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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

SEC Targets NovaTech and Leaders in $650 Million Global Crypto Scheme

SEC Targets NovaTech and Leaders in $650 Million Global Crypto Scheme

The SEC has charged NovaTech Ltd. and its principals with defrauding over 200,000 investors in a $650 million crypto scheme, targeting the Haitian-American community and relying on a multi-level marketing structure to solicit funds.
August 14, 2024 Fraud Legislation & Regulation Litigation Technology California Florida New York

Federal Authorities Probe Fatal Tesla Cybertruck Crash and Fire in Texas

Federal Authorities Probe Fatal Tesla Cybertruck Crash and Fire in Texas

The National Highway Traffic Safety Administration is gathering information on a fatal crash involving a Tesla Cybertruck in Texas but has not launched a formal investigation.
August 14, 2024 Auto Legislation & Regulation Litigation Technology Texas

Wildfire Risk Intensifies in 2024: Over 2.6 Million Homes at High Risk in the Western U.S.

Wildfire Risk Intensifies in 2024: Over 2.6 Million Homes at High Risk in the Western U.S.

As of mid-2024, wildfires have ravaged millions of acres in the U.S., with over 2.6 million homes at moderate or greater risk, emphasizing the crucial role of insurance and risk management in protecting communities.
August 13, 2024 Catastrophe Legislation & Regulation Property Risk Management Arizona California Colorado Hawaii Idaho

Misconceptions Around Genetic Risk Testing and Why Life Insurers Should Embrace It

Misconceptions Around Genetic Risk Testing and Why Life Insurers Should Embrace It

Despite its potential to revolutionize life insurance, genetic risk testing faces misconceptions that hinder adoption among both policyholders and insurers. Understanding these myths and recognizing the benefits is key to advancing personalized healthcare.
August 13, 2024 Insurance Industry Legislation & Regulation Life & Health Risk Management Florida

Georgia’s Auto Insurance Costs Surge, Now Among the Least Affordable in the U.S.

Georgia’s Auto Insurance Costs Surge, Now Among the Least Affordable in the U.S.

Georgia has become one of the least affordable states for auto insurance, with rising costs driven by factors such as legal system abuse, uninsured motorists, and increased litigation, according to a recent IRC study.
August 12, 2024 Auto Legislation & Regulation Litigation Risk Management Florida Georgia Louisiana Mississippi New York

California Wildfire Survivors Protected from Insurance Cancellations by New Moratorium

California Wildfire Survivors Protected from Insurance Cancellations by New Moratorium

A new one-year moratorium issued by California's Insurance Commissioner prevents insurance cancellations and non-renewals for over 185,000 homeowners impacted by recent wildfires in Northern and Central California, ensuring coverage as they recover.
August 12, 2024 Catastrophe Legislation & Regulation Property Risk Management California
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