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California Insurance Agent Faces Fraud Charges Over $900K Long-Term Care Scheme

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 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

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

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

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

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 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

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

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

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

Legal System Abuse: The New Name Driving Insurance Industry Reform

Legal System Abuse: The New Name Driving Insurance Industry Reform

Insurance leaders at Triple-I’s 2024 Joint Industry Forum rebrand "social inflation" as "legal system abuse" to improve communication and drive legal reform for cost control.
December 3, 2024 Fraud Legislation & Regulation Litigation Risk Management Florida Georgia Kansas Louisiana Washington

Insurance Faces Data Challenges in Climate Risk Planning

Insurance Faces Data Challenges in Climate Risk Planning

Fragmented data sources and limited integration are stalling the insurance industry’s ability to address climate risks, experts emphasize at the Global Insurance Forum.
December 2, 2024 Catastrophe Legislation & Regulation Risk Management Technology Florida

The Changing Role of Source Code Escrows in Cloud-Driven Insurance IT

The Changing Role of Source Code Escrows in Cloud-Driven Insurance IT

As cloud computing reshapes IT operations, the traditional value of source code escrows is diminishing, prompting insurance CIOs to rethink business continuity and vendor risk strategies.
December 2, 2024 Insurance Industry Legislation & Regulation Risk Management Technology

Shoplifting Operation Stole $2M in Goods, Resold in New York and Abroad

Shoplifting Operation Stole $2M in Goods, Resold in New York and Abroad

A shoplifting ring that stole $2 million in high-end goods across several states was dismantled, with stolen items resold online and in the Dominican Republic. New laws are being enforced to tackle organized retail theft.
December 2, 2024 Fraud Legislation & Regulation Liability Risk Management New Jersey New York

New York High Court Enforces Uber’s Arbitration Clause Despite Preexisting Injury Lawsuit

New York High Court Enforces Uber’s Arbitration Clause Despite Preexisting Injury Lawsuit

New York’s highest court has upheld Uber’s arbitration requirement in a case involving a preexisting injury lawsuit, ruling the company’s clickwrap agreement is a valid contract.
November 26, 2024 Legislation & Regulation Liability Litigation Technology California Connecticut Illinois Massachusetts New York
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