Advocacy Groups Push for FIO to Release Critical Home Insurance Data
Consumer and environmental groups urge the Federal Insurance Office to release nationwide homeowners insurance data collected by NAIC to address the evolving insurance crisis linked to climate risks.
December 18, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
NC Supreme Court Rules COVID Shutdowns Caused Physical Loss for Restaurants
The North Carolina Supreme Court diverged from most courts, finding that COVID-19 shutdowns constituted direct physical loss for restaurants under certain insurance policies.
December 18, 2024
Insurance Industry
Legislation & Regulation
Litigation
Property
New Hampshire
North Carolina
Iowa Roofing Company Barred from Acting as Unlicensed Public Adjuster
Darren Reeves Roofing is ordered to cease unlicensed public adjuster services, including negotiating insurance claims or offering advice on insurance contracts, following a consent order in Iowa.
December 16, 2024
Fraud
Insurance Industry
Legislation & Regulation
Litigation
Iowa
New York Explores Forcing Property Insurers to Cover Taxi Insurance Shortfalls
New York is considering a levy on property insurers to address a taxi insurer’s insolvency, sparking debate among state officials, drivers, and the insurance industry.
December 13, 2024
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
New York
Senator Pushes FCC Cybersecurity Rules After Major Telecom Hack
In the wake of the Salt Typhoon hack, Senator Ron Wyden introduces the Secure American Communications Act to strengthen telecom cybersecurity regulations and protect U.S. networks.
December 12, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
California Insurance Agent Faces Fraud Charges Over $900K Long-Term Care Scheme
A former insurance agent in Cupertino has been charged with fraud after allegedly claiming over $900,000 in long-term care benefits for herself and her father under false pretenses.
December 12, 2024
Fraud
Legislation & Regulation
Life & Health
Litigation
California
Florida Unveils Elevation Program to Mitigate Flood Risks for Homes
Florida introduces the Elevate Florida program, offering grants and SBA loans to elevate flood-prone homes, aiming to reduce claims, lower insurance rates, and improve disaster resilience.
December 11, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
Parents of Teen Killed in Orlando Ride Accident Awarded $310 Million
A jury has awarded $310 million to the parents of Tyre Sampson, the teen who fell from the Orlando FreeFall ride in 2022, highlighting the consequences of safety failures in amusement rides.
December 9, 2024
Legislation & Regulation
Liability
Litigation
Risk Management
Florida
Missouri
Modern Building Codes Hold the Key to Reducing Disaster Costs
Modernized building codes can significantly cut disaster recovery costs, but inconsistent adoption across states remains a major challenge as climate risks grow.
December 9, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Delaware
Florida
Louisiana
Virginia
Chinese Hackers Target Eight U.S. Telecom Firms in Espionage Campaign
A Chinese espionage group has infiltrated eight U.S. telecom companies, sparking federal investigations and raising cybersecurity concerns across critical infrastructure.
December 5, 2024
Legislation & Regulation
Risk Management
Technology
Florida
Artificial Intelligence in Insurance: Navigating Regulation and Ethical Oversight
As insurers increasingly adopt artificial intelligence, global regulators are stepping up oversight, emphasizing ethics, compliance, and transparency to mitigate risks and ensure responsible innovation.
December 4, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Federal Prosecutors Target Alleged $10 Million No-Fault Insurance Fraud Scheme
Federal prosecutors have indicted three individuals in connection with an alleged $10 million no-fault auto insurance fraud operation, with ties to a firm linked to former NYC official Frank Carone.
December 3, 2024
Auto
Fraud
Legislation & Regulation
Litigation
New York
Oklahoma Employer Ordered to Pay $72,000 for Misclassifying Retail Workers and Denying Overtime
An Oklahoma employer must pay $72,000 in back wages and damages after misusing an agricultural exemption to avoid paying overtime to 20 retail employees across multiple locations.
December 3, 2024
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
Missouri
Oklahoma
Texas
Ohio Manufacturer Faces OSHA Penalties After Worker Injured by Unprotected Machine
A Portsmouth-based hardwood floor manufacturer faces $255,528 in OSHA fines following a partial arm amputation injury and repeated safety violations at two facilities.
December 3, 2024
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
Ohio
CDC Declares E. Coli Outbreak Linked to McDonald’s Burgers Over
The CDC has concluded its investigation into an E. coli O157:H7 outbreak traced to McDonald’s Quarter Pounder burgers, which sickened 104 people in 14 states and led to one fatality.
December 3, 2024
Legislation & Regulation
Litigation
Risk Management
