InsurTech Leaders Highlight AI’s Role in Underwriting

Harnessing previously uncaptured data is key to underwriting success, agree two InsurTech executives, as AI transforms the insurance sector.
June 12, 2024 Insurance Industry Risk Management Technology Underwriting New York

Woman Sues Ice Cream Company Over Lack of Real Pistachios

A woman from Long Island is suing Cold Stone Creamery, alleging that its pistachio ice cream contains no actual pistachios. The lawsuit could have significant implications for ice cream lovers across the country.
June 12, 2024 Fraud Legislation & Regulation Litigation New York

CityMD Settles $12 Million Allegations Over False Claims for COVID-19 Testing

CityMD settles allegations of submitting false claims for COVID-19 testing to a federal program for uninsured patients, paying $12.04 million to resolve the issue.
June 11, 2024 Fraud Legislation & Regulation Life & Health Litigation New Jersey New York

USPS National Dog Bite Awareness Campaign Highlights Rising Incidents

The USPS concluded its 2024 National Dog Bite Awareness Campaign amid a rise in dog attacks on postal workers, emphasizing safe mail delivery and responsible pet ownership.
June 10, 2024 Education & Training Insurance Industry Risk Management Weird California Florida Illinois Michigan Missouri

Nuclear Verdicts Surge in Personal Injury and Wrongful Death Cases: A Decade in Review

A comprehensive study from the U.S. Chamber of Commerce Institute for Legal Reform highlights the rising trend of nuclear verdicts, their causes, and potential solutions over a ten-year period ending in 2022.
June 10, 2024 Legislation & Regulation Litigation Property Risk Management California Florida Georgia Illinois Missouri

New Jersey Man Sentenced for Leading Major No-Fault Insurance Fraud in New York

Bradley Pierre has been sentenced to 10 years in prison for orchestrating a $60 million fraud targeting No-Fault automobile insurance companies, marking one of the largest such frauds in New York history.
June 4, 2024 Fraud Insurance Industry Legislation & Regulation Litigation New Jersey New York

CoreLogic’s 2024 Report Analyzes Hurricane Risk for U.S. Gulf and Atlantic States

CoreLogic’s 2024 Hurricane Risk Report details the potential impact of hurricanes on U.S. Gulf and Atlantic states, emphasizing the need for updated risk assessments to ensure effective preparation and mitigation.
May 30, 2024 Catastrophe Insurance Industry Property Risk Management Florida Maine New Jersey New York Pennsylvania

OSHA Updates Hazard Communication Standard for Better Alignment with Global System

The Occupational Safety and Health Administration announced a comprehensive revision of its Hazard Communication Standard, aiming to better align it with the United Nations’ Globally Harmonized System of Classification.
May 29, 2024 Education & Training Insurance Industry Legislation & Regulation Risk Management Michigan Missouri New York

Family Sues Over Fatal Allergic Reaction to Mislabeled Cookie Sold at Stew Leonard’s

The family of Orla Ruth Baxendale has filed a lawsuit against Stew Leonard’s and Cookies United LLC after a mislabeled cookie caused a fatal allergic reaction, highlighting severe negligence in labeling.
May 28, 2024 Insurance Industry Liability Life & Health Litigation Connecticut New York

Building Resilience with Insurance

The Global Sustainability Insurance Summit in Los Angeles highlighted how insurance plays a pivotal role in enhancing resilience against natural catastrophes.
May 22, 2024 Catastrophe Insurance Industry Risk Management Technology California Hawaii New York

AI Startup Lovo Sued for Allegedly Using Actors’ Voices Without Consent

Berkeley-based AI firm Lovo faces a class action lawsuit from voice actors Paul Lehrman and Linnea Sage, who allege their voices were used without permission for the company’s AI generator, Genny.
May 20, 2024 Fraud Legislation & Regulation Litigation Technology California New York

North American Pet Health Insurance Market Sees Robust Growth, According to NAPHIA 2024 Report

The North American Pet Health Insurance Association’s 2024 report reveals significant increases in gross written premiums and insured pets, underscoring strong industry expansion.
May 13, 2024 California Florida Illinois Massachusetts New Jersey

International Jewelry Thief Nabbed After High-Profile Heists in New York

After a series of audacious jewelry thefts spanning continents, Yaorong Wan’s criminal spree ends with an arrest in New York City.
May 9, 2024 Catastrophe Fraud Litigation Property California New Jersey New York

NYC Sees Improved Construction Safety but Faces Challenges with Rising Injuries

The latest NYC Construction Safety Report reveals a significant reduction in fatalities but an uptick in worker injuries, highlighting both progress and ongoing safety challenges in the construction sector.
May 8, 2024 Insurance Industry Property Workers' Compensation New York

Wegmans Reduces Litigation and Enhances Worker Recovery with AI-Enhanced Claims Management

At Wegmans, AI technology has slashed litigation rates and improved response times in workers’ compensation claims, leading to faster, more effective treatment.
May 8, 2024 Insurance Industry Litigation Risk Management Technology Workers' Compensation New York
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