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Understanding Florida’s New Liposuction Regulations for Enhanced Patient Safety

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

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 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 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?

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?

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

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

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

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
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