
Nationwide $2.75 Billion Health Care Fraud Scheme Leads to 193 Charges
Nearly 200 individuals, including 13 from New Jersey, have been charged in a $2.75 billion health care fraud scheme that targeted Medicare, Medicaid, TRICARE, and private insurers.
July 1, 2024
Fraud
Legislation & Regulation
Life & Health
Litigation
New Jersey

Detroit Limits Police Use of Facial Recognition After Wrongful Arrest
Following a wrongful arrest, Detroit Police Department faces new restrictions on the use of facial recognition technology, prohibiting arrests based solely on its results.
July 1, 2024
Legislation & Regulation
Liability
Litigation
Technology
Michigan

Norfolk Southern Sued by Insurers Over Ohio Train Derailment
Erie Insurance and other insurers have filed a lawsuit against Norfolk Southern, alleging negligence and state law violations following the 2023 Ohio train derailment and chemical spill.
July 1, 2024
Insurance Industry
Liability
Litigation
Risk Management
Ohio

Florida Home Insurance Premiums Rise Slower Than Expected Thanks to Legal Reforms
Home insurance premiums in Florida increased 80% less than expected in 2023 due to legislative reforms addressing legal system abuses, along with lower inflation in replacement costs, according to Triple-I.
July 1, 2024
Insurance Industry
Legislation & Regulation
Litigation
Property
Florida

Homeowners’ Maintenance Gaps Revealed: Key Safety Tasks Often Overlooked
A nationwide survey by The Hanover and The Harris Poll shows many homeowners neglect crucial maintenance tasks, risking costly damages and insurance claims.
July 1, 2024
Education & Training
Insurance Industry
Property
Risk Management

Escalating Home Insurance Costs Linked to Disaster Risk: Insights from Mortgage Escrow Data
An analysis of 47 million homeowners' insurance expenditures reveals a sharp increase in premiums from 2020 to 2023, with disaster-prone areas experiencing the most significant hikes due to rising reinsurance costs.
July 1, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
Florida
Louisiana
Texas

Reinsurance Market Sees Improvements at July 2024 Renewal
Strong capital positions and record returns create favorable conditions for reinsurance buyers.
July 1, 2024
Insurance Industry
Property
Risk Management

Cyber Insurance Market Stabilizes Amid Persistent Threat Landscape
Despite ongoing cyber threats, the cyber insurance market offers favorable terms for buyers, driven by strong risk controls and pricing reductions.
July 1, 2024
Insurance Industry
Risk Management
Technology

Cybersecurity Gaps Leave General Contractor Liable in Phishing Scam
A phishing attack against a subcontractor highlights the importance of cybersecurity in the construction industry.
July 1, 2024
Liability
Litigation
Risk Management
Technology
Connecticut
Maryland

Boost Business Insights with Gamified Data Management
A strategic approach to data management enhances business insights and growth.
July 1, 2024
Education & Training
Insurance Industry
Risk Management
Technology

Former Green Bay Packer Randall Cobb, and Family Survive House Fire in Nashville
NFL wide receiver Randall Cobb and his family narrowly escaped a fire at their Nashville home, which began in the garage and caused significant damage, but fortunately left everyone unharmed.
June 27, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Tennessee
Texas

Air-Bag Recalls Affect Over 400,000 SUVs by Volkswagen and Toyota
Volkswagen and Toyota have issued recalls affecting over 400,000 SUVs due to air-bag issues, advising owners to limit certain vehicle uses until repairs are made.
June 27, 2024
Auto
Legislation & Regulation
Technology

Lightning-Related Insurance Claims Soar in 2023
The Insurance Information Institute (Triple-I) reported a 30% increase in total claims value from 2022, highlighting the financial impact of severe convective storms.
June 19, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
California
Florida
Georgia
Louisiana

Zyn Halts Online Sales Amidst Regulatory Scrutiny
Zyn, the popular nicotine pouch brand, has stopped online sales after receiving a subpoena from the District of Columbia's attorney general regarding sales of flavored products.
June 19, 2024
Legislation & Regulation
Liability
Life & Health
Technology
California
District Of Columbia
Massachusetts
New York

Proactive Strategies for Property Loss Control
A session at RISKWORLD 2024 highlighted how a proactive, data-driven approach to risk management can create an effective property loss control strategy.
June 19, 2024
Insurance Industry
Property
Risk Management
Technology



