SEC Targets NovaTech and Leaders in $650 Million Global Crypto Scheme

The SEC has charged NovaTech Ltd. and its principals with defrauding over 200,000 investors in a $650 million crypto scheme, targeting the Haitian-American community and relying on a multi-level marketing structure to solicit funds.
August 14, 2024 Fraud Legislation & Regulation Litigation Technology California Florida New York

Georgia’s Auto Insurance Costs Surge, Now Among the Least Affordable in the U.S.

Georgia has become one of the least affordable states for auto insurance, with rising costs driven by factors such as legal system abuse, uninsured motorists, and increased litigation, according to a recent IRC study.
August 12, 2024 Auto Legislation & Regulation Litigation Risk Management Florida Georgia Louisiana Mississippi New York

New York Man Sues Museum of Ice Cream Over Broken Ankle from Sprinkle Pool Jump

A New York man has filed a lawsuit against the Museum of Ice Cream, alleging that the museum’s marketing and inadequate warnings led him to break his ankle after jumping into their sprinkle pool during a 2023 visit.
August 12, 2024 Liability Litigation Property Risk Management New York

Boar’s Head Faces Lawsuits Over Listeria Outbreak

Boar’s Head is facing legal challenges after a massive product recall due to potential Listeria contamination.
August 8, 2024 Life & Health Litigation Missouri New York Virginia

Homeowners Face 21% Insurance Premium Increase, Climate Change Cited as Major Factor

Homeowners insurance premiums surged by 21% from May 2022 to May 2023, largely due to severe weather events driven by climate change, leaving many homeowners with limited options.
July 29, 2024 Catastrophe Insurance Industry Legislation & Regulation Property California Colorado Florida Idaho Louisiana

Premium Renewal Rates Increase Across Major Commercial Lines Except Workers’ Compensation

The Q2 2024 Ivans Index reveals an overall increase in premium renewal rates for major commercial insurance lines, with Workers’ Compensation as the exception, showing a year-over-year decrease.
July 25, 2024 Auto Insurance Industry Property Workers' Compensation Mississippi Nebraska New York Texas Wisconsin

Emerging Challenges in US Workers’ Compensation Market: Swiss Re Analysis

After a decade of profitability, the US workers’ compensation insurance market faces new risks, requiring disciplined underwriting to maintain stability.
July 23, 2024 Insurance Industry Risk Management Underwriting Workers' Compensation California New Jersey New York

NBA Teams Sued for Copyright Infringement in Social Media Videos

Fourteen NBA teams are accused of using copyrighted music in social media promotional videos without proper licensing, leading to multiple lawsuits by Kobalt and other music companies.
July 23, 2024 Insurance Industry Legislation & Regulation Litigation Technology Arizona California Colorado Florida Georgia

RGA Leaders of Tomorrow Program Marks Decade of Mentorship Excellence

The RGA Leaders of Tomorrow program, now celebrating its 10th anniversary, has mentored and inspired future insurance executives since its inception.
July 19, 2024 Education & Training Insurance Industry Life & Health Florida New York

Understanding Hurricane Categories: Why Even "Weaker" Storms Can Be Dangerous

While often dismissed, Category 1 hurricanes and tropical storms can cause significant damage and fatalities, emphasizing the need for a comprehensive understanding of storm impacts beyond mere wind strength.
July 15, 2024 Catastrophe Insurance Industry Risk Management Technology Florida Louisiana New York Texas

Rhode Island Domestic Workers Now Entitled to State Minimum Wage

Democratic Gov. Daniel McKee signed a bill ensuring Rhode Island domestic workers receive the state minimum wage. Previously excluded, these workers will now earn at least $14 per hour, with an increase to $15 on January 1st.
July 2, 2024 Legislation & Regulation Life & Health Workers' Compensation Hawaii Massachusetts New York Rhode Island

Lightning-Related Insurance Claims Soar in 2023

The Insurance Information Institute (Triple-I) reported a 30% increase in total claims value from 2022, highlighting the financial impact of severe convective storms.
June 19, 2024 Catastrophe Insurance Industry Property Risk Management Alabama California Florida Georgia Louisiana

Zyn Halts Online Sales Amidst Regulatory Scrutiny

Zyn, the popular nicotine pouch brand, has stopped online sales after receiving a subpoena from the District of Columbia’s attorney general regarding sales of flavored products.
June 19, 2024 Legislation & Regulation Liability Life & Health Technology California District Of Columbia Massachusetts New York

Unlocking Potential in the E&S Insurance Market

The excess and surplus insurance market is dynamically growing, providing major opportunities for insurtechs.
June 18, 2024 Excess & Surplus Lines Insurance Industry Technology Underwriting New York

Gemini and NY Attorney General Reach $50M Settlement

Gemini has reached a $50 million settlement with the New York Attorney General’s office, resolving allegations of defrauding investors.
June 14, 2024 Fraud Legislation & Regulation Litigation Technology New York
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