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Rising Insurance Costs and Severe Thunderstorms: How Convective Storms Are Reshaping Risk

Severe convective storms are a major driver of rising insurance costs, with hail, tornadoes, and strong winds causing billions in property damage. Understanding storm patterns can help insurers manage risk effectively.
February 24 Catastrophe Insurance Industry Property Risk Management Alabama Florida Georgia Illinois Indiana

Two Men Face Prison for $161M Obamacare Fraud Scheme

Two individuals allegedly defrauded the Affordable Care Act by submitting false applications, leading to millions in commissions and subsidy fraud. They face multiple federal charges.
February 21 Fraud Insurance Industry Legislation & Regulation Life & Health Florida Texas

Dallas Man Sentenced to Over 13 Years for $5M Insurance Fraud Scheme

A Texas man was sentenced to 157 months in federal prison for orchestrating a $4.4 million insurance fraud scheme that involved stolen client information and misdirected payments.
February 21 Fraud Insurance Industry Litigation Risk Management Texas

Texas Law Firm Escapes $2M Fine for Alleged Hurricane Laura Insurance Fraud

A judge ruled that Louisiana’s insurance regulator lacked authority to fine McClenny, Moseley & Associates for alleged fraudulent hurricane claims, sparking further legal debate.
February 6 Catastrophe Fraud Legislation & Regulation Litigation Louisiana Texas

Historic Snowstorm Brings Chaos to US South With Record-Breaking Cold and Snowfall

A rare snowstorm dumped record amounts of snow across the US South, causing travel chaos, frozen pipes, and widespread disruptions in states unprepared for such severe winter weather.
January 24 Catastrophe Property Risk Management Technology Arkansas Florida Georgia Louisiana Oklahoma

Health Insurance Fraud Case Resolved by Austin-Based Small Group Business

An Austin-based small group health insurer settles allegations of fraudulent billing practices, emphasizing the need for transparency and ethical standards in health insurance claims.
January 23 Fraud Legislation & Regulation Life & Health Risk Management Alabama Arizona Arkansas Florida Louisiana

Cargo Theft Hits Unprecedented Highs in 2024, with $202K Average Loss Per Incident

Cargo theft incidents surged 27% in 2024, reaching 3,625 reported cases in the U.S. and Canada. California and Texas were hit hardest, with criminals shifting to high-value targets like electronics and copper.
January 23 Fraud Property Risk Management Technology California Georgia New York Texas

Record Catastrophe Bond Issuance of $17.7 Billion in 2024

Catastrophe bonds and related insurance-linked securities surged to a record $17.7 billion in issuance during 2024, driven by a robust first half and strong year-end performance.
January 21 Catastrophe Property Risk Management Technology California Florida Louisiana Massachusetts Texas

General Motors Agrees to FTC Settlement Over Driver Data Privacy Issues

General Motors will be restricted from collecting and sharing driver data for five years following an FTC settlement addressing claims of undisclosed data sales to third parties.
January 20 Legislation & Regulation Litigation Risk Management Technology Texas

Texas Accuses Allstate of Illegally Using Driver Data to Raise Insurance Rates

Texas has sued Allstate, claiming it illegally gathered sensitive driver data without consent, used it for underwriting, and sold it to third parties, violating state privacy laws.
January 14 Auto Legislation & Regulation Litigation Technology Texas

Rising Risks in Homeowners Insurance Demand Swift Action

The accelerating impacts of climate change, coupled with slow government response and human reluctance to prepare, are driving a homeowners insurance crisis in wildfire-prone states like California.
January 14 Catastrophe Legislation & Regulation Property Risk Management California Colorado Florida Hawaii Louisiana

Year-End Tornadoes Spark Surge in Insurance Claims Across Southern States

Severe storms from December 26–29, 2024, caused extensive tornado damage across 10 Southern states, generating over 2,700 insurance claims and highlighting a rising trend in extreme weather events.
January 6 Catastrophe Insurance Industry Property Risk Management Alabama Mississippi North Carolina South Carolina Texas

Rising Home Insurance Nonrenewals Reshape Housing Market Across the U.S.

As climate-driven disasters increase, nonrenewed home insurance policies are surging nationwide, impacting property values, mortgages, and economic stability in vulnerable communities.
December 30, 2024 Catastrophe Legislation & Regulation Property Risk Management Alabama California Colorado Connecticut Florida

Is 3D Printing Transforming Construction?

Innovative 3D printing technology is reshaping residential and commercial construction, offering faster, cost-effective, and sustainable solutions to address the housing shortage.
December 26, 2024 Litigation Property Risk Management Technology Florida Nevada Tennessee Texas

CVS Faces Federal Lawsuit Over Alleged Opioid Dispensing Missteps

The DOJ alleges CVS pharmacies knowingly dispensed opioids unsafely, ignoring red flags and understaffing stores, as part of a whistleblower suit under the False Claims Act.
December 19, 2024 Fraud Legislation & Regulation Litigation Risk Management Rhode Island Tennessee Texas
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