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Concert Cancellations in Austria Lead to Multi-Million Dollar Insurance Claims for Taylor Swift’s Eras Tour

Concert Cancellations in Austria Lead to Multi-Million Dollar Insurance Claims for Taylor Swift’s Eras Tour

Taylor Swift’s cancelled Vienna concerts, due to a foiled attack, could result in tens of millions in insurance claims, though the financial impact is mitigated by event rescheduling and coverage from multiple insurers.
August 12, 2024 Catastrophe Insurance Industry Litigation Risk Management

Georgia’s Auto Insurance Costs Surge, Now Among the Least Affordable in the U.S.

Georgia’s Auto Insurance Costs Surge, Now Among the Least Affordable in the U.S.

Georgia has become one of the least affordable states for auto insurance, with rising costs driven by factors such as legal system abuse, uninsured motorists, and increased litigation, according to a recent IRC study.
August 12, 2024 Auto Legislation & Regulation Litigation Risk Management Florida Georgia Louisiana Mississippi New York

Microsoft Outage Exposes Global Cyber Vulnerabilities and Economic Risks

Microsoft Outage Exposes Global Cyber Vulnerabilities and Economic Risks

The recent Microsoft-CrowdStrike outage disrupted businesses worldwide, highlighting the importance of robust cybersecurity measures and proactive risk management strategies to prevent widespread economic and operational setbacks.
August 12, 2024 Catastrophe Insurance Industry Risk Management Technology

Unlocking Innovation in Workers’ Comp: Improving Outcomes for Cost Savings

Unlocking Innovation in Workers’ Comp: Improving Outcomes for Cost Savings

Innovation in workers’ comp often stalls due to cost-focused approaches, but new findings suggest that improving patient outcomes could significantly reduce overall expenses and accelerate return-to-work times.
August 12, 2024 Education & Training Insurance Industry Risk Management Workers' Compensation Ohio

California Wildfire Survivors Protected from Insurance Cancellations by New Moratorium

California Wildfire Survivors Protected from Insurance Cancellations by New Moratorium

A new one-year moratorium issued by California’s Insurance Commissioner prevents insurance cancellations and non-renewals for over 185,000 homeowners impacted by recent wildfires in Northern and Central California, ensuring coverage as they recover.
August 12, 2024 Catastrophe Legislation & Regulation Property Risk Management California

Insurtech’s Quiet Revolution: Real Successes Behind the Headlines

Insurtech’s Quiet Revolution: Real Successes Behind the Headlines

Despite recent reports of its demise, insurtech is thriving within large carriers, driving innovation and competitive advantage through technologies like telematics, IoT, and data analytics.
August 12, 2024 Auto Insurance Industry Risk Management Technology

New York Man Sues Museum of Ice Cream Over Broken Ankle from Sprinkle Pool Jump

New York Man Sues Museum of Ice Cream Over Broken Ankle from Sprinkle Pool Jump

A New York man has filed a lawsuit against the Museum of Ice Cream, alleging that the museum’s marketing and inadequate warnings led him to break his ankle after jumping into their sprinkle pool during a 2023 visit.
August 12, 2024 Liability Litigation Property Risk Management New York

Massive Data Breach Hits National Public Data, Exposing Nearly Three Billion Records

Massive Data Breach Hits National Public Data, Exposing Nearly Three Billion Records

A breach at National Public Data has exposed 2.9 billion records, including names, addresses, and Social Security numbers, making it one of the largest data thefts ever reported.
August 8, 2024 Fraud Litigation Risk Management Technology California

Insights from the 2024 Travelers Injury Impact Report

Insights from the 2024 Travelers Injury Impact Report

Analyzing over 1.2 million workers’ compensation claims from 2017 to 2021, the 2024 Travelers Injury Impact Report reveals critical trends to help businesses enhance workplace safety and reduce injury-related costs.
August 8, 2024 Education & Training Insurance Industry Risk Management Workers' Compensation

Aviation Claims Soar Due to Collisions and Crashes, Reports Allianz

Aviation Claims Soar Due to Collisions and Crashes, Reports Allianz

A recent report by Allianz Commercial reveals that collisions and crashes constitute over half of aviation insurance claims by value and a third by number over the past five years.
August 8, 2024 Insurance Industry Risk Management Technology

Pioneering Program Targets Reduction in Workplace Cancer

Pioneering Program Targets Reduction in Workplace Cancer

The Canadian Cancer Society (CCS) has launched a groundbreaking initiative to reduce workplace-related cancers. They aim to fund seven innovative research projects with an investment of $1.38 million.
August 7, 2024 Legislation & Regulation Life & Health Risk Management Workers' Compensation

Balancing Topical and Systemic Pain Medications

Balancing Topical and Systemic Pain Medications

Managing chronic pain involves choosing between topical and systemic medications, each with its own advantages and limitations in terms of safety, efficacy, and application.
August 7, 2024 Life & Health Risk Management Technology Workers' Compensation

Severe Thunderstorms Drive Global Insured Losses to $60 Billion in H1 2024

Severe Thunderstorms Drive Global Insured Losses to $60 Billion in H1 2024

Global insured losses from natural catastrophes have surged to $60 billion in the first half of 2024, with severe thunderstorms in the US contributing significantly.
August 7, 2024 Catastrophe Insurance Industry Property Risk Management

Tech Giants Counter Delta Air Lines’ Blame Over Flight Cancellations

Tech Giants Counter Delta Air Lines’ Blame Over Flight Cancellations

Delta’s claims against Microsoft and CrowdStrike are misleading, say tech giants.
August 7, 2024 Insurance Industry Litigation Risk Management Technology Georgia

People Flock to Texas and Florida Despite Fire and Flood Risks

People Flock to Texas and Florida Despite Fire and Flood Risks

People are moving to fire- and flood-prone areas in the US, driven by migration to Texas and Florida. These states attract newcomers with low taxes and affordable housing, despite growing climate risks.
August 7, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Texas
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