Florida Insurance Executives Challenge Regulatory Crackdown on Past Leadership of Insolvent Carriers
In response to Florida's stringent regulations, insurance executives are debating the fairness and constitutionality of actions aimed at past leaders of failed companies.
May 1, 2024
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
Florida
Global Cyber Confidence Index 2024 Highlights Widespread Overconfidence in Cybersecurity Amid Rising Ransomware Threats
The 2024 Global Cyber Confidence Index report underscores a significant disconnect between cybersecurity confidence and the actual effectiveness of risk management practices.
April 30, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Grand Jury Indicts Vendor for Alleged Large-Scale Insurance Fraud in Alabama
A vendor is facing charges for allegedly defrauding Montgomery city of over $400,000, with an indictment issued following an unrelated probe by the attorney general.
April 30, 2024
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
Alabama
U.S. Sets 2029 Deadline for Mandatory Automatic Emergency Braking in New Cars
By 2029, all new passenger cars and light trucks in the U.S. will include automatic emergency braking systems to enhance road safety.
April 30, 2024
Auto
Legislation & Regulation
Technology
Sacramento Business Owner Fined Over $687K for Workers’ Comp Fraud
Jorge Maldonado, owner of Pro-Care Building Maintenance, has been ordered to pay nearly $700,000 in restitution for underreporting employee numbers to reduce workers' comp premiums.
April 29, 2024
Fraud
Insurance Industry
Legislation & Regulation
Workers' Compensation
California
Florida Supreme Court Rules on PIP Insurance Reimbursements
The Florida Supreme Court clarifies the reimbursement policies under personal injury protection (PIP) insurance, upholding insurers' rights to limit payments in Allstate vs. Revival Chiropractic.
April 29, 2024
Auto
Insurance Industry
Legislation & Regulation
Liability
Florida
Court Rules Employers Can Reimburse Workers for Medical Marijuana Without Violating Federal Law
A Pennsylvania court has ruled that employers can reimburse injured workers for medical marijuana, clarifying that this does not constitute a federal offense.
April 26, 2024
Legislation & Regulation
Liability
Life & Health
Workers' Compensation
Pennsylvania
Record Highs in Healthcare Fraud Losses in Early 2024 Spark Concern
Americans faced over $16 million in losses to healthcare fraud in the first quarter of 2024, marking a significant increase in fraudulent activities.
April 26, 2024
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Florida
Florida Court Rules Employers Can’t Claim Workers’ Comp Immunity After Denying Claims
A Florida appeals court ruled that employers cannot deny a workers' compensation claim as not work-related and then claim immunity from tort lawsuits for the same incident.
April 26, 2024
Legislation & Regulation
Liability
Risk Management
Workers' Compensation
Florida
Seattle Area Tesla Autopilot Crash Raises Safety Questions
A fatal collision involving a Tesla on Autopilot near Seattle has intensified scrutiny over autonomous driving technology's safety.
April 26, 2024
Auto
Legislation & Regulation
Liability
Technology
Washington
Florida Insurers Face Legal Challenges for Employing Unlicensed Adjusters After Hurricane Irma
Recent lawsuits in South Florida highlight allegations against property insurers for using unlicensed and inexperienced claims adjusters, potentially undermining homeowner claims.
April 25, 2024
Insurance Industry
Legislation & Regulation
Litigation
Property
Florida
Expanding Nuclear Energy: Unpacking the National Security Implications of Small Modular Reactors
A new report highlights the potential national security risks associated with the adoption of Small Modular Reactors (SMRs) in the nuclear energy sector.
April 25, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
FTC’s Nationwide Ban on Noncompetes Set to Spur Business and Innovation
The FTC's new rule banning noncompete agreements promises to foster innovation, boost worker mobility, and generate significant economic benefits.
April 25, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
West Virginia Supreme Court Ruling Changes Workers’ Compensation Disability Determinations
A recent ruling by the West Virginia Supreme Court mandates that preexisting conditions should not reduce disability awards unless total permanent disability is involved.
April 24, 2024
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
West Virginia
Former Military Financial Counselor Admits to Defrauding Bereaved Military Families
A former financial counselor for the army has pled guilty to a scheme defrauding families of fallen soldiers, impacting life insurance payouts.
April 23, 2024
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
New Jersey
