NOAA Expects Busy 2024 Atlantic Hurricane Season

NOAA forecasts an above-normal 2024 Atlantic hurricane season driven by La Nina and warm ocean temperatures, with an 85% chance of higher than average storm activity.
May 23, 2024 Catastrophe Insurance Industry Risk Management Technology

Federal Court Rules USPS Wrongfully Fired Injured Probationary Worker in Oregon

U.S. Postal Service to compensate an Oregon mail carrier for wrongful termination and emotional distress following a workplace injury report.
May 23, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation California Florida Illinois New Jersey Oregon

VR Solution Revolutionizes Workers’ Compensation Pain Management

A new VR-based program offers non-pharmacological treatment for chronic lower back pain in workers’ compensation cases, promising cost-effective and safe pain relief.
May 23, 2024 Life & Health Risk Management Technology Workers' Compensation

Worker Wins $58 Million in LA Train Yard Injury Case

Jury awards $58.35 million to train yard worker Pablo Scipione for injuries sustained while working at Kinkisharyo International’s LA facility.
May 23, 2024 Liability Litigation Risk Management Workers' Compensation California

Catastrophe Bond Issuance Hits Record Highs in 2024

Catastrophe bond and insurance-linked securities issuance surpasses $10.9 billion in H1 2024, setting new records with more deals expected.
May 23, 2024 Catastrophe Excess & Surplus Lines Insurance Industry Risk Management

Turf Fields and PFAS Chemicals: A Growing Concern for Colleges

Higher education institutions with turf fields for student athletes may encounter PFAS-related litigation due to potential health risks from "forever chemicals."
May 23, 2024 Education & Training Liability Litigation Risk Management Massachusetts

Building Resilience with Insurance

The Global Sustainability Insurance Summit in Los Angeles highlighted how insurance plays a pivotal role in enhancing resilience against natural catastrophes.
May 22, 2024 Catastrophe Insurance Industry Risk Management Technology California Hawaii New York

Gina Raimondo Unveils Strategic Vision for AI Safety and Global Cooperation

U.S. Commerce Secretary Gina Raimondo announces strategic vision for AI safety and plans for a global network of AI Safety Institutes, emphasizing international cooperation to mitigate AI risks.
May 22, 2024 Legislation & Regulation Risk Management Technology California

Rapid Melting of Glacier Linked to Seawater Intrusion

New research reveals seawater intrusion beneath Greenland’s Petermann Glacier as a key factor in its rapid melting, potentially leading to greater sea level rise than previously estimated.
May 22, 2024 Catastrophe Property Risk Management Massachusetts

Diverse Data Sources Revolutionize Flood Insurance Underwriting

Leveraging diverse data sources and advanced computing power is transforming flood insurance, making it a viable option for private insurers and improving coverage accuracy and affordability.
May 22, 2024 Insurance Industry Property Risk Management Technology

Florida’s Hurricanes: Lessons Learned and Advances in Insurance Technology

In the two decades since Florida’s devastating 2004 hurricane season, insurers have significantly improved their response strategies and technology, enhancing preparedness and resilience against future storms.
May 22, 2024 Catastrophe Property Risk Management Technology Florida

Florida’s Property Insurance Market Shows Signs of Stabilization in 2024

The Florida Office of Insurance Regulation reports a downward trend in property insurance rates for 2024, indicating market stabilization due to recent reforms.
May 21, 2024 Insurance Industry Legislation & Regulation Property Risk Management Florida Georgia Hawaii Louisiana

Can Generative AI Teach the Next Generation of Underwriters?

Industry experts discuss how generative AI can address challenges in training and retaining underwriters amid shifting expectations and rapid digital changes.
May 21, 2024 Education & Training Insurance Industry Risk Management Technology

Illinois Roofing Contractor Pays $365K in Penalties After Labor Department Seizes Assets

An Illinois roofing company has finally paid $365,576 in fines and interest after the Department of Labor seized its assets for repeatedly endangering employees.
May 21, 2024 Legislation & Regulation Liability Litigation Risk Management Illinois Wisconsin

Arctic Wolf Predicts Surge in Cyber Threats for 2024

Arctic Wolf’s 2024 Threat Report reveals a 20% increase in ransom demands and a rise in ransomware attacks, highlighting the need for stronger cybersecurity measures.
May 21, 2024 Fraud Insurance Industry Risk Management Technology
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