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Insurers Gained $50 Billion From Medicare for Untreated Diseases

Insurers Gained $50 Billion From Medicare for Untreated Diseases

Medicare Advantage insurers received $50 billion from questionable diagnoses, including diseases like diabetic cataracts and HIV, for conditions that were not treated or didn’t exist.
July 8, 2024 Fraud Insurance Industry Legislation & Regulation Technology Alabama Arizona Florida Georgia Massachusetts

Hurricane Beryl Slams Texas with Deadly Force: 90 mph Gusts, Life-Threatening Storm Surge

Hurricane Beryl Slams Texas with Deadly Force: 90 mph Gusts, Life-Threatening Storm Surge

Hurricane Beryl made landfall in Texas, bringing 90 mph winds, torrential rain, and life-threatening storm surge, leaving one person dead and over 1.5 million without power.
July 8, 2024 Catastrophe Insurance Industry Property Risk Management Texas

Hurricane Beryl’s Unprecedented Early Season Impact Signals Climate Concerns

Hurricane Beryl’s Unprecedented Early Season Impact Signals Climate Concerns

Hurricane Beryl’s rapid intensification in early July breaks records and raises concerns about future storm activity due to climate change.
July 2, 2024 Catastrophe Property Risk Management Texas

Escalating Home Insurance Costs Linked to Disaster Risk: Insights from Mortgage Escrow Data

Escalating Home Insurance Costs Linked to Disaster Risk: Insights from Mortgage Escrow Data

An analysis of 47 million homeowners’ insurance expenditures reveals a sharp increase in premiums from 2020 to 2023, with disaster-prone areas experiencing the most significant hikes due to rising reinsurance costs.
July 1, 2024 Catastrophe Insurance Industry Property Risk Management California Florida Louisiana Texas

Former Green Bay Packer Randall Cobb, and Family Survive House Fire in Nashville

Former Green Bay Packer Randall Cobb, and Family Survive House Fire in Nashville

NFL wide receiver Randall Cobb and his family narrowly escaped a fire at their Nashville home, which began in the garage and caused significant damage, but fortunately left everyone unharmed.
June 27, 2024 Catastrophe Insurance Industry Property Risk Management Tennessee Texas

Lightning-Related Insurance Claims Soar in 2023

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

Copper Cable Theft Plagues EV Charging Stations

Copper Cable Theft Plagues EV Charging Stations

The rise in cable thefts is occurring amidst significant efforts by major U.S. automakers to promote electric vehicles as a key strategy to combat climate change.
June 19, 2024 Insurance Industry Property Risk Management Technology Arizona California Colorado Illinois Nevada

Tropical Storm Warning Issued for Southern Texas as First Storm of Hurricane Season Approaches

Tropical Storm Warning Issued for Southern Texas as First Storm of Hurricane Season Approaches

The first tropical storm warning of the season has been issued for southern Texas as a developing storm in the Gulf of Mexico threatens heavy rain, flooding, and strong winds.
June 18, 2024 Catastrophe Legislation & Regulation Property Risk Management Texas

El Paso Woman Files $1 Million Lawsuit Against Mexican Resort Over Husband’s Electrocution

El Paso Woman Files $1 Million Lawsuit Against Mexican Resort Over Husband’s Electrocution

Lizzette Zambrano sues Sonoran Sea Resort for over $1 million after her husband, Jorge Guillen, was electrocuted in a hot tub, leaving her critically injured and claiming his life.
June 17, 2024 Liability Litigation Property Risk Management Arizona Texas

Heavy Rains Aim for Texas and Louisiana as Tropical System Brews in Gulf of Mexico

Heavy Rains Aim for Texas and Louisiana as Tropical System Brews in Gulf of Mexico

AccuWeather hurricane experts are monitoring the southwestern Gulf of Mexico for potential tropical development this week.
June 17, 2024 Catastrophe Property Risk Management Florida Louisiana Texas

Common Apps May Share More Driver Data with Insurers Than Expected

Common Apps May Share More Driver Data with Insurers Than Expected

Many drivers are unaware that auto insurance companies may be receiving their driving data from commonly used apps, even if they haven’t signed up for usage-based insurance programs.
June 17, 2024 Auto Insurance Industry Risk Management Technology Connecticut New Jersey Texas

Texas Man Sentenced for $2 Million Unemployment Insurance Fraud

Texas Man Sentenced for $2 Million Unemployment Insurance Fraud

Frank Sherman of Garland, Texas, received a two-year prison sentence and must pay nearly $2.3 million in restitution for his involvement in an unemployment insurance fraud scheme.
June 13, 2024 Fraud Insurance Industry Legislation & Regulation Litigation California Nevada Texas

Natural Disasters and Their Ripple Effects on Global Systems: Swiss Re’s Latest Insights

Natural Disasters and Their Ripple Effects on Global Systems: Swiss Re’s Latest Insights

Swiss Re’s 2024 SONAR report identifies 16 emerging risks, highlighting the compounding effects of natural disasters on critical infrastructure, supply chains, and healthcare systems, stressing the need for increased resilience and investment.
June 12, 2024 Catastrophe Life & Health Property Risk Management California Texas

Texas Supreme Court Dismisses Stonewater Roofing’s Claims Against Insurance Regulations

Texas Supreme Court Dismisses Stonewater Roofing’s Claims Against Insurance Regulations

The Texas Supreme Court dismissed Stonewater Roofing’s constitutional claims challenging state regulations requiring licensing for public insurance adjusters, upholding the Texas Department of Insurance’s motion.
June 11, 2024 Insurance Industry Legislation & Regulation Litigation Risk Management Texas

USPS National Dog Bite Awareness Campaign Highlights Rising Incidents

USPS National Dog Bite Awareness Campaign Highlights Rising Incidents

The USPS concluded its 2024 National Dog Bite Awareness Campaign amid a rise in dog attacks on postal workers, emphasizing safe mail delivery and responsible pet ownership.
June 10, 2024 Education & Training Insurance Industry Risk Management Weird California Florida Illinois Michigan Missouri
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