Connecticut Moves Swiftly to Block Massive Spike in Workers’ Compensation Insurance Rates
Facing a 235% hike in workers’ compensation premiums after a court ruling, Connecticut lawmakers passed urgent legislation to stabilize insurance costs for employers statewide.
May 20
Insurance Industry
Legislation & Regulation
Risk Management
Workers' Compensation
Connecticut
Amtrak Health Plan Defrauded of $12 Million by Over 100 Employees and Medical Providers
Over 100 Amtrak employees joined forces with medical providers in a fraudulent health insurance scheme that cost the company more than $12 million, a new report finds.
May 12
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
Connecticut
Delaware
District Of Columbia
Maryland
New Jersey
Former Mars Wrigley Manager Accused of Stealing $28 Million Through Elaborate Fraud Scheme
A Connecticut man faces a nine-count federal indictment after allegedly stealing over $28 million from Mars Inc. through fake companies, diverted payments, and tax evasion.
March 31
Fraud
Insurance Industry
Litigation
Risk Management
Connecticut
Connecticut Man Arrested in $50K iPhone Insurance Fraud Scheme
A Connecticut man was arrested following an investigation into a fraudulent iPhone insurance scheme that involved the use of mules and fake claims to obtain replacement devices.
February 4
Fraud
Insurance Industry
Litigation
Technology
Connecticut
Pennsylvania Man Sentenced to Prison for $1.4 Million Insurance Fraud Scheme
Former insurance claims handler James Keating received a 20-month prison sentence for defrauding Allied World Insurance out of more than $1.4 million through shell companies and kickbacks.
January 30
Fraud
Insurance Industry
Litigation
Risk Management
Connecticut
Pennsylvania
Cannabis Grower’s $1.3M Business Income Claim Denied After Fire Damages Crops
A federal court ruled that a cannabis grower’s business income loss was not covered by its insurance policy after a fire damaged crops but did not halt overall operations.
January 24
Insurance Industry
Litigation
Property
Risk Management
Connecticut
Consumers Weigh in on AI Use in Severe Weather Insurance
A new report reveals mixed consumer opinions on insurers using AI for severe weather predictions, highlighting the need for transparency and education to build trust in these tools.
January 21
Insurance Industry
Property
Risk Management
Technology
Connecticut
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
New York High Court Enforces Uber’s Arbitration Clause Despite Preexisting Injury Lawsuit
New York’s highest court has upheld Uber’s arbitration requirement in a case involving a preexisting injury lawsuit, ruling the company’s clickwrap agreement is a valid contract.
November 26, 2024
Legislation & Regulation
Liability
Litigation
Technology
California
Connecticut
Illinois
Massachusetts
New York
How AI is Changing Medicare Advantage Claims Denials in Healthcare
AI is reshaping Medicare Advantage claim approvals, raising concerns among healthcare providers over denial rates. As technology automates prior authorization, hospitals and patients face delays and challenges in accessing essential care.
November 14, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Technology
Connecticut
Buddy System for Workplace Safety Faces Challenges Despite Its Benefits
While the buddy system is often praised for improving worker safety in high-risk environments, experts warn of potential downsides, including inconsistent practices, cost concerns, and reduced management oversight.
September 4, 2024
Liability
Risk Management
Workers' Compensation
Colorado
Connecticut
Missouri
Understanding the Causes Behind Connecticut’s Devastating Flash Flooding
The unexpected flash flooding in Connecticut resulted from a weather phenomenon known as training, where storm cells repeatedly formed over the same area.
August 21, 2024
Catastrophe
Property
Risk Management
Connecticut
New Jersey
New York
Pennsylvania
Insurance Executive Pleads Guilty to $1.5 Million Fraud Scheme
James Keating pleads guilty to defrauding Allied World Insurance Company of nearly $1.5 million. Keating, a former Assistant Vice President and surety bond claims handler, carried out the fraud while working for Allied World and later U.S. Fire Insurance Company.
July 31, 2024
Fraud
Insurance Industry
Liability
Litigation
Connecticut
Pennsylvania
Berkshire Hathaway Insurer and Cannabis Company Clash Over $1.3 Million Claim
National Fire and Marine Insurance Co. denies coverage for Theraplant’s $1.3 million business income loss claim, citing policy exclusions and differing interpretations of coverage terms.
July 29, 2024
Insurance Industry
Litigation
Property
Risk Management
Connecticut
Bears Wreak Havoc Inside Connecticut Car
Two bears trapped inside a car in Winsted, Connecticut caused significant damage before being safely released, highlighting the growing black bear population in the state.
July 29, 2024
Catastrophe
Property
Risk Management
Weird
Connecticut
