Despite massively raising prices for homeowners over the past few decades, the 52 property insurance companies serving Florida are bleeding money, regulators and lobbyists said.

The U.S. insurance industry's top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and appeal processes-as well as underwriting, rating and insurance producer and sales issues.

In a recent notice to the industry the Federal Insurance Office ('FIO') set forth a series of requests to both life and property/casualty insurers for information as to the impact of climate change on both their insurance risks and asset valuations affecting their solvency.

On July 9, 2021, New York City's Biometric Identifier Information law went into effect, implementing a host of regulations regarding the collection, use, and sale of biometric data by commercial establishments in the five boroughs.

Artificial intelligence and machine learning have become so prevalent that many businesses now heavily rely on algorithms to make decisions that can impact our daily lives, from security scans and medical diagnostics to mortgage approvals and customer service interactions.

There is hope on the horizon for Texas contractors that, for decades, have borne liability for construction defects in owner-furnished contracts.

When notorious criminal John Dillinger was asked during the Depression why he robbed banks, he famously replied: 'Because that's where the money is.' That simple observation may offer an answer to the surge of ransomware.

The Federal rulemaking committee for unmanned aircraft systems (UAS) and drones has invited State Farm as the only insurance company to take part.

In what may be considered one of the largest whistleblower lawsuits in US history, a complaint has been filed which names 315 auto insurance companies as defendants.

Climate change and its devastating impact are accelerating faster than ever, according to a new report from the United Nations' Intergovernmental Panel on Climate Change. Hurricanes are becoming stronger, rainfall heavier and flood risk higher.

A new Michigan Department of Insurance and Financial Services agreement ensures unlimited Personal Injury Protection (PIP) medical coverage for uninsured vehicle occupants and pedestrians who were injured in auto accidents prior to the July 2, 2020 implementation of Michigan's new auto insurance law.

Personal auto insurers raked in profits of at least $29 billion in 2020 as miles driven, auto crashes and insurance claims plummeted due to the pandemic, according to a new study by the Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ).

The US Government Accountability Office (GAO) â€" a nonpartisan government audit agency â€" has released a new report, which recommends that the Federal Emergency Management Agency (FEMA) reconsider the mandatory purchase requirements of the National Flood Insurance Program (NFIP).

After a year of immense change, the United States continues to battle the COVID-19 pandemic and the opioid crisis. A continued interest in using marijuana as a substitute for opioids in the treatment of chronic pain has prompted many states to legalize the drug for medical purposes with several also legalizing for recreational purposes.

Insurance is essential for individuals, businesses, and communities to recover quickly from natural catastrophes â€' but perils have evolved to a point at which risk transfer, though necessary, isn't enough to ensure resilience.