Chinese Hackers Target Eight U.S. Telecom Firms in Espionage Campaign
A Chinese espionage group has infiltrated eight U.S. telecom companies, sparking federal investigations and raising cybersecurity concerns across critical infrastructure.
December 5, 2024
Legislation & Regulation
Risk Management
Technology
Florida
Florida Matches Record Hurricane Landfalls in 2024, Reports Howden Re
The 2024 Atlantic hurricane season, marked by record Florida landfalls and extreme storm activity, ranks among the most impactful in recent history, Howden Re reports.
December 5, 2024
Catastrophe
Property
Risk Management
Technology
Florida
North Carolina
Tennessee
Holiday Communication Strategies for Insurance Claims Professionals
Whether at work or with family, the holiday season demands communication skills that blend empathy, humor, and diplomacy to navigate sensitive topics and potential conflicts.
December 4, 2024
Education & Training
Insurance Industry
Risk Management
Emerging Trends in Workers’ Compensation Insurance for 2025
In 2025, workers’ compensation insurance will see advancements in AI, wearable tech, and remote work policies, alongside a focus on personalized claims management and safety programs.
December 4, 2024
Insurance Industry
Risk Management
Technology
Workers' Compensation
Artificial Intelligence in Insurance: Navigating Regulation and Ethical Oversight
As insurers increasingly adopt artificial intelligence, global regulators are stepping up oversight, emphasizing ethics, compliance, and transparency to mitigate risks and ensure responsible innovation.
December 4, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
AI Brings Speed, Precision, and Control to Insurance Operations
Artificial intelligence is transforming the insurance industry by automating processes, enhancing fraud detection, personalizing policies, and streamlining customer service.
December 4, 2024
Fraud
Risk Management
Technology
Underwriting
Homeowners Face Triple Disaster Risks and Insurance Gaps
Over 33,000 U.S. homes face extreme risks from three natural disasters, exposing gaps in insurance coverage and highlighting the urgent need for multi-peril resilience planning.
December 3, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
Florida
Texas
Washington
Annual Claim Department Review: 13 Areas to Strengthen Operations
An annual operational review of claims departments is essential to improve efficiency, ensure compliance, and deliver exceptional customer service in an evolving insurance industry.
December 3, 2024
Insurance Industry
Risk Management
Technology
Beckett Grading’s Decline Deepens as Fraud Scandal Weighs Heavy
Beckett Grading Services faces a steep drop in card grading activity as its owner’s $2 billion insurance fraud conviction compounds ongoing struggles in the competitive market.
December 3, 2024
Fraud
Insurance Industry
Litigation
Risk Management
Oklahoma Employer Ordered to Pay $72,000 for Misclassifying Retail Workers and Denying Overtime
An Oklahoma employer must pay $72,000 in back wages and damages after misusing an agricultural exemption to avoid paying overtime to 20 retail employees across multiple locations.
December 3, 2024
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
Missouri
Oklahoma
Texas
Ohio Manufacturer Faces OSHA Penalties After Worker Injured by Unprotected Machine
A Portsmouth-based hardwood floor manufacturer faces $255,528 in OSHA fines following a partial arm amputation injury and repeated safety violations at two facilities.
December 3, 2024
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
Ohio
CDC Declares E. Coli Outbreak Linked to McDonald’s Burgers Over
The CDC has concluded its investigation into an E. coli O157:H7 outbreak traced to McDonald’s Quarter Pounder burgers, which sickened 104 people in 14 states and led to one fatality.
December 3, 2024
Legislation & Regulation
Litigation
Risk Management
Legal System Abuse: The New Name Driving Insurance Industry Reform
Insurance leaders at Triple-I’s 2024 Joint Industry Forum rebrand "social inflation" as "legal system abuse" to improve communication and drive legal reform for cost control.
December 3, 2024
Fraud
Legislation & Regulation
Litigation
Risk Management
Florida
Georgia
Kansas
Louisiana
Washington
Commercial Insurance Market Holds Steady Amid Pricing, Underwriting Gains
Strong underwriting and moderate pricing gains sustain profitability in U.S. commercial insurance, despite pressures from casualty claims, social inflation, and evolving liabilities.
December 3, 2024
Liability
Property
Risk Management
Technology
Insurance Faces Data Challenges in Climate Risk Planning
Fragmented data sources and limited integration are stalling the insurance industry’s ability to address climate risks, experts emphasize at the Global Insurance Forum.
December 2, 2024
Catastrophe
Legislation & Regulation
Risk Management
Technology
Florida
