress Probes Alleged Exploitative Practices by Health Insurers and MultiPlan

Congress Probes Alleged Exploitative Practices by Health Insurers and MultiPlan

Lawmakers are questioning health insurance regulators and MultiPlan’s role in reducing payments to medical providers, which may lead to higher costs for patients and employers, raising concerns about transparency and potential conflicts of interest.
August 21, 2024 Insurance Industry Legislation & Regulation Life & Health Litigation California Massachusetts Minnesota Oregon Virginia

Car Insurance Rates Surge 26% in 2024, Costing Drivers Over $2,500 Annually

Car Insurance Rates Surge 26% in 2024, Costing Drivers Over $2,500 Annually

Car insurance premiums have soared by an average of 26% in 2024, driven by inflation, costly car repairs, and rising accident rates. States like New Jersey and Missouri saw the highest hikes, with more increases expected.
August 21, 2024 Auto Legislation & Regulation Property Risk Management

Pennsylvania Court Rules Against Pension Offset in Post-Retirement Injury Case

Pennsylvania Court Rules Against Pension Offset in Post-Retirement Injury Case

In a Pennsylvania case, the court ruled that a county couldn’t offset pension payments against workers’ compensation benefits for a retiree who was injured after returning to work part-time, citing the "absurdity doctrine."
August 19, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation Pennsylvania

Toronto Man Faces Over 100 Charges in Major Auto Fraud and ReVINing Investigation

Toronto Man Faces Over 100 Charges in Major Auto Fraud and ReVINing Investigation

A Toronto resident has been arrested and faces more than 100 charges in connection with an extensive auto fraud and reVINing scheme. Police warn potential buyers to check vehicle history reports carefully.
August 19, 2024 Auto Fraud Insurance Industry Legislation & Regulation

Ernesto Becomes Hurricane After Devastating Caribbean, Power Outages Widespread

Ernesto Becomes Hurricane After Devastating Caribbean, Power Outages Widespread

Hurricane Ernesto intensifies after battering the northeast Caribbean, leaving Puerto Rico and the U.S. Virgin Islands with widespread power outages, severe flooding, and disrupted services as it heads towards Bermuda.
August 14, 2024 Catastrophe Legislation & Regulation Property Risk Management

Majority of Hurricane Debby Damage Occurred Outside FEMA Flood Zones, Highlights Coverage Gaps

Majority of Hurricane Debby Damage Occurred Outside FEMA Flood Zones, Highlights Coverage Gaps

Hurricane Debby caused $12.3 billion in damage, with 78% of affected properties located outside FEMA-designated flood zones. The event underscores the need for updated flood risk assessments and broader insurance coverage.
August 14, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia Maryland North Carolina Pennsylvania

UK Riots Expected to Have Minimal Financial Impact on Insurance Sector

UK Riots Expected to Have Minimal Financial Impact on Insurance Sector

Recent UK riots may test the effectiveness of the UK Riot Compensation Act 2016, but overall losses are expected to remain manageable for British insurers, with claims likely staying below GBP 250 million.
August 14, 2024 Legislation & Regulation Litigation Property Risk Management
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