States Move to Regulate Third-Party Litigation Funding Amid Transparency Concerns
States across the U.S. are advancing bills to increase transparency in third-party litigation funding as concerns grow over rising insurance costs and legal system abuse.
April 14
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
Arizona
California
Georgia
Kansas
Massachusetts
Maine Stands Out as Home Insurance Rates Hold Steady Amid National Spikes
While home insurance premiums rise across the U.S., Maine has maintained stability, experiencing a rate decrease in 2024. Geography and low disaster risk contribute to its resilience.
February 25
Insurance Industry
Legislation & Regulation
Property
Risk Management
Maine
Massachusetts
New Hampshire
Vermont
Uninsured and Underinsured Drivers on the Rise in 2023, IRC Report Finds
A new Insurance Research Council (IRC) report reveals that over 33% of U.S. drivers in 2023 lacked sufficient auto insurance, marking a significant increase since 2017.
February 21
Auto
Insurance Industry
Legislation & Regulation
Risk Management
Colorado
District Of Columbia
Florida
Georgia
Kentucky
Boston Proposes Permit Requirement for Food Delivery Apps
A proposed ordinance would require food delivery services like DoorDash and UberEats to obtain a city permit, carry insurance for drivers, and share delivery data with officials.
February 5
Insurance Industry
Legislation & Regulation
Liability
Risk Management
Massachusetts
Contractor Faces OSHA Penalties After Worker Falls from Boston Theater Scaffold
A federal investigation found safety violations by NER Construction Management led to a worker’s fatal fall at the Cutler Majestic Theater in Boston. OSHA has proposed $115,221 in fines.
January 24
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
Massachusetts
Record Catastrophe Bond Issuance of $17.7 Billion in 2024
Catastrophe bonds and related insurance-linked securities surged to a record $17.7 billion in issuance during 2024, driven by a robust first half and strong year-end performance.
January 21
Catastrophe
Property
Risk Management
Technology
California
Florida
Louisiana
Massachusetts
Texas
Rising Risks in Homeowners Insurance Demand Swift Action
The accelerating impacts of climate change, coupled with slow government response and human reluctance to prepare, are driving a homeowners insurance crisis in wildfire-prone states like California.
January 14
Catastrophe
Legislation & Regulation
Property
Risk Management
California
Colorado
Florida
Hawaii
Louisiana
Rising Home Insurance Nonrenewals Reshape Housing Market Across the U.S.
As climate-driven disasters increase, nonrenewed home insurance policies are surging nationwide, impacting property values, mortgages, and economic stability in vulnerable communities.
December 30, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
California
Colorado
Connecticut
Florida
Senate Report Blames Climate Change for Insurance Challenges as Industry Pushes Back
The Senate Budget Committee attributes rising non-renewal rates to climate change, but insurance experts highlight other drivers like inflation, litigation, and overbuilding.
December 19, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
California
Florida
Hawaii
Louisiana
Massachusetts
New York High Court Enforces Uber’s Arbitration Clause Despite Preexisting Injury Lawsuit
New York’s highest court has upheld Uber’s arbitration requirement in a case involving a preexisting injury lawsuit, ruling the company’s clickwrap agreement is a valid contract.
November 26, 2024
Legislation & Regulation
Liability
Litigation
Technology
California
Connecticut
Illinois
Massachusetts
New York
AI-Based Tenant Screening Settlement Highlights Alleged Algorithmic Bias
A class action lawsuit against SafeRent Solutions over alleged discriminatory algorithms concludes with a $2.2 million settlement and restrictions on AI screening practices.
November 22, 2024
Legislation & Regulation
Litigation
Risk Management
Technology
Massachusetts
Massachusetts Wildfires Spread as Drought and High Winds Intensify Risks
Ongoing drought and high winds have sparked severe brush fires across Massachusetts, with over 1,500 acres already burned this season. Officials urge caution as red flag warnings remain in place.
November 14, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Maine
Massachusetts
New Hampshire
Progressive Faces Class Action Over Alleged Denial of Collision Insurance in Massachusetts
Progressive is embroiled in a class-action lawsuit alleging that it unlawfully refused to offer collision insurance to Massachusetts drivers, potentially impacting hundreds and sparking questions about legal compliance.
November 11, 2024
Auto
Insurance Industry
Legislation & Regulation
Litigation
Massachusetts
Pets Overcoming Unusual Mishaps Compete for Nationwide’s 2024 Hambone Award
Nationwide’s 16th annual Hambone Award highlights bizarre pet incidents like a puzzle-eating pup and a toenail-tangled parrot, with voting open through August 22, 2024, to determine the most unusual pet insurance claim.
August 21, 2024
Education & Training
Insurance Industry
Risk Management
Weird
Florida
Massachusetts
New Jersey
North Carolina
Oregon
Congress Probes Alleged Exploitative Practices by Health Insurers and MultiPlan
Lawmakers are questioning health insurance regulators and MultiPlan’s role in reducing payments to medical providers, which may lead to higher costs for patients and employers, raising concerns about transparency and potential conflicts of interest.
August 21, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Litigation
California
Massachusetts
Minnesota
Oregon
Virginia
