States Begin to Implement NAIC’s AI Guidelines for Insurers, Marking a New Regulatory Era
With the adoption of NAIC’s AI framework by seven states, insurers face the challenge of implementing comprehensive AI governance and risk management programs.
April 11, 2024
Insurance Industry
Legislation & Regulation
Technology
Alaska
California
Colorado
Connecticut
Illinois
Cities with the Highest Insurance Fraud Incidence in 2023
An analysis reveals the U.S. cities most affected by insurance fraud, with Atlanta leading and diverse factors contributing to the issue across the nation.
April 10, 2024
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
Georgia
Illinois
Michigan
Missouri
Nevada
Homeowners Brace for Further Hikes Amid Climate and Market Pressures
As homeowners grapple with a 19.8% spike in insurance rates, projections show a relentless 6% increase into 2024, heavily influenced by climate change and severe weather patterns.
April 1, 2024
Catastrophe
Legislation & Regulation
Property
Connecticut
Florida
Illinois
Louisiana
Maine
Massive Cheese Product Recall Expands Over Listeria Concerns
The FDA lists 57 products in a growing recall over listeria contamination fears, with an investigation focusing on queso fresco and cotija cheeses.
February 14, 2024
Liability
Life & Health
Alabama
Arizona
California
Colorado
Florida
Jury Awards $130 Million to Victims of Toxic Bottled Water
A Las Vegas jury awarded $130 million to five individuals who fell ill after consuming Real Water, marking a significant verdict against the bottled water company.
February 13, 2024
Life & Health
Litigation
Nevada
Revolutionizing Online Sports Betting Insurance with Innovative Solutions
Innovative insurance solutions like surety bonds are transforming collateralization in the sports betting industry, marking a new era of financial flexibility.
February 8, 2024
Insurance Industry
Legislation & Regulation
Technology
Delaware
Montana
Nevada
New Jersey
Oregon
$100 Million Settlement Reached in 2018 Grand Canyon Helicopter Crash
The family of a British tourist receives a $100 million settlement for the 2018 Grand Canyon helicopter crash that resulted in five deaths, including the tourist’s.
January 11, 2024
Catastrophe
Legislation & Regulation
Liability
Risk Management
Nevada
US Auto Insurance Premiums Set for Record Increase in 2024
As U.S. drivers brace for the highest auto insurance rate hike since 2018, with an average increase of 12.6%, financial pressures mount across states.
January 10, 2024
Auto
Insurance Industry
Legislation & Regulation
Technology
Arizona
California
Connecticut
Florida
Georgia
Tech Innovations Reshape Workers’ Compensation Claims Processing
Technology is revolutionizing workers’ compensation claims, with tools that streamline processing, identify trends, and improve outcomes.
December 18, 2023
Risk Management
Technology
Workers' Compensation
Nevada
Multi-Million-Dollar Insurance Fraud Ringleader Captured After Four Years as a Fugitive
After a lengthy pursuit, US Marshals arrest William Maze, the alleged leader of a vast insurance fraud operation, marking a significant breakthrough in the case.
December 4, 2023
Auto
Fraud
Legislation & Regulation
Florida
Nevada
Washington
The Four Horsemen of AI: How Tech Allows Tomorrow’s Underwriter to Predict, Segment, Optimize and Generate Results
At ITC Vegas 2023, experts discussed AI’s transformative role in insurance underwriting, emphasizing the need for trust and education in integrating this evolving technology.
December 1, 2023
Education & Training
Risk Management
Technology
Underwriting
Nevada
Fans Sue Over Disrupted Las Vegas Formula One Practice Session
Formula One enthusiasts file a lawsuit against Las Vegas Grand Prix organizers for forcing early exit before practice session, seeking $30,000 in damages.
November 20, 2023
Insurance Industry
Liability
Litigation
Risk Management
Nevada
Vegas Casinos Hit by Major Cyberattacks: MGM and Caesars Face Severe Consequences
MGM Resorts and Caesars Entertainment face severe fallout from major cyberattacks, highlighting the critical importance of cybersecurity in today’s digital age.
November 17, 2023
Fraud
Liability
Risk Management
Technology
Nevada
Nevada Confronts Soaring Auto Insurance Costs in Public Webinar
The Nevada Division of Insurance recently held a live webinar to provide the public with an opportunity to discuss the rising cost of auto insurance in the state.
November 8, 2023
Auto
Legislation & Regulation
Liability
Risk Management
Nevada
Lawsuits Target MGM and Caesars Casinos Over Cyberattacks
Five class action lawsuits filed against MGM Resorts International and Caesars Entertainment seek to punish the casino giants for failing to protect customers in September’s cyberattacks.
September 26, 2023
Excess & Surplus Lines
Litigation
Nevada
