FTX Investors Target Sports Entities in Crypto Fraud Lawsuit
Major League Baseball, Formula 1, and Mercedes-Benz racing team face lawsuit for allegedly aiding FTX’s multi-billion-dollar crypto fraud.
November 29, 2023
Fraud
Legislation & Regulation
Litigation
Risk Management
Treasury Considers Federal Cyber Insurance for Catastrophic Risks
The U.S. Treasury is contemplating a federal response to catastrophic cyber risks, aiming to support the burgeoning private cyber insurance sector.
November 29, 2023
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Cannabis Facility Worker’s Asthma Death Leads to Wrongful Death Lawsuit
In a landmark case, the death of a worker from asthma at Trulieve’s Massachusetts cannabis plant sparks a wrongful death lawsuit, challenging workplace safety standards.
November 29, 2023
Legislation & Regulation
Liability
Risk Management
Workers' Compensation
Massachusetts
A Deep Dive on Bad Faith
In the labyrinth of insurance litigation, the focus often shifts to insurers’ adherence to state laws in claim handling, raising crucial questions of fairness and good faith.
November 29, 2023
Legislation & Regulation
Liability
Litigation
Risk Management
US Issues Caution for Maritime Shipping in Red Sea Amid Rising Attack Risks
The US warns of increased dangers for ships in the Red Sea and Gulf of Aden, with recent attacks and suspicious activities heightening risks and insurance concerns.
November 28, 2023
Catastrophe
Insurance Industry
Marine
Risk Management
MAPFRE’s CEO Highlights the Ethical Challenges of AI in Insurance at Geneva Summit
At the Geneva Association Summit, MAPFRE’s CEO stresses the need for ethical AI regulation and proactive measures against cyber risks in the insurance sector.
November 28, 2023
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Commercial Underwriting: Risk Factors That Matter
Understanding the complex landscape requires both foresight into identifying the right risk variables and a modern technology stack.
November 28, 2023
Catastrophe
Risk Management
Technology
Underwriting
Glimmers of Good News on Climate (Finally)
Stunning declines in the cost of solar and wind power are rapidly adding renewables to the world’s energy mix.
November 28, 2023
Auto
Catastrophe
Risk Management
Technology
Georgia
New Jersey
Tips for Avoiding Bed Bug Infestations
Implementing strict procedures can prevent unnecessary customer complaints, eradication costs and business interruption.
November 27, 2023
Education & Training
Insurance Industry
Risk Management
Understanding the Nuances of ’Falling Objects’ in Insurance Coverage
A condominium’s claim for damage caused by unstable excavation material highlights the intricate interpretations of ’falling objects’ in insurance policies.
November 27, 2023
Catastrophe
Litigation
Property
Risk Management
Minnesota
Chubb Report Reveals Misconceptions Among US Mid-Market Companies Regarding Flood Risks
Chubb’s new report highlights a significant gap in understanding among US mid-market companies about the extent of flood risk and insurance coverage.
November 21, 2023
Catastrophe
Insurance Industry
Property
Risk Management
Fans Sue Over Disrupted Las Vegas Formula One Practice Session
Formula One enthusiasts file a lawsuit against Las Vegas Grand Prix organizers for forcing early exit before practice session, seeking $30,000 in damages.
November 20, 2023
Insurance Industry
Liability
Litigation
Risk Management
Nevada
AI Impact on Insurance Jobs: A Deeper Look Beyond Recent Layoffs
Recent layoffs in the insurance sector prompt discussions on AI’s role, with experts suggesting AI is reshaping jobs rather than being the primary cause of job losses.
November 20, 2023
Education & Training
Insurance Industry
Risk Management
Technology
Rising Natural Disasters and Economic Factors Lead to Increasing Homeowners Insurance Costs
Homeowners insurance affordability declines nationwide, influenced by increased natural disasters and economic factors, with significant state-to-state variations in insurance costs.
November 20, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Louisiana
Mississippi
New Hampshire
Oklahoma
Whole Foods Executive Shares Insights on Career Transition and Risk Management Evolution
From culinary dreams to a leading role in risk management, a Whole Foods executive shares her journey and insights on the evolving landscape of workers’ compensation and technology’s role.
November 20, 2023
Education & Training
Risk Management
Technology
Workers' Compensation
