
Understanding Florida’s New Liposuction Regulations for Enhanced Patient Safety
Governor Ron DeSantis signed HB 1561 into law on May 11, introducing several consumer protections for patients undergoing liposuction, including Brazilian butt lifts (BBLs).
June 6, 2024
Legislation & Regulation
Liability
Life & Health
Risk Management
Florida

Tornado Recovery Costs Tallahassee Area Over $50M, Leaders Encourage Hurricane Season Prep
Following the devastating tornadoes, Tallahassee leaders stress the importance of hurricane readiness as recovery costs exceed $50 million.
June 5, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida

Iowa Residents Face Big Bills and Mortgage Risks Due to Reduced Roof Coverage
Iowa's major insurance companies have reduced roof coverage, resulting in substantial out-of-pocket costs for homeowners and jeopardizing mortgages. The changes follow increased claims from frequent hail and wind storms.
June 5, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Iowa

North Carolina Battles Rising Insurance Fraud Since Pandemic
North Carolina has experienced a significant increase in insurance fraud since the COVID-19 pandemic, with seniors being heavily targeted by scams. State officials are urging vigilance and reporting to combat the issue.
June 5, 2024
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
North Carolina

Delaware’s Zantac Decision: A Potential Shift in Mass Tort Litigation?
The Delaware Superior Court's recent decision to allow 75,000 Zantac lawsuits to proceed raises questions about whether the state will become a new hub for mass tort litigation.
June 4, 2024
Insurance Industry
Legislation & Regulation
Litigation
Risk Management

Can Percentage Deductibles Revive the Property Casualty Market?
Percentage deductibles might offer a lifeline to the strained property casualty market by sharing more risk with policyholders and potentially revitalizing insurer confidence.
June 4, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management

Dangers from Space Junk, Megadroughts, Toxins in Bioplastics, Risky Bridges, and Climate Change Impacts on Health
Carrier Management's June 2024 edition of Risk Alerts brings attention to various emerging hazards, including falling space debris, prolonged megadroughts, toxins in bioplastics, vulnerable bridges, and the health impacts of climate change.
June 4, 2024
Catastrophe
Legislation & Regulation
Life & Health
Property
Risk Management

New Jersey Man Sentenced for Leading Major No-Fault Insurance Fraud in New York
Bradley Pierre has been sentenced to 10 years in prison for orchestrating a $60 million fraud targeting No-Fault automobile insurance companies, marking one of the largest such frauds in New York history.
June 4, 2024
Fraud
Insurance Industry
Legislation & Regulation
Litigation
New Jersey
New York

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
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
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
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
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'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
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



