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Renewable Energy Sector at a Turning Point, Says Munich Re’s Doug Akerson

Renewable Energy Sector at a Turning Point, Says Munich Re’s Doug Akerson

Doug Akerson of Munich Re discusses the challenges and innovations shaping the renewable energy sector, highlighting severe weather impacts and technological advancements.
June 4, 2024 Legislation & Regulation Property Risk Management Technology California

Detroit Man Sentenced to Over Five Years for Pandemic Unemployment Fraud

Detroit Man Sentenced to Over Five Years for Pandemic Unemployment Fraud

A Detroit Man was sentenced to 63 months in prison and ordered to pay $512,000 in restitution for committing unemployment fraud during the COVID-19 pandemic.
June 3, 2024 Fraud Insurance Industry Legislation & Regulation Litigation Michigan New Jersey

Clinic Owner and Associates Charged in Insurance Fraud Scheme

Clinic Owner and Associates Charged in Insurance Fraud Scheme

Authorities in Miami-Dade County charge six individuals with orchestrating a staged crash insurance fraud scheme following an undercover operation in the Miami area.
May 31, 2024 Fraud Insurance Industry Legislation & Regulation Litigation Florida

Trio Pleads Guilty to Wire Fraud in Home Improvement Store Scheme

Trio Pleads Guilty to Wire Fraud in Home Improvement Store Scheme

Donovan Young, Aaron Young, and James Hoffman face up to 20 years in federal prison for their involvement in a wire fraud conspiracy defrauding home improvement stores.
May 31, 2024 Fraud Legislation & Regulation Litigation Property South Carolina

Real Estate Fraud Scheme Leads to Prison Sentence for North Carolina Man

Real Estate Fraud Scheme Leads to Prison Sentence for North Carolina Man

Dennis S. Lepka, Jr. was sentenced to six and a half years in federal prison for orchestrating a fraudulent real estate scheme, targeting vulnerable communities and causing significant financial losses.
May 31, 2024 Fraud Legislation & Regulation Litigation Property North Carolina South Carolina

Sun Life Report Highlights Surge in High-Cost Claims and New Drug Trends for 2024

Sun Life Report Highlights Surge in High-Cost Claims and New Drug Trends for 2024

Sun Life’s 2024 report reveals rising healthcare costs, with cancer and cardiovascular diseases leading high-cost claims. The analysis includes new high-cost injectable drugs and strategic recommendations for employers.
May 31, 2024 Legislation & Regulation Life & Health Risk Management Technology

Strategic Role Expansion for Chief Risk Officers in Life Insurance

Strategic Role Expansion for Chief Risk Officers in Life Insurance

Chief Risk Officers (CROs) in life insurance will play a broader strategic role as insurers face complex challenges.
May 31, 2024 Legislation & Regulation Life & Health Risk Management Technology

Potent Nicotine Alternative in Vapes Raises Regulatory Concerns

Potent Nicotine Alternative in Vapes Raises Regulatory Concerns

The emergence of 6-methyl nicotine in vapes, more potent than traditional nicotine, poses regulatory challenges as the FDA and researchers seek to understand its health impacts.
May 30, 2024 Insurance Industry Legislation & Regulation Life & Health Technology Colorado

Impact of Federal Marijuana Reclassification on Liability Insurance Coverage

Impact of Federal Marijuana Reclassification on Liability Insurance Coverage

The potential federal reclassification of marijuana may affect liability insurance coverage, necessitating careful review of policy exclusions and legal compliance for businesses in the marijuana industry.
May 30, 2024 Insurance Industry Legislation & Regulation Liability Risk Management

Montana Plumber Sentenced for Insurance Fraud to Begin House Arrest

Montana Plumber Sentenced for Insurance Fraud to Begin House Arrest

A Montana plumber was sentenced to five years in prison, suspended for five years of probation, and a 30-day term of house arrest for presenting a falsified insurance certificate.
May 29, 2024 Fraud Insurance Industry Legislation & Regulation Litigation Montana

Tennessee Man Receives Federal Prison Sentence for Crop Insurance Fraud

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

OSHA Updates Hazard Communication Standard for Better Alignment with Global System

OSHA Updates Hazard Communication Standard for Better Alignment with Global System

The Occupational Safety and Health Administration announced a comprehensive revision of its Hazard Communication Standard, aiming to better align it with the United Nations’ Globally Harmonized System of Classification.
May 29, 2024 Education & Training Insurance Industry Legislation & Regulation Risk Management Michigan Missouri New York

Watchdog Highlights EPA’s Ongoing Cybersecurity Issues

Watchdog Highlights EPA’s Ongoing Cybersecurity Issues

The Government Accountability Office has warned that the Environmental Protection Agency has yet to implement a comprehensive cybersecurity risk assessment process, a recommendation first made in 2019.
May 28, 2024 Legislation & Regulation Life & Health Risk Management Technology

Florida Insurance Market Sees Hope Amid Legislative Reforms and Reduced Hurricane Activity

Florida Insurance Market Sees Hope Amid Legislative Reforms and Reduced Hurricane Activity

Florida’s property insurance market is beginning to stabilize thanks to new legislation aimed at reducing litigation and increasing market competition, following years of hurricane-induced losses and financial struggles.
May 28, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Enhanced Crop Insurance for Michigan Blueberry Farmers Starting 2025

Enhanced Crop Insurance for Michigan Blueberry Farmers Starting 2025

Starting in 2025, Michigan blueberry farmers will benefit from enhanced crop insurance coverage, tailored to protect against specific natural events impacting different blocks and varieties of their crops.
May 28, 2024 Insurance Industry Legislation & Regulation Risk Management Michigan
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