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Austin ISD CFO Arrested on Insurance Fraud Charges and Placed on Leave

Austin ISD CFO Arrested on Insurance Fraud Charges and Placed on Leave

Austin Independent School District CFO has been placed on leave following an arrest on insurance fraud charges.
August 7, 2024 Education & Training Fraud Legislation & Regulation Litigation Texas

CrowdStrike Faces Federal Securities Class Action from Investors

CrowdStrike Faces Federal Securities Class Action from Investors

The Plymouth County Retirement Association has filed a class action lawsuit against CrowdStrike in Texas, claiming the cybersecurity firm’s software outage caused significant global disruptions and financial losses.
August 1, 2024 Litigation Risk Management Technology Texas

Oil and Gas Activity Likely Caused West Texas Earthquakes

Oil and Gas Activity Likely Caused West Texas Earthquakes

Recent damaging earthquakes in West Texas are likely caused by oil and gas activity, according to the USGS.
July 31, 2024 Catastrophe Legislation & Regulation Litigation Risk Management New Mexico Oklahoma Texas

Man Faces Charges in Houston Roofing Fraud Case

Man Faces Charges in Houston Roofing Fraud Case

A Galveston County, Texas man is charged with felony criminal mischief for allegedly damaging a roof to file a fraudulent storm damage insurance claim, authorities report.
July 30, 2024 Fraud Insurance Industry Litigation Property Texas

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

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

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

Gallagher Re’s Mid-Year Natural Catastrophe and Climate Report Highlights 2024’s Severe Convective Storm Impact

Gallagher Re’s Mid-Year Natural Catastrophe and Climate Report Highlights 2024’s Severe Convective Storm Impact

The first half of 2024 saw substantial global insured losses, with US severe convective storms accounting for 61% of the $61 billion total, highlighting the period as the costliest on record.
July 24, 2024 Catastrophe Insurance Industry Property Risk Management Colorado Iowa Oklahoma Texas

Trucker’s Wife Avoids Second Prison Term in Workers’ Compensation Fraud Case

Trucker’s Wife Avoids Second Prison Term in Workers’ Compensation Fraud Case

Frances Hall, previously convicted of murdering her husband, avoids a second prison term after pleading guilty in a $9 million workers’ compensation fraud scheme.
July 24, 2024 Fraud Insurance Industry Litigation Workers' Compensation Texas

Gulf Coast Disasters 2020-2021: Impacts and Lessons

Gulf Coast Disasters 2020-2021: Impacts and Lessons

Exploring the compounded impacts of multiple disasters on Gulf Coast communities from 2020 to 2021 and the lessons learned to enhance future resilience.
July 22, 2024 Catastrophe Life & Health Property Risk Management Alabama Florida Louisiana Mississippi Texas

New Study Uncovers State Variations in Workers’ Compensation for First Responders’ Mental Health

New Study Uncovers State Variations in Workers’ Compensation for First Responders’ Mental Health

Recent research from the FIRST Center highlights significant differences in state workers’ compensation laws for first responders with mental health conditions, emphasizing the need for uniform presumption laws.
July 16, 2024 Legislation & Regulation Life & Health Risk Management Workers' Compensation Alaska Arizona California Colorado Connecticut

Moody’s RMS Estimates $2.5-$4.5 Billion in U.S. Insured Losses from Hurricane Beryl

Moody’s RMS Estimates $2.5-$4.5 Billion in U.S. Insured Losses from Hurricane Beryl

Moody’s RMS estimates U.S. insured losses from Hurricane Beryl between $2.5 and $4.5 billion, with NFIP losses under $300 million and non-U.S. losses not exceeding $1.5 billion.
July 16, 2024 Catastrophe Insurance Industry Property Risk Management Texas

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

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

Nearly 300,000 Without Power in Texas One Week After Hurricane Beryl

Nearly 300,000 Without Power in Texas One Week After Hurricane Beryl

Hundreds of thousands of Texans remain without power one week after Hurricane Beryl caused widespread damage. Gov. Greg Abbott has demanded an explanation from Houston’s main electricity supplier.
July 15, 2024 Catastrophe Legislation & Regulation Risk Management Technology Texas

Hurricane Beryl Estimated to Cause $3.3 Billion in Insured Losses Across the Americas

Hurricane Beryl Estimated to Cause $3.3 Billion in Insured Losses Across the Americas

Hurricane Beryl is estimated to have caused $3.3 billion in insured losses, with $2.7 billion in the U.S., $510 million in the Caribbean, and $90 million in Mexico.
July 11, 2024 Catastrophe Insurance Industry Property Technology Texas

White House Elevates Infrastructure to Combat Intensifying Floods

White House Elevates Infrastructure to Combat Intensifying Floods

The Biden administration finalizes a policy requiring FEMA-funded reconstruction projects to be elevated above local flood levels to mitigate damage from intensifying floods due to climate change.
July 11, 2024 Catastrophe Legislation & Regulation Property Risk Management Texas
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