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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, 2025 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, 2025 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, 2025 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, 2025 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, 2025 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, 2025 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, 2025 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, 2025 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, 2025 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

Senate Report Blames Climate Change for Insurance Challenges as Industry Pushes Back

The Senate Budget Committee attributes rising non-renewal rates to climate change, but insurance experts highlight other drivers like inflation, litigation, and overbuilding.
December 19, 2024 Catastrophe Legislation & Regulation Property Risk Management California Florida Hawaii Louisiana Massachusetts

Teen Arrested in Scattered Spider Cybercrime Case Linked to Telecom and Crypto Hacks

Authorities have arrested a teenager linked to the Scattered Spider gang, accusing them of hacking financial and telecom firms and launching phishing campaigns targeting employees and customers.
December 9, 2024 Fraud Litigation Risk Management Technology Florida North Carolina Texas

Homeowners Face Triple Disaster Risks and Insurance Gaps

Over 33,000 U.S. homes face extreme risks from three natural disasters, exposing gaps in insurance coverage and highlighting the urgent need for multi-peril resilience planning.
December 3, 2024 Catastrophe Insurance Industry Property Risk Management California Florida Texas Washington
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