Insurers Gear Up for 2024 with Increased Investment Risks and AI Integration
Survey reveals U.S. insurers are optimistic about 2024's market, planning to increase investment risks and incorporate AI in their investment strategies.
January 24, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Allstate Insurance’s Ascension in the Stock Market Reflects Strong Investor Confidence
Achieving a 52-week high in share price, Allstate Insurance stands as a testament to investor trust, backed by robust financial health and historical solidity.
January 24, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Underwriting
California
VF Corp Reveals Extent of Cyberattack Impacting Millions of Consumers
VF Corp, parent company of North Face and Vans, reports 35.5 million consumers' data compromised in a December cyberattack but confirms no critical financial data stolen.
January 23, 2024
Legislation & Regulation
Risk Management
Technology
Colorado
Florida Plans to Issue Bonds to Support Hurricane Losses Fund
Florida aims to bolster its hurricane catastrophe fund by borrowing up to $3.8 billion through municipal bonds to support property insurers against hurricane losses.
January 23, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
Amazon France Fined for Excessive Employee Surveillance
Amazon France Logistique faces a 32 million euro fine from CNIL for implementing an overly intrusive surveillance system to monitor employee performance.
January 23, 2024
Legislation & Regulation
Technology
US Appeals Court Revives Mexico’s $10 Billion Gun Trafficking Lawsuit
A US appeals court overturns a lower court's dismissal, reviving Mexico's lawsuit against American gun manufacturers for allegedly facilitating arms trafficking to cartels.
January 23, 2024
Insurance Industry
Legislation & Regulation
Liability
Massachusetts
Investigation into Social Media Rumors Impacting Jackson’s Water Crisis
Law enforcement examines the role of social media in exacerbating Jackson, Mississippi's water system crisis amid a cold snap.
January 22, 2024
Legislation & Regulation
Liability
Risk Management
Technology
Mississippi
FEMA Announces Major Reforms to Enhance Disaster Recovery Support
In a move to streamline disaster relief, FEMA is set to introduce faster fund access, broader repair eligibility, and an easier application process for disaster survivors.
January 22, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Georgia Supreme Court Upholds Sovereign Immunity in Bray v. Watkins, Clarifying Jurisdictional Questions
In a significant ruling, the Georgia Supreme Court emphasizes sovereign immunity as a key jurisdictional issue in Bray v. Watkins, impacting future legal proceedings.
January 19, 2024
Legislation & Regulation
Liability
Litigation
Georgia
Rhode Island Bill Proposes Amendments to Enhance Workers’ Compensation Law
HB 7173 aims to reform Rhode Island's workers' compensation law, focusing on employee rights and anti-discrimination measures, with significant implications for employers.
January 19, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Workers' Compensation
Rhode Island
Florida Appeals Court Upholds $2.7 Million Tax Ruling Against State Farm
State Farm's appeal fails as Florida court affirms the insurer's obligation to pay $2.7 million in corporate taxes, interpreting state and local bond interest inclusions.
January 18, 2024
Insurance Industry
Legislation & Regulation
Litigation
Florida
Auto Insurance Premiums Surge, Contributing Significantly to U.S. Inflation Rates
Auto insurance rates, recording the highest increase since the 1970s, emerge as a key factor in sustaining high inflation rates in the United States.
January 18, 2024
Auto
Insurance Industry
Legislation & Regulation
Navigating New Cyber Insurance Challenges and Evolving Coverage
A comprehensive look at the changing landscape of cyber insurance in 2024, highlighting the industry's response to increased cyber risks, evolving coverage, and regulatory challenges.
January 18, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
California
Texas
New York Proposes Guidelines for Fair AI Use in Insurance Underwriting
New York's Department of Financial Services proposes new guidelines to ensure AI and external data in insurance underwriting don't lead to unfair discrimination, emphasizing consumer protection.
January 18, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
New York
Swiss Re CEO Stresses Net-Zero Transition and Insurance’s Role at Davos 2024
Christian Mumenthaler, CEO of Swiss Re, highlights the unstoppable momentum of the net-zero transition and the critical feedback role of insurance premiums in climate change at the World Economic Forum.
January 18, 2024
Insurance Industry
Legislation & Regulation
Risk Management
