
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
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
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 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
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
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
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
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
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
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
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.
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
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 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
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



