A proposed rule by the U.S. Department of Labor on Tuesday would make it more difficult for businesses to treat employees as independent contractors, a change that is expected to shake up the ride-hailing, delivery, and other industries that rely on gig workers. The news rocked the stocks of ride-hailing companies, with Uber, Lyft, and… Continue reading DOL’s Proposed Rule to Shake Up Gig Economy
Author: Annie George
One in Four Companies Globally Suffered a Data Breach: PwC
According to PwC’s annual Global Digital Trust Insights Survey, which polls more than 3,500 senior executives from 65 countries, one in every four companies [27%] has experienced a data breach that cost them $1-$20 million or more in the last three years. “The percentage rises to one in three [34%] for companies surveyed in North… Continue reading One in Four Companies Globally Suffered a Data Breach: PwC
Hurricane Ian Exposes Flood Insurance Nightmare in Florida
Hurricane Ian’s storm surge flooded homes on Florida’s west coast, leaving mold, muck, mud, and a flood insurance nightmare for residents who want to rebuild. Many Floridians who experienced extensive flooding did not have a separate flood insurance policy to cover the storm’s damage. It has left homeowners — and even renters — with a… Continue reading Hurricane Ian Exposes Flood Insurance Nightmare in Florida
Insurance Nonprofit IICF Launches Relief Fund for Hurricane Ian Victims
The Insurance Industry Charitable Foundation (IICF), a one-of-a-kind nonprofit dedicated to assisting communities and enriching lives, has established the IICF Hurricane Ian Relief Fund to assist those in need in the aftermath of Hurricane Ian. The funds will go to Team Rubicon, a nonprofit that provides emergency response and relief throughout affected areas, and the… Continue reading Insurance Nonprofit IICF Launches Relief Fund for Hurricane Ian Victims
U.S. Employers Looking at Other Options for Retiree Healthcare Benefits
Employers in the United States are looking at alternative ways to provide healthcare benefits to their retirees over the next three years, as costs rise. In addition, some employers intend to replace traditional group retiree medical benefits for pre-Medicare retirees with individual insurance via private marketplaces. These are some of the findings of a new… Continue reading U.S. Employers Looking at Other Options for Retiree Healthcare Benefits
Reinsurers to Partner with Tremor to Develop Features
Tremor Technologies, Inc., the leading online reinsurance pricing and placing platform, is pleased to announce the launch of its Reinsurer Product Council, which includes the participation of eight global reinsurance companies and ILS funds representing nearly $100 billion in industry capital. Companies taking part include major US, Bermudan, and European reinsurers, as well as alternative… Continue reading Reinsurers to Partner with Tremor to Develop Features
New Study Finds U.S. Drivers Often Treat Partially Automated Cars as Self-Driving
Despite warnings, drivers who use advanced driver assistance systems such as Tesla Autopilot or General Motors Super Cruise frequently treat their vehicles as fully self-driving, according to a new study. The Insurance Institute for Highway Safety (IIHS), an industry-funded group that pushes automakers to make safer vehicles, reported on Tuesday that regular users of Super… Continue reading New Study Finds U.S. Drivers Often Treat Partially Automated Cars as Self-Driving
High Auto Insurance Premiums Hurting Product Bundling
The future of the home and auto insurance bundle, once a mainstay of property and casualty (P&C) insurance customer retention and lifetime value strategies, is in doubt as legions of customers begin to split their policies. Rapidly rising auto insurance premiums, according to the J.D. Power 2022 U.S. Home Insurance StudySM, are largely to blame… Continue reading High Auto Insurance Premiums Hurting Product Bundling
Hartford, CT Worker Paralyzed from Workplace Injury Awarded $100 Million
Juan “Mikey” Cruz’s life changed forever five years ago — and not in a good way. An industrial accident at a Hartford warehouse dropped a 1,300-pound load of lighting equipment from a 20-foot-high rack directly on top of Cruz, who is now 48. The outcomes were disastrous. His spine had literally split in half. According… Continue reading Hartford, CT Worker Paralyzed from Workplace Injury Awarded $100 Million
Crowdsourced Photo App Helps Homeowners Assess Ian’s Damage
On 60 Minutes this week, correspondent Bill Whitaker reported from Florida on the effects of Hurricane Ian on local communities. Former Air Force weather forecaster Bobby Quinn is lending his service and expertise as many across the state continue to assess the damage. The Tampa Bay native drove toward Ian’s projected path and stayed in… Continue reading Crowdsourced Photo App Helps Homeowners Assess Ian’s Damage