Features

New Mexico Reaches $500M Settlement with Walgreens in Opioid Case

New Mexico has settled with Walgreens for $500 million over the pharmacy chain’s role in distributing highly addictive prescription painkillers. The agreement was signed in March, and state officials confirmed that a confidentiality provision on the agreement was lifted last …

Louisiana Homeowners Eligible for Roofing Retrofitting Grants

Louisiana homeowners will soon be able to apply for grants to retrofit their roofs to beyond-code construction standards, spurring discounts to their insurance premiums. State lawmakers appropriated $30 million to the Louisiana Fortify Homes Program (LFHP) in a budget bill …

Is Insurance Recruiting Being Impacted by Artificial Intelligence?

The movie Terminator 2 is the first thing that comes to mind when I hear about artificial intelligence. A universe where machines take over our daily lives seems so distant from my reality. Then I’m reminded that I use AI …

West Texas Dollar General Hit With $294K Penalty

A federal workplace safety inspection at another Dollar General store, this time in Lamesa, Texas, found exit routes and walkways blocked and merchandise unsafely stacked, conditions that exposed employees and others to fire hazards and struck-by injuries that have been …

3 Emerging Risks to Watch: The Rise of Robotics, Infrastructure Spending, Vehicle Subscriptions

Years ago, it may have been hard to imagine a time when robots could have nine-to-five jobs and handle household chores, drivers could subscribe to luxury vehicle features like heated seats and big infrastructure projects would become common across the …

Florida Agents Optimistic About the Market – and They Don’t Fear the A.I. Reaper

Just as some California insurance agents are expressing grave concerns about the future of that state’s insurance market, a number of Florida agents feel like they’ve turned something of a corner. “Things are getting better. They are,” said Gordon Gillespie, …

The Industry Shouldn’t Compete on Cybersecurity

With cyber risk growing for small businesses, the insurance industry should cooperate on cybersecurity. The National Cybersecurity Alliance reports that small and midsize businesses are “easy targets” for cybercriminals. Small firms represent 58% of cybercrime victims, according to SCORE, a …

Bad Press, Claims Issues, Soaring Premiums Giving Industry Another Black Eye?

It’s no secret that the U.S. property/casualty insurance industry does not always enjoy a sterling reputation among consumers. As one insurance professor recently put it, the industry’s rank in public opinion is somewhere between that of personal injury lawyers and …

How Businesses Can Guard Against Email Scams

Bbusiness email compromise (BEC) is one of the most financially damaging online crimes, according to the FBI’s Internet Crime Report. In 2022, there were nearly 22,000 related complaints, and businesses lost more than $2.7 billion to these scams. BEC is …

Q&A: Consultant Stephen Bushnell Digs into Green Insurance Products

After learning about green buildings, after examining their structural characteristics that may not be covered by traditional insurance policies, and after studying green rating guides and the commissioning process, Stephen Bushnell came to a notable conclusion. “It seems that green …

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