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Emerging Trends in Workers’ Compensation Insurance for 2025

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

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

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

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

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’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

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

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

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

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

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

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

The Changing Role of Source Code Escrows in Cloud-Driven Insurance IT

The Changing Role of Source Code Escrows in Cloud-Driven Insurance IT

As cloud computing reshapes IT operations, the traditional value of source code escrows is diminishing, prompting insurance CIOs to rethink business continuity and vendor risk strategies.
December 2, 2024 Insurance Industry Legislation & Regulation Risk Management Technology

Shoplifting Operation Stole $2M in Goods, Resold in New York and Abroad

Shoplifting Operation Stole $2M in Goods, Resold in New York and Abroad

A shoplifting ring that stole $2 million in high-end goods across several states was dismantled, with stolen items resold online and in the Dominican Republic. New laws are being enforced to tackle organized retail theft.
December 2, 2024 Fraud Legislation & Regulation Liability Risk Management New Jersey New York

AI Tool Creates Accurate Satellite Images Predicting Floods

AI Tool Creates Accurate Satellite Images Predicting Floods

MIT researchers combine generative AI and physics models to create realistic satellite images of future floods, enhancing readiness and emergency planning.
December 2, 2024 Catastrophe Insurance Industry Risk Management Technology Texas
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