Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk September 18, 2024 By Alex Longley Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers...
Bump in Federal Trade Secret Litigation Seen in 2023: Report September 18, 2024 Analytics from Lex Machina 2024 Trade Secret Litigation Report reveals a rise in trade secret cases filed in federal district...
Viewpoint: How Insurance Industry Can Use AI Safely and Ethically September 18, 2024 By Doug Marquis Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs...
Home Insurance Customers Staying Put Despite More Shopping Around: J.D. Power September 18, 2024 By Chad Hemenway Chubb, AIG, and Amica lead other insurers in J.D. Power’s assessment of customer satisfaction for home insurance, but the consumer...
Maine Considers Public Flood Insurance Option for Municipalities, Property Owners September 18, 2024 By EMMETT GARTNER/The Maine Monitor State leaders tasked with reviewing Maine’s preparations and responses to climate change-fueled natural disasters are at a crossroads. While Maine...
HEMIC in Hawaii Issuing $5 Million Dividend to Policyholders September 18, 2024 Hawaii Employers’ Mutual Insurance Company Inc. is giving policyholders the largest dividend in the workers’ compensation carrier’s history. The HEMIC...
Construction Workers Recover $77K After Being Denied Prevailing Wage September 18, 2024 A U.S. Department of Labor investigation has recovered $77,206 in back wages for five workers employed on a federally funded...
Washington Cabinet Shop Fined $187K for Safety Violations September 18, 2024 A Ridgefield, Washington cabinet company has been cited for numerous safety violations including unguarded saw blades, spraying flammable glue next...
Leveraging AI in Insurance: How SelectsysTech’s AI OCR Bridge Transforms Data Extraction September 18, 2024 By Srinu Kalyan This post is part of a series sponsored by Selectsys. Introduction In today’s data-driven world, the ability to quickly and...
California Commissioner, Cal Poly Humboldt Working on Public Wildfire Model September 17, 2024 California Insurance Commissioner Ricardo Lara and Cal Poly Humboldt plan to form a strategy group to undertake what Lara says...