NOAA Proposes $575 Million for Coastal Climate Resilience

NOAA recommends $575 million in funding for 19 projects to enhance coastal climate resilience under the Investing in America agenda.
July 31, 2024 Catastrophe Legislation & Regulation Property Risk Management Alaska California Delaware Hawaii Louisiana

Oil and Gas Activity Likely Caused West Texas Earthquakes

Recent damaging earthquakes in West Texas are likely caused by oil and gas activity, according to the USGS.
July 31, 2024 Catastrophe Legislation & Regulation Litigation Risk Management New Mexico Oklahoma Texas

Dollywood Visitors Navigate Floodwaters During Torrential Downpour

Visitors wade through knee-deep water as Dollywood floods due to a torrential downpour.
July 31, 2024 Catastrophe Insurance Industry Liability Risk Management Tennessee

Gulf Coast Residents Urged to Monitor Developing Tropical Wave

Meteorologists caution Gulf Coast residents about a potential tropical cyclone forming in the Atlantic as the 2024 hurricane season intensifies.
July 30, 2024 Catastrophe Insurance Industry Property Risk Management Florida

Alaska Supreme Court Clarifies Workers’ Compensation Coverage in Friendship-Based Employment Case

The Alaska Supreme Court ruled that hiring a friend for work on another friend’s property does not exempt the employer from workers’ compensation coverage, rejecting the so-called "buddy exemption."
July 30, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation Alaska

Simplifying Insurance with IoT: A Streamlined Future

IoT technology is poised to simplify insurance by enhancing data integration, improving risk analysis, and overcoming workforce challenges, ultimately protecting people and businesses more effectively.
July 30, 2024 Auto Insurance Industry Risk Management Technology

Climate Crisis: Extreme Weather Becomes the Norm in Europe, 2023

In 2023, Europe faced unprecedented extreme weather events, including heatwaves, droughts, storms, and floods, highlighting the urgent need for insurers to adapt and develop robust climate risk management strategies.
July 30, 2024 Catastrophe Legislation & Regulation Property Risk Management

Insurance Industry Faces Record-High Claims Costs Due to Legal System Abuse

Legal system abuse, including frivolous lawsuits and inflated claims, significantly raises insurance claims costs, impacting policyholders, insurers, and agents, as highlighted by Triple-I.
July 30, 2024 Insurance Industry Liability Litigation Risk Management

HealthEquity Data Breach Exposes Information of 4.3 Million Individuals

HealthEquity reported that a cybersecurity incident compromised the personal information of 4.3 million individuals, involving a partner’s credentials to access sensitive health data.
July 29, 2024 Fraud Life & Health Risk Management

Massive Scam Exploits Proofpoint’s Email Flaw, Sends Millions of Spoofed Messages

An unknown threat actor exploited an email misconfiguration in Proofpoint’s system, sending millions of spoofed emails from reputable companies like Best Buy and IBM, highlighting vulnerabilities in email security infrastructure.
July 29, 2024 Fraud Risk Management Technology

Adjuster Cautionary Tale: Courtroom Embarrassment Over Chat Message

A recent post on Reddit’s adjusters subreddit shared a cautionary tale about the risks of casual, off-the-cuff remarks in professional communications. In this instance, a fire claim involving a homeowner’s pet parrot escalated to the courtroom, where an unfortunate message by an adjuster was read aloud, much to his embarrassment.
July 29, 2024 Litigation Property Risk Management Technology

Take-Two Interactive Identifies Negative Review Campaigns as Major Risk

Take-Two Interactive’s SEC filing highlights various risks including negative review campaigns, which could result in loss of players, revenue, and increased marketing costs.
July 29, 2024 Insurance Industry Litigation Risk Management Technology

Berkshire Hathaway Insurer and Cannabis Company Clash Over $1.3 Million Claim

National Fire and Marine Insurance Co. denies coverage for Theraplant’s $1.3 million business income loss claim, citing policy exclusions and differing interpretations of coverage terms.
July 29, 2024 Insurance Industry Litigation Property Risk Management Connecticut

Bears Wreak Havoc Inside Connecticut Car

Two bears trapped inside a car in Winsted, Connecticut caused significant damage before being safely released, highlighting the growing black bear population in the state.
July 29, 2024 Catastrophe Property Risk Management Weird Connecticut

How Insurance Agencies Are Using AI to Transform Their Operations

Leading insurance agencies are leveraging AI for communication, policy analysis, document comparison, and predictive analytics to enhance efficiency, accuracy, and customer satisfaction.
July 29, 2024 Education & Training Insurance Industry Risk Management Technology
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