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Digitization Revolutionizes the Insurance Industry

Digitization Revolutionizes the Insurance Industry

The insurance industry is transforming through digitization, enhancing collaboration, efficiency, and transparency among brokers, carriers, and customers.
June 19, 2024 Insurance Industry Property Risk Management Technology

Health Insurance Coverage Trends 2023: Key Insights from National Health Interview Survey

Health Insurance Coverage Trends 2023: Key Insights from National Health Interview Survey

The National Health Interview Survey 2023 reveals significant changes in health insurance coverage across the U.S., with a notable decline in uninsured rates among adults and children.
June 18, 2024 Insurance Industry Legislation & Regulation Life & Health Risk Management

Record-Breaking Year for Cyber Insurance Claims in North America

Record-Breaking Year for Cyber Insurance Claims in North America

In 2023, North America saw a surge in cyber insurance claims, with healthcare leading the sectors, driven by an increase in ransomware and cyber extortion events.
June 18, 2024 Insurance Industry Risk Management Technology

Heat-Related Injuries and Workers’ Compensation in California Agriculture

Heat-Related Injuries and Workers’ Compensation in California Agriculture

SB 1299 proposes a rebuttable presumption for heat-related injuries among agricultural workers in California, potentially shifting legal and administrative burdens in the workers’ compensation system.
June 18, 2024 Legislation & Regulation Liability Risk Management Workers' Compensation California

South Florida Flooded by Historic Rainstorm, Struggles to Adapt to Climate Challenges

South Florida Flooded by Historic Rainstorm, Struggles to Adapt to Climate Challenges

A once-in-200-years rainstorm, Invest 90L, flooded South Florida, highlighting the region’s struggle to adapt to rising sea levels and extreme weather.
June 18, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Tropical Storm Warning Issued for Southern Texas as First Storm of Hurricane Season Approaches

Tropical Storm Warning Issued for Southern Texas as First Storm of Hurricane Season Approaches

The first tropical storm warning of the season has been issued for southern Texas as a developing storm in the Gulf of Mexico threatens heavy rain, flooding, and strong winds.
June 18, 2024 Catastrophe Legislation & Regulation Property Risk Management Texas

El Paso Woman Files $1 Million Lawsuit Against Mexican Resort Over Husband’s Electrocution

El Paso Woman Files $1 Million Lawsuit Against Mexican Resort Over Husband’s Electrocution

Lizzette Zambrano sues Sonoran Sea Resort for over $1 million after her husband, Jorge Guillen, was electrocuted in a hot tub, leaving her critically injured and claiming his life.
June 17, 2024 Liability Litigation Property Risk Management Arizona Texas

Heavy Rains Aim for Texas and Louisiana as Tropical System Brews in Gulf of Mexico

Heavy Rains Aim for Texas and Louisiana as Tropical System Brews in Gulf of Mexico

AccuWeather hurricane experts are monitoring the southwestern Gulf of Mexico for potential tropical development this week.
June 17, 2024 Catastrophe Property Risk Management Florida Louisiana Texas

Common Apps May Share More Driver Data with Insurers Than Expected

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

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

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

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

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

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

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
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