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Can AI Help Combat Nuclear Verdicts? Nuclear verdicts—jury awards exceeding $10 million, often driven by punitive or non-economic damages—have surged in recent years, posing significant financial and reputational risks for businesses and insurers. Artificial Intelligence (AI) is increasingly being leveraged to combat these verdicts by enhancing litigation strategies, improving risk assessment, and optimizing defense tactics. … Read more
Aviva Stands Firm on Climate Strategy Amid Political Pushback As of August 15, 2025, Aviva, a leading global insurer, has reaffirmed its commitment to its net-zero climate strategy, despite increasing political and regulatory pushback in the U.S. and UK against environmental, social, and governance (ESG) initiatives. CEO Dame Amanda Blanc emphasized the necessity of these … Read more
Overview of Parametric Insurance for Light Showers Parametric insurance, unlike traditional indemnity-based insurance, provides payouts based on predefined triggers (e.g., measurable weather events) rather than assessed damages. In 2025, a notable advancement in this field is RainSure, introduced by Vortex Weather Insurance, which delivers payouts for even the lightest rainfall, starting at just 0.01 inches … Read more
Overview On August 14, 2025, Florida Peninsula Insurance Company, a major homeowner’s insurance provider in Florida, announced a proposed statewide average premium reduction of 8.4% for homeowners and 12% for condominium owners, marking the largest rate decrease in its 20-year history. The filing, submitted to the Florida Office of Insurance Regulation (OIR), awaits approval, with … Read more
Overview On August 11, 2025, AIX Specialty Insurance Company filed a petition for declaratory relief in the U.S. District Court for the District of Utah, seeking a ruling that it is not obligated to cover a wrongful death claim against Kim’s New Star LLC, operating as Twin Oaks Senior Living, related to a fatal van … Read more
The Montana Supreme Court upheld a $250,000 fine, with $150,000 suspended, against Victory Insurance Company for mishandling workers’ compensation policy transfers in 2019. The case stemmed from Victory’s agreement to sell its workers’ compensation business to Clear Spring Property and Casualty Company. Victory notified policyholders via a single email on December 31, 2019, stating their … Read more
Aon Slammed with Lawsuit Alleging Fraud Over Unique Insurance Program Aon, the world’s second-largest insurance broker, is facing a high-profile lawsuit filed on August 13, 2025, in Delaware bankruptcy court by the Vesttoo Creditors Liquidating Trust. The lawsuit alleges fraud related to Aon’s collateral protection insurance (CPI) program tied to intellectual property (IP)-backed lending, which … Read more
Conifer Holdings Narrows Adjusted Operating Loss to $2.07M in Q2 2025 Conifer Holdings, a Michigan-based insurance company, reported significant financial improvements in the second quarter of 2025, narrowing its adjusted operating loss to $2.07 million from $3.41 million in the same period of 2024. This progress reflects the company’s ongoing restructuring efforts and a strategic … Read more
Password reviews during employee exits are critical to safeguard organizational security, ensure compliance, and maintain operational continuity. Below is a detailed explanation of why they are essential, drawing on insights from recent reports and best practices: 1. Prevent Unauthorized Access 2. Protect Sensitive Data 3. Ensure Regulatory Compliance 4. Mitigate Insider Threats 5. Address Credential … Read more
Slide Insurance coverage Q2 Revenue Jumps as Premiums and Insurance policies Surge Tampa, FL – August 13, 2025 – Slide Insurance coverage Holdings, Inc. (Nasdaq: SLDE), a technology-driven property and casualty insurer, reported a strong 30.5% year-over-year enhance in internet revenue for the second quarter of 2025, reaching $70.1 million, or $0.56 diluted earnings per … Read more