Fishing Vessel Wrecked on Maine Coast Due to Autopilot Error
A crew member’s nap and an unactivated bridge alarm led to the Tara Lynn II fishing vessel crashing onto rocks amid a storm on the Maine coast.
January 24, 2024
Marine
Property
Maine
Homeowners’ Guide to Navigating Insurance Market Complexities in 2024
Equip yourself with insights to understand the volatile homeowner insurance market in 2024, leveraging technology for affordable and comprehensive coverage.
January 24, 2024
Legislation & Regulation
Property
Risk Management
Technology
Illinois Man Admits to Arson Scheme for Insurance Fraud
Rufis Jefferson pleads guilty to multiple felonies in a calculated arson-for-hire scheme, aiming to defraud insurance companies through deliberately set fires.
January 23, 2024
Fraud
Insurance Industry
Litigation
Property
Illinois
Missouri
Texas Law Firm Faces Over $10 Million Judgment for Hurricane Claim Fraud
McClenny, Moseley & Associates, a Texas law firm, is ordered to pay over $10 million for fraudulent activities related to hurricane insurance claims.
January 23, 2024
Catastrophe
Fraud
Litigation
Property
Louisiana
Texas
Florida Plans to Issue Bonds to Support Hurricane Losses Fund
Florida aims to bolster its hurricane catastrophe fund by borrowing up to $3.8 billion through municipal bonds to support property insurers against hurricane losses.
January 23, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
FEMA Announces Major Reforms to Enhance Disaster Recovery Support
In a move to streamline disaster relief, FEMA is set to introduce faster fund access, broader repair eligibility, and an easier application process for disaster survivors.
January 22, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Iowa Man Sentenced to Prison for Committing Insurance Fraud on Rental Properties
Timothy Daryle Sletten receives a 21-month prison sentence for defrauding State Farm Insurance through fraudulent property damage claims in Iowa.
January 19, 2024
Fraud
Litigation
Property
Iowa
Florida Senate Advances Bill to Restructure Citizens Property Insurance
A new Florida Senate bill aims to transform Citizens Property Insurance Corp, focusing on high-value homes and removing premium caps.
January 17, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Florida
Winter Storm Triggers Deadly Avalanches Across Western U.S. During MLK Weekend
A severe winter storm brings a spate of dangerous avalanches, resulting in fatalities and heightened risks in the western U.S. during the long Martin Luther King Jr. Day weekend.
January 16, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
Idaho
Proposed House Bill 1213 Aims to Transform Citizens Property Insurance into Primary Windstorm Coverage Provider
House Bill 1213, proposed by State Representatives Spencer Roach and Hillary Cassel, seeks to make Citizens Property Insurance a primary option for windstorm coverage in Florida.
January 16, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
Harnessing Embedded Insurance for Enhanced Adaptation and Risk Mitigation
The shift from resilience to adaptation in property and casualty insurance is made possible by Embedded Insurance at the Point of Design, offering a transformative approach to managing risk.
January 15, 2024
Auto
Insurance Industry
Property
Technology
Jackson, Mississippi Wins $10.3 Million Settlement from Zurich American Insurance
After a lengthy legal battle, the city of Jackson, Mississippi, is set to receive $10.3 million from Zurich American Insurance for damages from a 2013 hailstorm.
January 12, 2024
Catastrophe
Insurance Industry
Litigation
Property
Mississippi
Stray Dogs Cause $350,000 Damage at Houston Car Dealership
Two stray dogs are responsible for extensive damage at G Motors in Houston, tearing bumpers and scratching paint off vehicles.
January 11, 2024
Catastrophe
Liability
Property
Weird
Texas
Blizzard Triggers Power Outages and Closures in Oregon and Washington Ski Areas
Heavy snowfall and high winds cause widespread power outages and force the closure of highways and ski resorts in Oregon and Washington.
January 11, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Oregon
Washington
Florida Lawmakers Grapple with Homeowners Insurance Crisis
As Florida’s annual legislative session approaches, lawmakers focus on addressing the state’s escalating homeowners insurance crisis with a range of proposed solutions.
January 10, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Florida
