
Man Arrested for Roofing Scam Causing Nearly $20k in Damage
A Pennsylvania solicitor was arrested for an insurance fraud scheme that caused nearly $20k in roof damage to a homeowner's property in 2023.
July 8, 2024
Fraud
Insurance Industry
Litigation
Property
Pennsylvania

AI Helps Cut Workers Comp Costs by Identifying Fraud and Difficult Claims
Artificial intelligence is aiding insurers and employers in reducing workers comp costs by identifying difficult and fraudulent claims, but it remains a tool for claims handlers rather than a replacement.
July 8, 2024
Fraud
Insurance Industry
Technology
Workers' Compensation
California
Georgia
Massachusetts
Missouri

CoreLogic Estimates Hurricane Beryl’s Insurable Losses in Jamaica, Cayman Islands, and Mexico Under $2 Billion
CoreLogic estimates that Hurricane Beryl caused insurable losses between $400 million and $700 million in Jamaica and the Cayman Islands, with similar losses in Mexico's Yucatan Peninsula.
July 8, 2024
Catastrophe
Insurance Industry
Property
Risk Management

Insurers Prepare for Paris Olympics Amid Cyber and Terrorism Threats
As the 2024 Paris Olympics approach, insurers brace for potential financial losses due to threats of cyber attacks, terrorism, and political protests, heightening security concerns.
July 8, 2024
Insurance Industry
Risk Management

July 4th Fireworks Ignite Wildfire in New Jersey, Burning 4,000 Acres in Wharton State Forest
A wildfire caused by July 4 fireworks has burned 4,000 acres in New Jersey's Wharton State Forest, with containment now at 75%.
July 8, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
New Jersey

Hurricane Beryl Slams Texas with Deadly Force: 90 mph Gusts, Life-Threatening Storm Surge
Hurricane Beryl made landfall in Texas, bringing 90 mph winds, torrential rain, and life-threatening storm surge, leaving one person dead and over 1.5 million without power.
July 8, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Texas

Boosting Risk and Compliance: Key Insights from NAVEX’s 2024 Report
The 2024 State of Risk and Compliance Report by NAVEX offers valuable insights from over 1,000 global R&C professionals, highlighting trends, challenges, and the impact of leadership and technology on compliance program maturity.
July 3, 2024
Insurance Industry
Risk Management
Technology

Personal Lines Underwriting Losses Impact US Property/Casualty Insurance Sector
Significant losses in private passenger auto and homeowners segments drive continued unprofitability for the US property/casualty insurance sector.
July 2, 2024
Auto
Insurance Industry
Property
Risk Management

Hurricane Beryl’s Unprecedented Early Season Impact Signals Climate Concerns
Hurricane Beryl's rapid intensification in early July breaks records and raises concerns about future storm activity due to climate change.
July 2, 2024
Catastrophe
Property
Risk Management
Texas

New OSHA Rule to Protect Workers from Heat Illness
OSHA's proposed rule aims to safeguard indoor and outdoor workers from heat-related illnesses and deaths.
July 2, 2024
Legislation & Regulation
Risk Management
Workers' Compensation
California
Colorado
Maryland
Minnesota
Oregon

Farmers Insurance Addresses Adjuster Concerns Following Anonymous Letter
Farmers Insurance responds to claims of understaffing and overworking made by an anonymous group of in-house adjusters, following a significant increase in claims and workforce reduction.
July 2, 2024
Insurance Industry
Legislation & Regulation
Litigation
Workers' Compensation
Alabama
California
Florida
Georgia
Tennessee

Adjuster’s Strategy Forces Uncooperative Claimant to Comply
An insurance adjuster uses a debtor's own words to return a wrecked truck to his driveway, forcing the claimant to finally cooperate.
July 2, 2024
Auto
Fraud
Insurance Industry
Litigation

Rhode Island Domestic Workers Now Entitled to State Minimum Wage
Democratic Gov. Daniel McKee signed a bill ensuring Rhode Island domestic workers receive the state minimum wage. Previously excluded, these workers will now earn at least $14 per hour, with an increase to $15 on January 1st.
July 2, 2024
Legislation & Regulation
Life & Health
Workers' Compensation
Hawaii
Massachusetts
New York
Rhode Island

Big Florida Insurers Close Nearly Half of Homeowner Claims Without Payment
Weiss Ratings, an independent insurance rating agency, reports that three major Florida homeowners insurance providers closed nearly half of their claims last year without any payment.
July 2, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida

Survey Reveals 40% Would Consider Inflating Home Insurance Claims
A survey in Ireland and the UK by Aviva finds four in ten respondents might exaggerate home insurance claims for extra compensation, with a majority supporting stricter penalties for fraud.
July 1, 2024
Fraud
Insurance Industry
Property
Risk Management



