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Nationwide $2.75 Billion Health Care Fraud Scheme Leads to 193 Charges

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

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

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

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

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

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

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

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

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

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

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

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

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 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

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
Aspen Claims ServiceOmega Forensic Engineering, IncU.S. ForensicWeller Salvage