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Wood Pellet Plants in Southern U.S. Towns Linked to Health Issues and Pollution

Wood Pellet Plants in Southern U.S. Towns Linked to Health Issues and Pollution

Residents in predominantly Black towns like Gloster, Mississippi, report worsening health and environmental conditions since the expansion of wood pellet plants for renewable energy.
August 1, 2024 Catastrophe Insurance Industry Legislation & Regulation Alabama Arkansas California Louisiana Mississippi

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

Insurance Executive Pleads Guilty to $1.5 Million Fraud Scheme

Insurance Executive Pleads Guilty to $1.5 Million Fraud Scheme

James Keating pleads guilty to defrauding Allied World Insurance Company of nearly $1.5 million. Keating, a former Assistant Vice President and surety bond claims handler, carried out the fraud while working for Allied World and later U.S. Fire Insurance Company.
July 31, 2024 Fraud Insurance Industry Liability Litigation Connecticut Pennsylvania

Dollywood Visitors Navigate Floodwaters During Torrential Downpour

Dollywood Visitors Navigate Floodwaters During Torrential Downpour

Visitors wade through knee-deep water as Dollywood floods due to a torrential downpour.
July 31, 2024 Catastrophe Insurance Industry Liability Risk Management Tennessee

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

Man Faces Charges in Houston Roofing Fraud Case

Man Faces Charges in Houston Roofing Fraud Case

A Galveston County, Texas man is charged with felony criminal mischief for allegedly damaging a roof to file a fraudulent storm damage insurance claim, authorities report.
July 30, 2024 Fraud Insurance Industry Litigation Property Texas

Alabama Woman Charged with Defrauding College and Local Businesses of Thousands

Alabama Woman Charged with Defrauding College and Local Businesses of Thousands

An Alabama woman faces charges for allegedly defrauding insurance companies, a local community college, and businesses of approximately $77,000, according to a Houston County Grand Jury indictment.
July 30, 2024 Fraud Insurance Industry Legislation & Regulation Litigation Alabama

California’s Park Fire Among Largest in State History, Consuming Nearly Half the Size of Rhode Island

California’s Park Fire Among Largest in State History, Consuming Nearly Half the Size of Rhode Island

The Park Fire in Northern California has grown to over 383,000 acres, making it the fifth-largest wildfire in state history, affecting four counties and threatening thousands of structures.
July 30, 2024 Catastrophe Insurance Industry Litigation Property California

Simplifying Insurance with IoT: A Streamlined Future

Simplifying Insurance with IoT: A Streamlined Future

IoT technology is poised to simplify insurance by enhancing data integration, improving risk analysis, and overcoming workforce challenges, ultimately protecting people and businesses more effectively.
July 30, 2024 Auto Insurance Industry Risk Management Technology

Insurance Industry Faces Record-High Claims Costs Due to Legal System Abuse

Insurance Industry Faces Record-High Claims Costs Due to Legal System Abuse

Legal system abuse, including frivolous lawsuits and inflated claims, significantly raises insurance claims costs, impacting policyholders, insurers, and agents, as highlighted by Triple-I.
July 30, 2024 Insurance Industry Liability Litigation Risk Management

Take-Two Interactive Identifies Negative Review Campaigns as Major Risk

Take-Two Interactive Identifies Negative Review Campaigns as Major Risk

Take-Two Interactive’s SEC filing highlights various risks including negative review campaigns, which could result in loss of players, revenue, and increased marketing costs.
July 29, 2024 Insurance Industry Litigation Risk Management Technology

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

Atrium Health Sued for Alleged Breach of Medicare Program Contract

Atrium Health Sued for Alleged Breach of Medicare Program Contract

ApexHealth is suing Atrium Health, claiming a breach of contract related to a Medicare Advantage program, resulting in losses exceeding $62 million.
July 29, 2024 Insurance Industry Legislation & Regulation Life & Health Litigation North Carolina

Maryland Woman Faces Charges for Alleged $180K Insurance Fraud

Maryland Woman Faces Charges for Alleged $180K Insurance Fraud

A Maryland woman is accused of filing fraudulent insurance claims worth over $180,000, using false damage photos and documents in her submissions to USAA.
July 29, 2024 Fraud Insurance Industry Litigation Property Maryland

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
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