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Silica Dust Exposure Drives Enforcement and Mitigation Actions Across States

Silica Dust Exposure Drives Enforcement and Mitigation Actions Across States

Regulators are intensifying efforts to mitigate silica dust exposure, leading to significant fines and actions to prevent lung injuries in industries like stone fabrication and countertop manufacturing.
September 11, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation California Illinois

Hawkins Inc. Resolves Hazardous Waste Violations With $51,158 Penalty and Emergency Equipment Donations

Hawkins Inc. Resolves Hazardous Waste Violations With $51,158 Penalty and Emergency Equipment Donations

Hawkins Inc. of Iowa will pay $51,158 in penalties and provide emergency response equipment after the EPA found violations of hazardous waste management regulations under the Resource Conservation and Recovery Act.
September 11, 2024 Legislation & Regulation Litigation Property Risk Management Iowa

Outage Shakes Life & Annuity Carriers, Raising New Risk Questions

Outage Shakes Life & Annuity Carriers, Raising New Risk Questions

A 30-hour iPipeline outage over Labor Day weekend disrupted new business operations for Life & Annuity carriers, underscoring the evolving risks in third-party technology reliance.
September 11, 2024 Risk Management Technology

Tropical Storm Francine Set to Become Hurricane, Targeting Gulf Coast with Storm Surge and Heavy Rain

Tropical Storm Francine Set to Become Hurricane, Targeting Gulf Coast with Storm Surge and Heavy Rain

Tropical Storm Francine is forecast to strengthen into a hurricane before making landfall along the Gulf Coast, bringing dangerous storm surge, heavy rain, and potential flooding to parts of Louisiana and Texas by midweek.
September 9, 2024 Catastrophe Legislation & Regulation Property Risk Management Alabama Louisiana Mississippi Texas

Farmers’ Fraud Scheme: Tampered Rain Gauges Led to Million-Dollar Crop Insurance Scandal

Farmers’ Fraud Scheme: Tampered Rain Gauges Led to Million-Dollar Crop Insurance Scandal

A group of farmers in Colorado and Kansas tampered with rain gauges to falsely report drought conditions, leading to a multimillion-dollar crop insurance fraud. Their actions resulted in both criminal penalties and civil settlements.
September 9, 2024 Fraud Insurance Industry Litigation Risk Management Colorado Kansas

Commercial Casualty Losses Surge 11% in 5 Years: 3 Strategies to Navigate Social Inflation in Claims

Commercial Casualty Losses Surge 11% in 5 Years: 3 Strategies to Navigate Social Inflation in Claims

Social inflation is driving commercial casualty losses up by 11% over five years. Explore three key strategies—data utilization, early case assessment, and advanced technology—to manage this growing challenge.
September 9, 2024 Liability Litigation Risk Management Technology

DOJ Intervenes in First Cybersecurity False Claims Case Against DoD Contractors

DOJ Intervenes in First Cybersecurity False Claims Case Against DoD Contractors

The Department of Justice filed its first False Claims Act lawsuit under the Civil Cyber-Fraud Initiative, targeting contractors accused of noncompliance with DoD cybersecurity requirements.
September 5, 2024 Legislation & Regulation Litigation Risk Management Technology Georgia

Innovative Insurance Solutions Are Critical as Severe Weather Intensifies

Innovative Insurance Solutions Are Critical as Severe Weather Intensifies

The surge in severe weather events highlights the urgent need for modern insurance strategies, as homeowners face heightened risks and coverage gaps. Tailored disaster insurance solutions can help protect against growing financial vulnerability.
September 5, 2024 Catastrophe Insurance Industry Property Risk Management California New York

Businesses Struggling to Keep Pace With Industry-Shaping Megatrends

Businesses Struggling to Keep Pace With Industry-Shaping Megatrends

Aon’s 2024 survey reveals that most business leaders are struggling to adapt to key megatrends, including trade, technology, climate, and workforce changes, to better manage risk.
September 5, 2024 Catastrophe Risk Management Technology

Buddy System for Workplace Safety Faces Challenges Despite Its Benefits

Buddy System for Workplace Safety Faces Challenges Despite Its Benefits

While the buddy system is often praised for improving worker safety in high-risk environments, experts warn of potential downsides, including inconsistent practices, cost concerns, and reduced management oversight.
September 4, 2024 Liability Risk Management Workers' Compensation Colorado Connecticut Missouri

Financial Crisis Looms Over NYC’s Largest Taxi Insurer, American Transit

Financial Crisis Looms Over NYC’s Largest Taxi Insurer, American Transit

American Transit Insurance Co., a key insurer for NYC taxis and rideshare vehicles, faces insolvency, risking disruption for tens of thousands of drivers as regulators consider intervention.
September 4, 2024 Auto Legislation & Regulation Litigation Risk Management New York

General Contractors and Nondelegable Duties in Florida

General Contractors and Nondelegable Duties in Florida

General contractors in Florida face growing legal hurdles in apportioning fault to subcontractors due to the nondelegable duty of supervision, with courts increasingly placing full liability on the contractor.
September 4, 2024 Legislation & Regulation Litigation Property Risk Management Florida

Catastrophe Bond Market Surges to $45.6 Billion in Outstanding Capital

Catastrophe Bond Market Surges to $45.6 Billion in Outstanding Capital

The catastrophe bond market has reached unprecedented levels, recording $12.2 billion in new transactions and pushing total capital to $45.6 billion, driven by growing risk transfer needs.
September 4, 2024 Catastrophe Insurance Industry Property Risk Management California Florida Texas

AI’s Transformative Impact on Risk Assessment, Fraud Detection, and Efficiency in Insurance

AI’s Transformative Impact on Risk Assessment, Fraud Detection, and Efficiency in Insurance

Artificial intelligence is reshaping insurance by enhancing risk assessment, improving customer experience, and streamlining operations. However, ethical challenges, regulatory hurdles, and high costs remain obstacles.
September 4, 2024 Fraud Insurance Industry Risk Management Technology

Skyline’s FatTrack Model Ensures Rapid Payout for Jamaican Farmers After Hurricane Beryl

Skyline’s FatTrack Model Ensures Rapid Payout for Jamaican Farmers After Hurricane Beryl

Skyline Partners’ FatTrack trigger mechanism led to a swift payout under a parametric insurance policy for Jamaican farmers after Hurricane Beryl, highlighting its efficiency in handling weather-based claims.
September 3, 2024 Catastrophe Property Risk Management Technology
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