Common Apps May Share More Driver Data with Insurers Than Expected

Many drivers are unaware that auto insurance companies may be receiving their driving data from commonly used apps, even if they haven’t signed up for usage-based insurance programs.
June 17, 2024 Auto Insurance Industry Risk Management Technology Connecticut New Jersey Texas

Lawmakers Push for Unemployment Insurance Reforms After Pandemic Fraud

In response to massive fraud during the COVID-19 pandemic, U.S. lawmakers are advocating for reforms to restore confidence and integrity in the unemployment insurance program.
June 13, 2024 Fraud Insurance Industry Legislation & Regulation Risk Management California Illinois

Business Owners Express Concern Over Insurance Coverage

A recent Gallagher survey reveals that 80% of American business owners are worried about gaps in their business insurance coverage, with concerns spanning extreme weather, cyber-attacks, and supply chain disruptions.
June 13, 2024 Insurance Industry Risk Management Technology

Severe Weather Triggers State of Emergency in South Florida

Governor Ron DeSantis has declared a state of emergency for multiple counties in South Florida due to severe flooding and heavy rainfall, causing significant disruption.
June 13, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management Florida

Drivers Favor Speed Alert Systems for Safer Roads

A majority of U.S. drivers support technology that alerts or limits speed, according to an Insurance Institute for Highway Safety survey, suggesting a shift toward safer driving practices.
June 13, 2024 Auto Legislation & Regulation Risk Management Technology

Liability Litigation Trends: Increased Claims and Attorney Representation

Attorney representation in liability claims has increased significantly, with litigation rates climbing in 2023. The trend is partly driven by a rush to file lawsuits in Florida before new tort reform measures took effect, according to Sedgwick’s latest report.
June 13, 2024 Legislation & Regulation Liability Litigation Risk Management Florida

Preparing Insurance Adjusters for the 2024 Atlantic Hurricane Season

As the 2024 Atlantic hurricane season approaches, insurance adjusters are intensifying their training and preparations to ensure they can respond efficiently to catastrophic events.
June 12, 2024 Catastrophe Education & Training Property Risk Management

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

Natural Disasters and Their Ripple Effects on Global Systems: Swiss Re’s Latest Insights

Swiss Re’s 2024 SONAR report identifies 16 emerging risks, highlighting the compounding effects of natural disasters on critical infrastructure, supply chains, and healthcare systems, stressing the need for increased resilience and investment.
June 12, 2024 Catastrophe Life & Health Property Risk Management California Texas

Trust Ranks Highest in Auto Insurance Customer Satisfaction as Prices Surge

With U.S. auto insurance rates surging by 11.2% over the past year, customer trust emerges as a key factor in maintaining satisfaction, according to J.D. Power’s 2024 U.S. Auto Insurance Study.
June 12, 2024 Auto Insurance Industry Risk Management Florida

Whole Worker Approach Revolutionizes Claims and Recovery

The Whole Worker model centers on the injured worker’s emotional well-being, reducing anxiety and improving recovery outcomes through continuous care and telemedicine.
June 11, 2024 Insurance Industry Life & Health Risk Management Technology Workers' Compensation

Texas Supreme Court Dismisses Stonewater Roofing’s Claims Against Insurance Regulations

The Texas Supreme Court dismissed Stonewater Roofing’s constitutional claims challenging state regulations requiring licensing for public insurance adjusters, upholding the Texas Department of Insurance’s motion.
June 11, 2024 Insurance Industry Legislation & Regulation Litigation Risk Management Texas

Preparing for an Active 2024 Hurricane Season

The 2024 Atlantic hurricane season is expected to be highly active, with forecasts predicting an increased number of storms and hurricanes. Businesses and residents in vulnerable areas must prioritize preparedness to mitigate potential impacts.
June 11, 2024 Catastrophe Insurance Industry Property Risk Management California Florida

Strategies for Managing Increasing Terrorism Threats

Understanding the growing threat of terrorism and its impact on businesses is crucial for developing comprehensive strategies to ensure stability, resilience, and security in today’s complex global landscape.
June 11, 2024 Insurance Industry Property Risk Management

Crisis Unfolds in Minnesota’s Long-Term Care Insurance Industry

Minnesota’s long-term care insurance industry faces a crisis with soaring premiums, denied benefits, and delayed payments as more senior citizens begin to tap into their insurance benefits.
June 10, 2024 Insurance Industry Legislation & Regulation Life & Health Risk Management Minnesota
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