News
Insurance Ranks in the Top 5 Most Affected Industries When It Comes to Identity Fraud
Analysis of over three million identity fraud attempts last year highlight the serious threat posed to individuals and companies worldwide, according to full-cycle verification platform Sumsub. The ...
U.S. Product Recalls on Pace to Hit 6-Year High
If the pace of product recalls continues in the fourth quarter, the number will reach a six-year high by the end of the year, a new report from Sedgwick shows. Year-to-date there have been 2,454 ...
Biden Administration Urges Congress to Fund Disaster Relief
President Joe Biden's budget director called on U.S. lawmakers on Monday to quickly pass emergency disaster relief funding in the wake of damaging storms and said it would send Congress a funding ...
Mitigating Flood Risk 10x More Cost Effective Than Rebuilding: Swiss Re
Flood damage-related economic losses totaled $51.6 billion in 2023, but research shows protective measures can substantially reduce losses, according to Swiss Re Institute. As losses are expected to ...
New York Judge Rejects Climate Concerns in Effort to Shutter Bitcoin Mine
A cryptocurrency plant in central New York can continue operating after a court rejected the state's effort to shutter the facility over concerns about its climate impact. The decision was hailed as ...
New Hampshire High Court Invalidates GEICO Underinsured Claim Provision
A claim provision requiring insureds to seek underinsured benefits from their auto insurer within three years of an accident is unenforceable in New Hampshire because it restricts the insureds' right ...
Fewer Worker Deaths Investigated by OSHA in FY 2024
The Occupational Safety and Health Administration said its enforcement has led to fewer workers dying. OSHA, a part of the Department of Labor, said it investigated 826 worker deaths in fiscal year ...
Lloyd’s of London Shakes Up IT, Operations Teams
Commercial insurance market Lloyd's of London is restructuring its data, operations and change departments, which will involve outsourcing some of those units' work, a Lloyd's spokesperson said on ...