Florida’s proposed legislation could alter auto insurance market structure – report

[ad_1] On April 29 alone, the federal Storm Prediction Center logged 781 combined reports of tornadoes, hail, and wind from New Mexico to New York. Multiple other reports were filed during the broader April 27–29 outbreak, spanning much of the central and eastern US. [ad_2] Source link

[ad_1] The California Department of Insurance has been under pressure to stabilize the market, introducing new rules that allow insurers to factor in future climate risks when setting rates. However, these regulations have yet to take full effect, leaving insurers frustrated with a system that, they argue, does not allow them to charge premiums that reflect actual…

[ad_1] Firms brace for rise in litigation risks [ad_2] Source link

[ad_1] What are the three phases of value? According to KPMG, the “enable” phase emphasizes building AI foundations by appointing responsible executives, creating AI strategies, identifying high-value use cases, increasing AI literacy, and ensuring regulatory alignment. This phase also involves launching AI pilots, utilizing cloud platforms, and leveraging pre-trained models with minimal customization. [ad_2] Source…

[ad_1] Electrical contractors operate in environments where even small mistakes can cause major losses, from fires and equipment breakdowns to injuries and vehicle accidents. While no safety program can eliminate every risk, taking proactive steps to prevent claims and foster a culture of safety can significantly strengthen a company’s risk profile. “Being safety-minded isn’t just…

[ad_1] Background and dispute over coverage Kaufman was hired by JM Family Enterprises to build a corporate campus in South Florida. The project included multiple office buildings, a dining hall, a parking garage, and a central energy plant. By October 2020, some of the structures were completed, and JM Family had begun using them. However,…