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New York Penalizes GEICO and Travelers Over Auto Insurance Cybersecurity Breaches

New York Penalizes GEICO and Travelers Over Auto Insurance Cybersecurity Breaches

New York imposes $11.3M in fines on GEICO and Travelers after data breaches exposed personal information of over 120,000 customers, citing insufficient cybersecurity controls.
November 26, 2024 Auto Legislation & Regulation Liability Technology New York

Florida’s Insurance Market Faces Collapse Amid Controversial Ratings Agency Claims

Florida’s Insurance Market Faces Collapse Amid Controversial Ratings Agency Claims

Florida regulators subpoena Weiss Ratings over claims the state’s insurance market is collapsing. The agency’s founder defends his warnings, citing widespread issues with unpaid claims.
November 22, 2024 Insurance Industry Legislation & Regulation Litigation Property Florida

Pennsylvania Jury Orders Sig Sauer to Pay $11M in Pistol Defect Lawsuit

Pennsylvania Jury Orders Sig Sauer to Pay $11M in Pistol Defect Lawsuit

A Pennsylvania jury awarded $11 million to a veteran injured by a Sig Sauer P320 pistol that allegedly fired without the trigger being pulled, citing design flaws and negligence.
November 22, 2024 Legislation & Regulation Liability Litigation Risk Management Georgia New Hampshire Pennsylvania

AI-Based Tenant Screening Settlement Highlights Alleged Algorithmic Bias

AI-Based Tenant Screening Settlement Highlights Alleged Algorithmic Bias

A class action lawsuit against SafeRent Solutions over alleged discriminatory algorithms concludes with a $2.2 million settlement and restrictions on AI screening practices.
November 22, 2024 Legislation & Regulation Litigation Risk Management Technology Massachusetts

Sea Level Rise by 2100 Could Displace Millions and Damage $1 Trillion in Property

Sea Level Rise by 2100 Could Displace Millions and Damage $1 Trillion in Property

A one-meter rise in sea levels by 2100 may expose over 14 million people and $1 trillion worth of property to flooding, erosion, and subsidence along the Southeast Atlantic coast.
November 22, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Virginia

New York Broker Pleads Guilty in $38 Million Nursing Home Tax Fraud Scandal

New York Broker Pleads Guilty in $38 Million Nursing Home Tax Fraud Scandal

Joseph Schwartz, a New York insurance broker, pleaded guilty to charges of employment tax fraud and failing to file financial reports for nursing home facilities across 11 states.
November 20, 2024 Fraud Insurance Industry Legislation & Regulation Liability New Jersey New York

Mississippi Restaurant Fined $1.5M for Seafood Mislabeling Scheme

Mississippi Restaurant Fined $1.5M for Seafood Mislabeling Scheme

A Gulf Coast restaurant and co-owner face penalties after years of selling mislabeled imported seafood as premium local fish, defrauding customers and the seafood industry.
November 20, 2024 Fraud Legislation & Regulation Liability Risk Management Mississippi

Michigan Workers’ Comp Reforms Could Reshape Benefits and Disability Rules

Michigan Workers’ Comp Reforms Could Reshape Benefits and Disability Rules

Proposed Michigan legislation seeks to redefine workers’ compensation laws by increasing benefit caps, revising the definition of disability, and eliminating distinctions between total and partial disabilities.
November 18, 2024 Insurance Industry Legislation & Regulation Risk Management Workers' Compensation Michigan

Can Crime Victims Access a Convict’s Workers’ Compensation Settlement Under the Son of Sam Law?

Can Crime Victims Access a Convict’s Workers’ Compensation Settlement Under the Son of Sam Law?

A New York court ruled that workers’ compensation settlement funds are not exempt under the Son of Sam Law, allowing crime victims to seek recovery even if the funds were obtained before conviction.
November 18, 2024 Legislation & Regulation Liability Litigation Workers' Compensation New York

Jacksonville Insurance Employees Arrested for $1.14M Fraud Scheme

Jacksonville Insurance Employees Arrested for $1.14M Fraud Scheme

Two Jacksonville healthcare employees allegedly submitted over 40 false claims, defrauding their employer of $1.14 million from 2019 to 2023. Both face serious charges.
November 18, 2024 Fraud Insurance Industry Legislation & Regulation Risk Management Florida

Navigating Flood Insurance Challenges After Hurricanes Helene and Milton

Navigating Flood Insurance Challenges After Hurricanes Helene and Milton

Hurricanes Helene and Milton highlight significant issues in the U.S. flood insurance market, showcasing the gaps in coverage, private market growth, and lessons from Florida’s response.
November 18, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

OSHA Reports Fewer Worker Fatalities Investigated in 2024

OSHA Reports Fewer Worker Fatalities Investigated in 2024

Worker fatalities investigated by OSHA decreased by 11% in FY 2024, marking the lowest count since 2017. Efforts targeting falls and trench collapses significantly contributed to the decline.
November 18, 2024 Insurance Industry Legislation & Regulation Risk Management Workers' Compensation

Flood Insurance Gaps Highlighted by Hurricane Helene’s Impact

Flood Insurance Gaps Highlighted by Hurricane Helene’s Impact

The devastation caused by Hurricane Helene sheds light on the widespread lack of flood insurance, revealing critical challenges in accessibility, affordability, and risk awareness.
November 18, 2024 Legislation & Regulation Property Risk Management Florida Louisiana Texas

Worker Deaths Decline as OSHA Focuses on Safety Enforcement and Education

Worker Deaths Decline as OSHA Focuses on Safety Enforcement and Education

A new OSHA report shows an 11% drop in worker fatalities, with significant declines in deaths from trench collapses and falls, attributed to targeted safety efforts, enforcement, and outreach initiatives.
November 14, 2024 Education & Training Legislation & Regulation Risk Management Workers' Compensation

North Carolina Insurance Agent Faces Charges for Forgery and Embezzlement

North Carolina Insurance Agent Faces Charges for Forgery and Embezzlement

A North Carolina insurance agent faces embezzlement charges after allegedly taking premiums without securing policies, following a history of regulatory penalties and surrendered licenses.
November 14, 2024 Fraud Insurance Industry Legislation & Regulation Liability North Carolina
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