Former Augusta National Employee Faces Charges for Stealing Masters Merchandise
An ex-employee of Augusta National Golf Club is accused of stealing millions in Masters golf merchandise over a thirteen-year period.
April 18, 2024
Fraud
Legislation & Regulation
Property
Risk Management
Florida
Georgia
Illinois
Record Vehicle Thefts in 2023: A Nationwide Analysis
A record 1,020,729 vehicles were stolen across the U.S. in 2023, with California and the District of Columbia leading in numbers and rates, respectively.
April 18, 2024
Auto
Catastrophe
Insurance Industry
Colorado
Delaware
Florida
Georgia
Illinois
Former NBA Player Sentenced in Health Insurance Fraud Case
Will Bynum, ex-Detroit Pistons guard, receives an 18-month prison sentence for his role in a major NBA insurance fraud scandal.
April 17, 2024
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Illinois
New York
Congress Receives Groundbreaking Privacy Legislation Promising Stronger Consumer Rights
The new American Privacy Rights Act aims to enhance online data privacy and introduce stronger consumer protections against data misuse.
April 12, 2024
Legislation & Regulation
Technology
California
Illinois
States Begin to Implement NAIC’s AI Guidelines for Insurers, Marking a New Regulatory Era
With the adoption of NAIC’s AI framework by seven states, insurers face the challenge of implementing comprehensive AI governance and risk management programs.
April 11, 2024
Insurance Industry
Legislation & Regulation
Technology
Alaska
California
Colorado
Connecticut
Illinois
Cities with the Highest Insurance Fraud Incidence in 2023
An analysis reveals the U.S. cities most affected by insurance fraud, with Atlanta leading and diverse factors contributing to the issue across the nation.
April 10, 2024
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
Georgia
Illinois
Michigan
Missouri
Nevada
Damaging Storms Sweep Across the Heartland, Leaving Destruction and Power Outages
The latest storms bring a wave of destruction through the heartland, with the Ohio Valley suffering severe damage, power outages, and injuries.
April 5, 2024
Catastrophe
Property
Risk Management
Alabama
Georgia
Illinois
Indiana
Kentucky
Tackling the Rising Threat of Snow Melt Flooding
With snow melt floods posing a growing threat in the U.S., insurance experts highlight the importance of adequate coverage and mitigation strategies.
April 3, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Arkansas
California
Illinois
Iowa
Kentucky
Ohio Manufacturer Faces OSHA Penalties for Repeated Safety Violations
Despite previous citations, ArcelorMittal Tubular Products USA LLC fails to safeguard an employee from severe injuries, incurring over $250,000 in OSHA penalties.
April 3, 2024
Legislation & Regulation
Life & Health
Workers' Compensation
Illinois
Indiana
Ohio
Pennsylvania
West Virginia
Massive Storm System Unleashes Severe Weather Across the US, Causing Damage and Outages
A significant storm system brings widespread damage, power outages, and severe weather threats to millions across the central and eastern United States.
April 2, 2024
Catastrophe
Property
Illinois
Indiana
Kentucky
Michigan
Missouri
Homeowners Brace for Further Hikes Amid Climate and Market Pressures
As homeowners grapple with a 19.8% spike in insurance rates, projections show a relentless 6% increase into 2024, heavily influenced by climate change and severe weather patterns.
April 1, 2024
Catastrophe
Legislation & Regulation
Property
Connecticut
Florida
Illinois
Louisiana
Maine
Record-Breaking Hail Events Mark the Start of 2024’s Severe Storm Season
Over 660,000 properties were hit by significant hail during early March, surpassing 2023 records and signaling a potentially challenging year for insurers.
March 20, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Arkansas
Illinois
Kansas
Missouri
Oklahoma
Illinois Bills Risk Higher Auto Insurance Costs by Ignoring Risk-Based Pricing Principles
Recent Illinois legislation could inadvertently raise auto insurance premiums by limiting risk-based pricing, counteracting intentions to protect consumers.
March 4, 2024
Auto
Insurance Industry
Legislation & Regulation
Risk Management
Illinois
Illinois Supreme Court Clarifies Appeal Timeliness in Waukegan Hospitality Group Case
The Illinois Supreme Court rules on the critical importance of timely appeal submissions and the consequences of clerk rejections.
February 21, 2024
Legislation & Regulation
Liability
Litigation
Illinois
Allstate Reports Significant January Catastrophe Losses Amid Auto Rate Hikes
With January’s pretax catastrophe losses hitting $276 million, Allstate outlines its strategy on auto rate increases and its impact on premiums.
February 15, 2024
California
Illinois
New Jersey
New York
Texas
