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Florida Bar Greenlights AI Use with Ethical Guardrails for Legal Practice

Florida Bar Greenlights AI Use with Ethical Guardrails for Legal Practice

In a pioneering move, the Florida Bar approves AI for legal use, setting ethical standards to guide lawyers in harnessing AI technology responsibly.
February 2, 2024 Legislation & Regulation Technology California Florida Illinois Kentucky Minnesota

Navigating the New Terrain: How States are Reforming Tort Laws Amid Rising Litigation Challenges

Navigating the New Terrain: How States are Reforming Tort Laws Amid Rising Litigation Challenges

In response to the surge in litigation costs and nuclear verdicts, various states have enacted significant tort reforms to balance corporate accountability and economic growth.
February 1, 2024 Insurance Industry Legislation & Regulation Litigation Florida Georgia Indiana Iowa Kansas

SEC Mandates Swift Cybersecurity Incident Reporting for Public Companies

SEC Mandates Swift Cybersecurity Incident Reporting for Public Companies

Under new SEC rules, public companies must now report significant cybersecurity incidents within four business days, enhancing transparency and risk management.
February 1, 2024 Legislation & Regulation Risk Management Technology

Six New Insurance Companies Set to Transform Florida’s Homeowner Insurance Landscape

Six New Insurance Companies Set to Transform Florida’s Homeowner Insurance Landscape

The entry of six new insurance companies into Florida's market, following state regulatory approval, promises more options and competition for homeowners seeking coverage.
January 31, 2024 Insurance Industry Legislation & Regulation Property Florida

State Insurance Legislators Endorse "Colorado-Plus" Model for Dental Plan MLRs

State Insurance Legislators Endorse "Colorado-Plus" Model for Dental Plan MLRs

The National Council of Insurance Legislators adopts a Colorado-inspired model for dental plans' Medical-Loss Ratios, aiming for fairer premium spending on patient care.
January 30, 2024 Insurance Industry Legislation & Regulation Life & Health Colorado Massachusetts West Virginia

Proposal to Introduce Pet Insurance in New York Gains Momentum

Proposal to Introduce Pet Insurance in New York Gains Momentum

New York legislators aim to join other states in offering pet insurance, with proposed bills focusing on regulatory frameworks and consumer protection.
January 30, 2024 Legislation & Regulation Life & Health Property California Maine Mississippi New York Washington

New Federal Requirement for AI Developers to Disclose Safety Tests

New Federal Requirement for AI Developers to Disclose Safety Tests

In a move to ensure AI safety, the Biden administration mandates major AI developers to disclose safety test results, enhancing technology management and national security.
January 30, 2024 Insurance Industry Legislation & Regulation Risk Management Technology

Citizens Insurance to Transfer Thousands of Policies to Private Insurers in 2024

Citizens Insurance to Transfer Thousands of Policies to Private Insurers in 2024

Citizens, Florida's insurer of last resort, plans to transfer approximately 76,000 policies to private insurers this month, as part of its broader strategy to reduce policy count and address solvency concerns.
January 29, 2024 Insurance Industry Legislation & Regulation Property Florida

European Insurance Industry Urges EU for Legislation on Vehicle Data Access

European Insurance Industry Urges EU for Legislation on Vehicle Data Access

European insurers and automotive service providers appeal to the EU for urgent legislation on equitable access to in-vehicle data to foster competition and innovation.
January 29, 2024 Auto Legislation & Regulation Technology

Alabama Supreme Court Upholds Broad COVID-19 Immunity for Healthcare Providers

Alabama Supreme Court Upholds Broad COVID-19 Immunity for Healthcare Providers

The Alabama Supreme Court's recent ruling broadens the scope of COVID-19 immunity for healthcare providers, even in cases indirectly related to the pandemic.
January 29, 2024 Legislation & Regulation Liability Litigation Alabama

Insurance Industry Embraces Sustainability as a Key Driver of Consumer Choice

Insurance Industry Embraces Sustainability as a Key Driver of Consumer Choice

With 75% of drivers willing to switch for greener policies, insurance companies face the dual challenge and opportunity of integrating sustainability into their practices to meet consumer demands and regulatory requirements.
January 26, 2024 Auto Legislation & Regulation Technology California

Climate Transition Planning Becomes Key in Global Economy’s Shift to Low-Carbon Future

Climate Transition Planning Becomes Key in Global Economy’s Shift to Low-Carbon Future

A new WTW report emphasizes the growing importance of climate transition planning for businesses adapting to a low-carbon economy and regulatory demands.
January 25, 2024 Legislation & Regulation Risk Management

Florida’s Home Insurance Crisis Threatens Real Estate Market Stability

Florida’s Home Insurance Crisis Threatens Real Estate Market Stability

Florida faces a potential real estate downturn as home insurance premiums skyrocket, making mortgages increasingly difficult to obtain.
January 24, 2024 Catastrophe Legislation & Regulation Property Florida

Revolutionizing Health Coverage with Hourly Wage-Based Insurance

Revolutionizing Health Coverage with Hourly Wage-Based Insurance

Exploring the impact of hourly wage-based insurance, a new approach offering flexible, real-time premium adjustments for health coverage.
January 24, 2024 Insurance Industry Legislation & Regulation Life & Health

Homeowners’ Guide to Navigating Insurance Market Complexities in 2024

Homeowners’ Guide to Navigating Insurance Market Complexities in 2024

Equip yourself with insights to understand the volatile homeowner insurance market in 2024, leveraging technology for affordable and comprehensive coverage.
January 24, 2024 Legislation & Regulation Property Risk Management Technology
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