Lawmakers Push for UI Fraud Prevention While Improving Equity and Access
In response to pandemic-era unemployment fraud, lawmakers propose solutions to improve fraud prevention and equity in UI systems, leveraging technology and data-sharing practices.
September 18, 2024
Fraud
Insurance Industry
Legislation & Regulation
Technology
Alabama
Kentucky
New Jersey
Vermont
Hurricane Francine Risks $1.5 Billion in Insured Losses as it Strikes Louisiana
Hurricane Francine made landfall in Louisiana as a Category 2 storm, with CoreLogic estimating insured losses at up to $1.5 billion, impacting residential and commercial properties across the Gulf Coast.
September 13, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
Kentucky
Louisiana
Mississippi
Missouri
Tennessee Man Receives Federal Prison Sentence for Crop Insurance Fraud
David Garrett Manion of Lafayette, Tennessee, has been sentenced to 3 years and 6 months in federal prison for defrauding the federal crop insurance program. The scheme, which took place from 2016 to 2022, also resulted in a restitution order of $3.5 million.
May 29, 2024
Fraud
Legislation & Regulation
Litigation
Risk Management
Kentucky
Tennessee
Fannie Mae Clarifies Insurance Guidelines, Shifting Away from Actual Cash Value Coverage
Fannie Mae’s updated guidelines enforce replacement cost coverage, challenging the trend towards actual cash value for homeowners and condo insurance.
May 8, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
Kentucky
Kentucky Court Rules on Rideshare Driver’s UIM Coverage in Landmark Case
In a significant ruling, the Kentucky Court of Appeals decided a Lyft driver could not collect underinsured motorist benefits from Lyft or her personal auto policy.
May 8, 2024
Auto
Insurance Industry
Litigation
Technology
Kentucky
Climate Change Boosts Extreme Weather, Increasing U.S. Flood Risks
Climate change intensifies extreme precipitation, escalating flood risks across the U.S. with significant increases in the Northeast and Midwest.
May 6, 2024
Catastrophe
Property
Risk Management
Alabama
Alaska
Georgia
Hawaii
Kentucky
Underinsured Motorist Rates Remain High Across the US
Nearly 16% of U.S. drivers in 2022 were underinsured, unable to fully cover damages or injuries caused in accidents, highlighting a significant insurance gap.
April 24, 2024
Auto
Liability
Colorado
District Of Columbia
Georgia
Kentucky
Louisiana
Adjusters Engage in Heated Debate Over Roof Matching and Replacement Claims
In a lively thread on a subreddit for adjusters, insurance professionals debated the complexities of handling roofing claims with discontinued materials, emphasizing the impact of state-specific regulations and the reality of ’matching’ in insurance repairs.
April 19, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Kentucky
North Carolina
Independent Adjusters Face Industry Shifts Amid Quality Concerns and Carrier Changes
The adjuster community on Reddit discusses the evolving landscape of independent adjusting, sharing personal experiences and perspectives on industry changes.
April 5, 2024
Education & Training
Insurance Industry
Legislation & Regulation
Technology
Florida
Georgia
Indiana
Kentucky
Louisiana
Insurers and Consumers Face Growing Legal Costs Amid Social Inflation
Innovative legal tactics and social inflation are driving up insurance premiums and contributing to a hidden ’tort tax’ for American households.
April 5, 2024
Auto
Insurance Industry
Legislation & Regulation
Property
California
Florida
Indiana
Kentucky
Louisiana
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
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
Navigating the Complex Terrain of Data Privacy in Auto Insurance Claims and Repairs
With rising concerns over data privacy, the unauthorized use of personal information in auto insurance claims and repairs presents significant risks and implications for millions.
February 22, 2024
Auto
Legislation & Regulation
Technology
California
Colorado
Connecticut
Delaware
Hawaii
Kentucky Farmer Pleads Guilty to Multi-Million Dollar Crop Insurance Fraud Scheme
Simpson County farmer David Manion faces imprisonment for defrauding the Federal Crop Insurance Corp. of $3.5 million, marking his second conviction.
February 8, 2024
Fraud
Insurance Industry
Litigation
Kentucky
Tennessee
