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Boy Faces Open Heart Surgery After Drone Strikes During Orlando Holiday Event

Boy Faces Open Heart Surgery After Drone Strikes During Orlando Holiday Event

A 7-year-old boy is recovering from open-heart surgery after being struck by a drone during a holiday show at Lake Eola in Orlando, prompting an FAA investigation into the incident.
December 23, 2024 Legislation & Regulation Liability Risk Management Technology Florida

US Watchdog Targets Major Banks Over Alleged Fraud on Zelle Payment App

US Watchdog Targets Major Banks Over Alleged Fraud on Zelle Payment App

The Consumer Financial Protection Bureau has sued JPMorgan Chase, Bank of America, and Wells Fargo, alleging insufficient protections against fraud on the Zelle payment platform, impacting consumers nationwide.
December 20, 2024 Fraud Legislation & Regulation Litigation Technology

Chicago Restaurant Group to Pay $125K in Back Wages for Overtime Violations

Chicago Restaurant Group to Pay $125K in Back Wages for Overtime Violations

A family-operated restaurant group in Chicago must pay $125,000 in overtime back wages and damages to 53 employees following a Department of Labor investigation and court order.
December 20, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation Illinois

South Florida Buildings Face Risks from Coastal Subsidence Hotspots

South Florida Buildings Face Risks from Coastal Subsidence Hotspots

Recent satellite studies reveal ground sinking up to 8 cm in parts of Miami Beach, Sunny Isles Beach, and Surfside, potentially impacting structural stability of buildings.
December 19, 2024 Legislation & Regulation Property Risk Management Technology Florida

Amazon Braces for Strike Threats During Peak Holiday Season

Amazon Braces for Strike Threats During Peak Holiday Season

Teamsters union members in multiple cities threaten a pre-Christmas strike, pressuring Amazon to negotiate amid labor disputes over unionization and workplace rights.
December 19, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation Alabama California Georgia Illinois New York

CVS Faces Federal Lawsuit Over Alleged Opioid Dispensing Missteps

CVS Faces Federal Lawsuit Over Alleged Opioid Dispensing Missteps

The DOJ alleges CVS pharmacies knowingly dispensed opioids unsafely, ignoring red flags and understaffing stores, as part of a whistleblower suit under the False Claims Act.
December 19, 2024 Fraud Legislation & Regulation Litigation Risk Management Rhode Island Tennessee Texas

Insurance Industry Prioritizes Human-Centered AI for Ethical Innovation

Insurance Industry Prioritizes Human-Centered AI for Ethical Innovation

At Triple-I’s 2024 Joint Industry Forum, experts highlighted AI’s transformative potential while stressing ethical implementation, collaboration, and regulatory preparedness.
December 19, 2024 Insurance Industry Legislation & Regulation Risk Management Technology

North Dakota Grants Key Approval for Midwest CO2 Pipeline Storage

North Dakota Grants Key Approval for Midwest CO2 Pipeline Storage

North Dakota regulators approved permits for underground carbon dioxide storage, a critical step for Summit Carbon Solutions’ Midwest pipeline project, despite ongoing opposition.
December 19, 2024 Legislation & Regulation Property Risk Management Technology Iowa Minnesota Nebraska North Dakota South Dakota

Senate Report Blames Climate Change for Insurance Challenges as Industry Pushes Back

Senate Report Blames Climate Change for Insurance Challenges as Industry Pushes Back

The Senate Budget Committee attributes rising non-renewal rates to climate change, but insurance experts highlight other drivers like inflation, litigation, and overbuilding.
December 19, 2024 Catastrophe Legislation & Regulation Property Risk Management California Florida Hawaii Louisiana Massachusetts

OSHA Proposes $328,545 Fine for New Jersey Contractor Over Fall Hazard Violations

OSHA Proposes $328,545 Fine for New Jersey Contractor Over Fall Hazard Violations

Federal workplace safety officials allege that a New Jersey contractor repeatedly violated safety standards at three sites, citing willful and serious fall-related hazards.
December 18, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation New Jersey New York Pennsylvania

Advocacy Groups Push for FIO to Release Critical Home Insurance Data

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

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

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 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

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
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