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Florida Court Rules Employer Entitled to Full Workers’ Compensation Lien

Florida Court Rules Employer Entitled to Full Workers’ Compensation Lien

A Florida appellate court has ruled that Captain D’s LLC is entitled to fully collect on its workers’ compensation lien after an injured worker failed to prove she didn’t receive full value from her injuries in a third-party settlement.
July 15, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation Florida

Nearly 300,000 Without Power in Texas One Week After Hurricane Beryl

Nearly 300,000 Without Power in Texas One Week After Hurricane Beryl

Hundreds of thousands of Texans remain without power one week after Hurricane Beryl caused widespread damage. Gov. Greg Abbott has demanded an explanation from Houston’s main electricity supplier.
July 15, 2024 Catastrophe Legislation & Regulation Risk Management Technology Texas

AT&T Pays Hacker $370,000 to Delete Stolen Customer Data

AT&T Pays Hacker $370,000 to Delete Stolen Customer Data

AT&T paid a hacker $370,000 to delete stolen call and text records of millions of customers. The hacker, part of the ShinyHunters group, claims to have wiped the only complete dataset, but some risks remain.
July 15, 2024 Fraud Litigation Risk Management Technology

White House Elevates Infrastructure to Combat Intensifying Floods

White House Elevates Infrastructure to Combat Intensifying Floods

The Biden administration finalizes a policy requiring FEMA-funded reconstruction projects to be elevated above local flood levels to mitigate damage from intensifying floods due to climate change.
July 11, 2024 Catastrophe Legislation & Regulation Property Risk Management Texas

Addressing Rising Insurance Costs Through Education and Resilience

Addressing Rising Insurance Costs Through Education and Resilience

Triple-I emphasizes the importance of consumer education and community resilience to mitigate rising insurance costs driven by inflation, litigation, and natural disasters.
July 11, 2024 Education & Training Legislation & Regulation Property Risk Management California Florida Louisiana

Timely Filing of Post-Trial Motions: Illinois Appellate Court Upholds 30-Day Deadline

Timely Filing of Post-Trial Motions: Illinois Appellate Court Upholds 30-Day Deadline

The Illinois Appellate Court emphasizes the necessity of filing post-trial motions within 30 days, even if final judgments are pending on other counts, underscoring the jurisdictional limits of trial courts.
July 11, 2024 Education & Training Legislation & Regulation Litigation Risk Management Illinois

Atlantic Hurricane Season Outlook Predicts More Storms

Atlantic Hurricane Season Outlook Predicts More Storms

Colorado State University has revised its forecast for the 2024 Atlantic hurricane season, predicting an even busier season with 25 named storms and 12 hurricanes.
July 9, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management

Crypto Theft Surges: $1.38 Billion Stolen in Hacks and Exploits in First Half of 2024

Crypto Theft Surges: $1.38 Billion Stolen in Hacks and Exploits in First Half of 2024

In the first half of 2024, hackers stole $1.38 billion from cryptocurrency platforms, double the amount stolen in the same period in 2023, according to TRM Insights.
July 8, 2024 Fraud Risk Management Technology

Court Rules Tenant Can’t Claim Total Loss for Pre-Fire Improvements

Court Rules Tenant Can’t Claim Total Loss for Pre-Fire Improvements

A Minnesota court ruled that a cellphone repair business is not entitled to total-loss coverage for $445,000 in tenant improvements made before a fire destroyed their leased space in a commercial building.
July 8, 2024 Insurance Industry Litigation Property Risk Management Minnesota

CoreLogic Estimates Hurricane Beryl’s Insurable Losses in Jamaica, Cayman Islands, and Mexico Under $2 Billion

CoreLogic Estimates Hurricane Beryl’s Insurable Losses in Jamaica, Cayman Islands, and Mexico Under $2 Billion

CoreLogic estimates that Hurricane Beryl caused insurable losses between $400 million and $700 million in Jamaica and the Cayman Islands, with similar losses in Mexico’s Yucatan Peninsula.
July 8, 2024 Catastrophe Insurance Industry Property Risk Management

Insurers Prepare for Paris Olympics Amid Cyber and Terrorism Threats

Insurers Prepare for Paris Olympics Amid Cyber and Terrorism Threats

As the 2024 Paris Olympics approach, insurers brace for potential financial losses due to threats of cyber attacks, terrorism, and political protests, heightening security concerns.
July 8, 2024 Insurance Industry Risk Management

July 4th Fireworks Ignite Wildfire in New Jersey, Burning 4,000 Acres in Wharton State Forest

July 4th Fireworks Ignite Wildfire in New Jersey, Burning 4,000 Acres in Wharton State Forest

A wildfire caused by July 4 fireworks has burned 4,000 acres in New Jersey’s Wharton State Forest, with containment now at 75%.
July 8, 2024 Catastrophe Legislation & Regulation Property Risk Management New Jersey

Hurricane Beryl Slams Texas with Deadly Force: 90 mph Gusts, Life-Threatening Storm Surge

Hurricane Beryl Slams Texas with Deadly Force: 90 mph Gusts, Life-Threatening Storm Surge

Hurricane Beryl made landfall in Texas, bringing 90 mph winds, torrential rain, and life-threatening storm surge, leaving one person dead and over 1.5 million without power.
July 8, 2024 Catastrophe Insurance Industry Property Risk Management Texas

Boosting Risk and Compliance: Key Insights from NAVEX’s 2024 Report

Boosting Risk and Compliance: Key Insights from NAVEX’s 2024 Report

The 2024 State of Risk and Compliance Report by NAVEX offers valuable insights from over 1,000 global R&C professionals, highlighting trends, challenges, and the impact of leadership and technology on compliance program maturity.
July 3, 2024 Insurance Industry Risk Management Technology

Personal Lines Underwriting Losses Impact US Property/Casualty Insurance Sector

Personal Lines Underwriting Losses Impact US Property/Casualty Insurance Sector

Significant losses in private passenger auto and homeowners segments drive continued unprofitability for the US property/casualty insurance sector.
July 2, 2024 Auto Insurance Industry Property Risk Management
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