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Clinic Owner and Associates Charged in Insurance Fraud Scheme

Clinic Owner and Associates Charged in Insurance Fraud Scheme

Authorities in Miami-Dade County charge six individuals with orchestrating a staged crash insurance fraud scheme following an undercover operation in the Miami area.
May 31, 2024 Fraud Insurance Industry Legislation & Regulation Litigation Florida

Insurance Adjusters Discuss Re-filing Claims for Unrepaired Damage

Insurance Adjusters Discuss Re-filing Claims for Unrepaired Damage

Insurance adjusters on Reddit are engaging in a detailed discussion about handling situations where policyholders file new claims for damage to their property that was previously claimed but not repaired.
May 30, 2024 Fraud Insurance Industry Property

Insurers Warned of Potential Space Storm Threats Exceeding Hurricane Katrina

Insurers Warned of Potential Space Storm Threats Exceeding Hurricane Katrina

A recent Bloomberg Intelligence report warns insurers of potential severe space storms, capable of disrupting communications and power grids, posing greater risks than catastrophic hurricanes.
May 30, 2024 Catastrophe Insurance Industry Risk Management Technology

CoreLogic’s 2024 Report Analyzes Hurricane Risk for U.S. Gulf and Atlantic States

CoreLogic’s 2024 Report Analyzes Hurricane Risk for U.S. Gulf and Atlantic States

CoreLogic’s 2024 Hurricane Risk Report details the potential impact of hurricanes on U.S. Gulf and Atlantic states, emphasizing the need for updated risk assessments to ensure effective preparation and mitigation.
May 30, 2024 Catastrophe Insurance Industry Property Risk Management Florida Maine New Jersey New York Pennsylvania

Potent Nicotine Alternative in Vapes Raises Regulatory Concerns

Potent Nicotine Alternative in Vapes Raises Regulatory Concerns

The emergence of 6-methyl nicotine in vapes, more potent than traditional nicotine, poses regulatory challenges as the FDA and researchers seek to understand its health impacts.
May 30, 2024 Insurance Industry Legislation & Regulation Life & Health Technology Colorado

Predicting Healthcare Costs: A Data-Driven Approach

Predicting Healthcare Costs: A Data-Driven Approach

Leveraging AI and data science to predict healthcare costs can bring transparency and affordability, ensuring accessible healthcare for all.
May 30, 2024 Insurance Industry Life & Health Risk Management Technology

Impact of Federal Marijuana Reclassification on Liability Insurance Coverage

Impact of Federal Marijuana Reclassification on Liability Insurance Coverage

The potential federal reclassification of marijuana may affect liability insurance coverage, necessitating careful review of policy exclusions and legal compliance for businesses in the marijuana industry.
May 30, 2024 Insurance Industry Legislation & Regulation Liability Risk Management

Jeff Canfield Discusses AI’s Role in Ascot’s Underwriting Strategy

Jeff Canfield Discusses AI’s Role in Ascot’s Underwriting Strategy

At RISKWORLD 2024, Jeff Canfield of Ascot explores the potential of AI in underwriting, Ascot’s data-driven deal selection, and their approach to underwriting specialty risks.
May 30, 2024 Excess & Surplus Lines Insurance Industry Technology Underwriting

General Contractor Wins $4.8 Million Verdict in Contract Dispute

General Contractor Wins $4.8 Million Verdict in Contract Dispute

In a significant legal victory, CTA Construction Co. has been awarded $4.8 million in a contract dispute involving the renovation of the new Dedham Town Hall and Senior Center.
May 29, 2024 Insurance Industry Litigation Massachusetts

Montana Plumber Sentenced for Insurance Fraud to Begin House Arrest

Montana Plumber Sentenced for Insurance Fraud to Begin House Arrest

A Montana plumber was sentenced to five years in prison, suspended for five years of probation, and a 30-day term of house arrest for presenting a falsified insurance certificate.
May 29, 2024 Fraud Insurance Industry Legislation & Regulation Litigation Montana

OSHA Updates Hazard Communication Standard for Better Alignment with Global System

OSHA Updates Hazard Communication Standard for Better Alignment with Global System

The Occupational Safety and Health Administration announced a comprehensive revision of its Hazard Communication Standard, aiming to better align it with the United Nations’ Globally Harmonized System of Classification.
May 29, 2024 Education & Training Insurance Industry Legislation & Regulation Risk Management Michigan Missouri New York

Hacker Group Claims Responsibility for Cyberattack on Christie’s

Hacker Group Claims Responsibility for Cyberattack on Christie’s

A hacker group, RansomHub, has claimed responsibility for the recent cyberattack on Christie’s auction house. The attack disrupted the auction house’s website during a major event, forcing Christie’s to suspend online bidding.
May 29, 2024 Insurance Industry Litigation Risk Management Technology

How to Avoid Ransomware Attacks in the Insurance Industry

How to Avoid Ransomware Attacks in the Insurance Industry

Ransomware breaches can devastate insurance providers financially and reputationally. With attacks becoming more sophisticated, it’s crucial for providers to prevent data breaches proactively.
May 29, 2024 Fraud Insurance Industry Risk Management Technology

Enhanced Crop Insurance for Michigan Blueberry Farmers Starting 2025

Enhanced Crop Insurance for Michigan Blueberry Farmers Starting 2025

Starting in 2025, Michigan blueberry farmers will benefit from enhanced crop insurance coverage, tailored to protect against specific natural events impacting different blocks and varieties of their crops.
May 28, 2024 Insurance Industry Legislation & Regulation Risk Management Michigan

Missouri Court Rules Second Injury Fund Not Responsible for Worker’s Mental Injury

Missouri Court Rules Second Injury Fund Not Responsible for Worker’s Mental Injury

The Missouri Court of Appeals confirmed that the state-run Second Injury Fund is not responsible for a worker’s permanent total disability benefits related to a psychological injury following a physical injury.
May 28, 2024 Insurance Industry Liability Litigation Workers' Compensation Missouri
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