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Rising Demand and High-Risk Trends Reshape the Construction Industry

Rising Demand and High-Risk Trends Reshape the Construction Industry

John Posa highlights the growth in construction projects and the increasing challenges from defect claims and litigation risks.
April 17, 2024 Insurance Industry Litigation Property Risk Management Texas

Former Chiropractor Receives Over Half Century Sentence for Massive Workers’ Compensation Fraud

Former Chiropractor Receives Over Half Century Sentence for Massive Workers’ Compensation Fraud

Former chiropractor sentenced to 54 years for orchestrating a $150 million workers’ compensation fraud scheme in Riverside, California.
April 16, 2024 Fraud Insurance Industry Litigation Workers' Compensation California

Insurance Providers Drive Sustainability with Green Home Discounts and Coverage

Insurance Providers Drive Sustainability with Green Home Discounts and Coverage

Promoting sustainable living through insurance discounts and coverage for eco-friendly homes and technologies.
April 16, 2024 Insurance Industry Property Risk Management Technology

DOJ Set to Launch Antitrust Lawsuit Against Ticketmaster Over Monopoly Concerns

DOJ Set to Launch Antitrust Lawsuit Against Ticketmaster Over Monopoly Concerns

The Department of Justice prepares to file an antitrust lawsuit against Live Nation, amid allegations of monopolistic practices in ticket sales.
April 16, 2024 Insurance Industry Legislation & Regulation Litigation Technology Minnesota

Former MLB Player Charged in Staged Car Crash Insurance Fraud Case in Florida

Former MLB Player Charged in Staged Car Crash Insurance Fraud Case in Florida

Yuniesky Betancourt, former MLB shortstop, is charged with insurance fraud after allegedly staging a car crash to claim false injuries, facing up to 10 years in prison if convicted.
April 16, 2024 Auto Fraud Insurance Industry Legislation & Regulation Florida

Insurance Industry Debates the Reliability and Future of Catastrophe Modeling

Insurance Industry Debates the Reliability and Future of Catastrophe Modeling

As natural disasters continue to increase insurance losses, industry leaders question the current reliance on catastrophe models for risk assessment.
April 15, 2024 Catastrophe Insurance Industry Risk Management Technology

Supreme Court Extends Arbitration Exemption to All Transportation Workers Regardless of Industry

Supreme Court Extends Arbitration Exemption to All Transportation Workers Regardless of Industry

In a significant ruling, the Supreme Court decided that truck drivers do not need to be in the transportation industry to be exempt from arbitration under the Federal Arbitration Act.
April 15, 2024 Insurance Industry Legislation & Regulation Litigation

Homeowners Insurance Costs Skyrocket Unnoticed by Official Inflation Figures

Homeowners Insurance Costs Skyrocket Unnoticed by Official Inflation Figures

Homeowners insurance rates have surged by 50% since 2019, exacerbating the financial burden on homeowners, yet this rise is missing from CPI calculations.
April 15, 2024 Catastrophe Insurance Industry Property Risk Management

Concerns Rise Over Sufficient D&O Insurance Rates Amid Falling Premiums

Concerns Rise Over Sufficient D&O Insurance Rates Amid Falling Premiums

With D&O insurance premiums on a downturn and economic pressures intensifying, the industry faces challenges in maintaining adequate coverage levels.
April 15, 2024 Insurance Industry Liability Risk Management Underwriting

Insurance Professionals Debate Coverage for Manic-Induced Vandalism

Insurance Professionals Debate Coverage for Manic-Induced Vandalism

A recent discussion in the insurance subreddit community delved into the complexities of insurance claims involving intentional acts due to manic episodes, highlighting varying interpretations and practices across the industry.
April 12, 2024 Insurance Industry Liability California

Veteran Insurance Adjusters Express Concern Over Industry Practices and Integrity Issues

Veteran Insurance Adjusters Express Concern Over Industry Practices and Integrity Issues

Seasoned insurance adjusters and industry professionals raise alarms about declining integrity and growing dissatisfaction within the insurance sector.
April 12, 2024 Fraud Insurance Industry Property Technology Georgia

Florida Peninsula Insurance Announces Rate Decrease Amid Legislative Reforms

Florida Peninsula Insurance Announces Rate Decrease Amid Legislative Reforms

In the wake of legislative changes, Florida Peninsula Insurance has announced a 2% reduction in premiums for homeowners and condo policies starting in July.
April 11, 2024 Insurance Industry Legislation & Regulation Litigation Property Florida

Insurance Fraud Scheme Uncovered in Florida Involving Homeowner and Public Adjuster

Insurance Fraud Scheme Uncovered in Florida Involving Homeowner and Public Adjuster

In Florida, a fraudulent insurance claim scheme involving a falsified homeowner signature has led to the arrest of two individuals.
April 11, 2024 Fraud Insurance Industry Legislation & Regulation Litigation Florida

States Begin to Implement NAIC’s AI Guidelines for Insurers, Marking a New Regulatory Era

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

Supreme Court Sets New Standard for Public Officials’ Social Media Use and First Amendment Rights

Supreme Court Sets New Standard for Public Officials’ Social Media Use and First Amendment Rights

The Supreme Court’s Lindke v. Freed decision provides crucial guidance on distinguishing between personal and official social media use by public officials.
April 11, 2024 Insurance Industry Legislation & Regulation Litigation Technology Michigan
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