Allstate Reports Significant January Catastrophe Losses Amid Auto Rate Hikes
With January’s pretax catastrophe losses hitting $276 million, Allstate outlines its strategy on auto rate increases and its impact on premiums.
February 15, 2024
California
Illinois
New Jersey
New York
Texas
Navigating the New Landscape of Workers’ Compensation Laws in 2024
With a series of legislative updates in 2024, workers now have enhanced protections and benefits, addressing issues from COVID-19 to mental health support.
February 15, 2024
Legislation & Regulation
Risk Management
Technology
Workers' Compensation
California
Connecticut
Illinois
New York
Oregon
New York City on the Brink of Its Largest Snowstorm in Two Years
New York City anticipates a major winter storm, possibly marking the most significant snowfall event since January 2022.
February 13, 2024
Catastrophe
Risk Management
Connecticut
Massachusetts
New Jersey
New York
Pennsylvania
Few States Actively Combating Increased Hurricane Risk Despite Rising Frequency
With hurricanes becoming three times more frequent over the past century, only a handful of U.S. states are stepping up with effective risk reduction strategies.
February 12, 2024
Catastrophe
Marine
Property
Risk Management
Louisiana
New York
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
Discover the Next Generation of Insurance Talent with Rising Stars in Commercial Brokering
Meet Emily Weiss Schaffer, a 2023 Fine Arts Power Broker, and explore her journey and insights into the world of fine art insurance.
February 2, 2024
Education & Training
Insurance Industry
Life & Health
Risk Management
New York
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 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
New York Governor Vetoes Bill Banning Noncompete Agreements, Keeping Current Laws in Place
Gov. Kathy Hochul’s veto of a bill to ban noncompete agreements in New York maintains the status quo, balancing business interests and worker rights.
January 12, 2024
Legislation & Regulation
Risk Management
New York
OpenAI and Microsoft Face Lawsuit Over Alleged Copyright Infringement in AI Training
OpenAI and Microsoft are sued for allegedly using copyrighted nonfiction works to train AI models, including the ChatGPT chatbot, sparking a debate on AI training practices.
January 8, 2024
Insurance Industry
Litigation
Technology
New York
Court Upholds New York Fund’s Authority to Surcharge Noncash Tips for Black Car Drivers
A Second Circuit Court ruling supports the New York workers’ compensation fund’s authority to impose a surcharge on noncash tips for black car drivers.
January 3, 2024
Auto
Insurance Industry
Legislation & Regulation
Workers' Compensation
New York
New Jersey Man Pleads Guilty in Massive No-Fault Auto Insurance Fraud Scheme
Bradley Pierre’s guilty plea unveils a decade-long, $60-$70 million no-fault auto insurance fraud, involving medical clinics, bribes, and tax evasion in New York and New Jersey.
December 19, 2023
Auto
Fraud
Legislation & Regulation
Litigation
New Jersey
New York
Navigating the Shifting Landscape: Strategies for the Evolving Workers’ Compensation Market
As the workers’ compensation market begins to shift, exploring expert insights and strategies for agents and insureds in navigating these changes in 2024.
December 13, 2023
Insurance Industry
Legislation & Regulation
Risk Management
Workers' Compensation
California
New Jersey
New York
Experts Discuss Overcoming Cognitive Bias in Decision Making at CLM 2023 Focus Conference
At CLM’s 2023 Focus Conference, industry professionals delve into the impact of cognitive bias on decision-making, emphasizing the need for awareness and diversity in claims analysis.
December 12, 2023
Education & Training
Insurance Industry
Liability
Risk Management
New York
Generative AI in Legal and Insurance Fields: A Balancing Act of Trust and Caution
AI’s growing presence in law and insurance raises questions of reliability and the balance of technology and human judgment.
November 16, 2023
Education & Training
Liability
Litigation
Technology
New York
