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Disney Cites Disney+ Fine Print in Bid to Dismiss Wrongful Death Lawsuit

Disney Cites Disney+ Fine Print in Bid to Dismiss Wrongful Death Lawsuit

Disney is attempting to dismiss a wrongful death lawsuit related to a fatal allergic reaction at one of its restaurants, arguing that the plaintiff is bound by an arbitration clause from a Disney+ trial he signed up for years earlier.
August 15, 2024 Insurance Industry Liability Litigation Risk Management Florida New York

Majority of Hurricane Debby Damage Occurred Outside FEMA Flood Zones, Highlights Coverage Gaps

Majority of Hurricane Debby Damage Occurred Outside FEMA Flood Zones, Highlights Coverage Gaps

Hurricane Debby caused $12.3 billion in damage, with 78% of affected properties located outside FEMA-designated flood zones. The event underscores the need for updated flood risk assessments and broader insurance coverage.
August 14, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia Maryland North Carolina Pennsylvania

SEC Targets NovaTech and Leaders in $650 Million Global Crypto Scheme

SEC Targets NovaTech and Leaders in $650 Million Global Crypto Scheme

The SEC has charged NovaTech Ltd. and its principals with defrauding over 200,000 investors in a $650 million crypto scheme, targeting the Haitian-American community and relying on a multi-level marketing structure to solicit funds.
August 14, 2024 Fraud Legislation & Regulation Litigation Technology California Florida New York

Misconceptions Around Genetic Risk Testing and Why Life Insurers Should Embrace It

Misconceptions Around Genetic Risk Testing and Why Life Insurers Should Embrace It

Despite its potential to revolutionize life insurance, genetic risk testing faces misconceptions that hinder adoption among both policyholders and insurers. Understanding these myths and recognizing the benefits is key to advancing personalized healthcare.
August 13, 2024 Insurance Industry Legislation & Regulation Life & Health Risk Management Florida

Georgia’s Auto Insurance Costs Surge, Now Among the Least Affordable in the U.S.

Georgia’s Auto Insurance Costs Surge, Now Among the Least Affordable in the U.S.

Georgia has become one of the least affordable states for auto insurance, with rising costs driven by factors such as legal system abuse, uninsured motorists, and increased litigation, according to a recent IRC study.
August 12, 2024 Auto Legislation & Regulation Litigation Risk Management Florida Georgia Louisiana Mississippi New York

Multimillion-Dollar Insurance Fraud Ringleader Admits Guilt in Spokane

Multimillion-Dollar Insurance Fraud Ringleader Admits Guilt in Spokane

William Oldham Mize, the mastermind behind a multimillion-dollar insurance fraud scheme involving staged accidents, pled guilty in Spokane Federal Court. The scheme spanned multiple states and involved numerous conspirators, resulting in over $6 million in fraudulent insurance claims.
August 8, 2024 Auto Fraud Insurance Industry Litigation California Florida Idaho Nevada Washington

Florida Extends Contract Rescission Period for Public Adjusters After Hurricane Debby

Florida Extends Contract Rescission Period for Public Adjusters After Hurricane Debby

Following Hurricane Debby, Florida’s CFO issued an emergency order extending the period for property owners to cancel contracts with public adjusters from 10 to 30 days and implementing new regulations for adjuster conduct.
August 8, 2024 Catastrophe Fraud Legislation & Regulation Property Florida

People Flock to Texas and Florida Despite Fire and Flood Risks

People Flock to Texas and Florida Despite Fire and Flood Risks

People are moving to fire- and flood-prone areas in the US, driven by migration to Texas and Florida. These states attract newcomers with low taxes and affordable housing, despite growing climate risks.
August 7, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Texas

Hurricane Debby Hits Florida’s Big Bend, Promises Severe Southeast Flooding

Hurricane Debby Hits Florida’s Big Bend, Promises Severe Southeast Flooding

Hurricane Debby has made landfall in Florida’s Big Bend with maximum sustained winds of 80 mph, leading to potential historic flooding from northern Florida to the Carolinas, along with gusty winds, storm surge, and tornadoes.
August 5, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia North Carolina South Carolina Virginia

Florida Cat Fund May See Increased Bond Issuance Amid Active 2024 Hurricane Season

Florida Cat Fund May See Increased Bond Issuance Amid Active 2024 Hurricane Season

Florida’s 2024 hurricane season, expected to be highly active, may lead to additional bond issuance for the Florida Hurricane Catastrophe Fund (FHCF) while Citizens Property Insurance Corporation is less likely to require new debt.
August 1, 2024 Catastrophe Insurance Industry Litigation Property Florida

Gulf Coast Residents Urged to Monitor Developing Tropical Wave

Gulf Coast Residents Urged to Monitor Developing Tropical Wave

Meteorologists caution Gulf Coast residents about a potential tropical cyclone forming in the Atlantic as the 2024 hurricane season intensifies.
July 30, 2024 Catastrophe Insurance Industry Property Risk Management Florida

Former Adjuster Admits to $268K Auto Insurance Fraud Scheme

Former Adjuster Admits to $268K Auto Insurance Fraud Scheme

A former claims adjuster from Aurora has confessed to stealing over $268,000 from her employer by filing fraudulent auto insurance claims, resulting in felony theft charges for her and two accomplices.
July 29, 2024 Auto Fraud Insurance Industry Litigation Colorado Florida

Homeowners Face 21% Insurance Premium Increase, Climate Change Cited as Major Factor

Homeowners Face 21% Insurance Premium Increase, Climate Change Cited as Major Factor

Homeowners insurance premiums surged by 21% from May 2022 to May 2023, largely due to severe weather events driven by climate change, leaving many homeowners with limited options.
July 29, 2024 Catastrophe Insurance Industry Legislation & Regulation Property California Colorado Florida Idaho Louisiana

Florida Woman’s Concrete Blockade Floods Entire Neighborhood, Ignites Fierce Community Backlash

Florida Woman’s Concrete Blockade Floods Entire Neighborhood, Ignites Fierce Community Backlash

A Florida neighborhood is experiencing severe flooding after a resident poured concrete into a crucial drainpipe on her property, prompting county intervention and ongoing disputes with the HOA.
July 26, 2024 Legislation & Regulation Litigation Property Risk Management Florida

HeatRisk Tool Faces Real-World Challenges Amidst Rising US Temperatures

HeatRisk Tool Faces Real-World Challenges Amidst Rising US Temperatures

The HeatRisk forecasting tool, launched by the CDC and NOAA, is undergoing real-world testing as extreme temperatures stress many parts of the US, providing localized heat warnings to protect vulnerable populations.
July 25, 2024 Legislation & Regulation Life & Health Risk Management Technology Arizona California Florida Washington
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