Florida Insurance Claims News (Page 17)

Atlantic Hurricane Activity Expected to Surge in September as Conditions Favor Storm Formation

Meteorologists predict an active September in the Atlantic, with up to 10 named storms potentially forming as reduced wind shear and dry air create favorable conditions for hurricane development.

August 28, 2024 Catastrophe Insurance Industry Property Risk Management Florida New York North Carolina Pennsylvania South Carolina

Hurricane Rainfall Predicted to Intensify in Frequency and Impact

A DeepSky Research report predicts a 300% rise in extreme hurricane rainfall frequency and a 33% increase in severity, highlighting the urgent need for preparedness as hurricane impacts are expected to worsen rapidly.

August 26, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Louisiana Mississippi North Carolina South Carolina

Pets Overcoming Unusual Mishaps Compete for Nationwide’s 2024 Hambone Award

Nationwide’s 16th annual Hambone Award highlights bizarre pet incidents like a puzzle-eating pup and a toenail-tangled parrot, with voting open through August 22, 2024, to determine the most unusual pet insurance claim.

August 21, 2024 Education & Training Insurance Industry Risk Management Weird Florida Massachusetts New Jersey North Carolina Oregon

Clearwater Cybersecurity Firm Duped by North Korean Hacker in Remote Work Scheme

A Clearwater cybersecurity firm unknowingly hired a North Korean hacker who used a stolen American identity and collaborated with a U.S.-based laptop farm to infiltrate the company, highlighting the risks associated with remote hiring practices.

August 19, 2024 Fraud Litigation Risk Management Technology Florida Tennessee

Managing Challenges in Late-Reported Property Claims

Late-reported property claims pose unique challenges for insurers and adjusters, particularly when determining the cause and policy period of a loss. Thorough investigations and documentation are crucial to mitigate risks of litigation and bad faith claims.

August 15, 2024 Insurance Industry Litigation Property California Florida Louisiana New York Texas

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

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

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

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 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

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