Insights from the 2024 Travelers Injury Impact Report

Analyzing over 1.2 million workers’ compensation claims from 2017 to 2021, the 2024 Travelers Injury Impact Report reveals critical trends to help businesses enhance workplace safety and reduce injury-related costs.
August 8, 2024 Education & Training Insurance Industry Risk Management Workers' Compensation

Aviation Claims Soar Due to Collisions and Crashes, Reports Allianz

A recent report by Allianz Commercial reveals that collisions and crashes constitute over half of aviation insurance claims by value and a third by number over the past five years.
August 8, 2024 Insurance Industry Risk Management Technology

Pioneering Program Targets Reduction in Workplace Cancer

The Canadian Cancer Society (CCS) has launched a groundbreaking initiative to reduce workplace-related cancers. They aim to fund seven innovative research projects with an investment of $1.38 million.
August 7, 2024 Legislation & Regulation Life & Health Risk Management Workers' Compensation

Balancing Topical and Systemic Pain Medications

Managing chronic pain involves choosing between topical and systemic medications, each with its own advantages and limitations in terms of safety, efficacy, and application.
August 7, 2024 Life & Health Risk Management Technology Workers' Compensation

Severe Thunderstorms Drive Global Insured Losses to $60 Billion in H1 2024

Global insured losses from natural catastrophes have surged to $60 billion in the first half of 2024, with severe thunderstorms in the US contributing significantly.
August 7, 2024 Catastrophe Insurance Industry Property Risk Management

Tech Giants Counter Delta Air Lines’ Blame Over Flight Cancellations

Delta’s claims against Microsoft and CrowdStrike are misleading, say tech giants.
August 7, 2024 Insurance Industry Litigation Risk Management Technology Georgia

People Flock to Texas and Florida Despite Fire and Flood Risks

People are moving to fire- and flood-prone areas in the US, driven by migration to Texas and Florida. These states attract newcomers with low taxes and affordable housing, despite growing climate risks.
August 7, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Texas

Farmworkers in California Claim Retaliatory Firings for Avoiding Triple-Digit Heat

Six California farmworkers allege they were fired for leaving work early due to unsafe triple-digit temperatures, sparking investigations into potential retaliation and heat safety compliance.
August 7, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation California

Embracing Generative AI: A Pivotal Moment for the Insurance Industry

Insurance firms are increasingly adopting generative AI, which is transforming customer service, claims management, and overall operational efficiency.
August 7, 2024 Insurance Industry Risk Management Technology

AI Boosts Insurtech Financing Amid Deepfake Risks, Report Says

Global insurtech financing rose 40% to $1.27 billion in Q2, largely driven by AI-focused investments, according to reinsurance broker Gallagher Re.
August 7, 2024 Fraud Insurance Industry Risk Management Technology

Norwegian Salmon Farms Face Record Fish Mortality Rates Amid Harsh Conditions

Norwegian salmon farms are experiencing unprecedented fish mortality rates this year due to an unusually harsh winter and the El Nino climate phenomenon.
August 7, 2024 Catastrophe Insurance Industry Property Risk Management

How AI is Revolutionizing Insurance Operations

Generative AI is transforming commercial insurance by reducing costs and increasing efficiency through improved risk selection and service capabilities.
August 7, 2024 Risk Management Technology Underwriting

Hurricane Debby Hits Florida’s Big Bend, Promises Severe Southeast Flooding

Hurricane Debby has made landfall in Florida’s Big Bend with maximum sustained winds of 80 mph, leading to potential historic flooding from northern Florida to the Carolinas, along with gusty winds, storm surge, and tornadoes.
August 5, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina Virginia

CrowdStrike Faces Federal Securities Class Action from Investors

The Plymouth County Retirement Association has filed a class action lawsuit against CrowdStrike in Texas, claiming the cybersecurity firm’s software outage caused significant global disruptions and financial losses.
August 1, 2024 Litigation Risk Management Technology Texas

The Future of College Athletics Hangs in the Balance as Court Denies NCAA’s Motion to Dismiss

A recent court ruling against the NCAA’s motion to dismiss could redefine college athletes as employees, affecting their compensation and the future of college sports.
August 1, 2024 Education & Training Legislation & Regulation Litigation Risk Management
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