Insurance Brokerage Executive Admits Role in $133M ACA Fraud Scheme Targeting Federal Subsidies
A Florida insurance executive admitted to orchestrating a $133 million scheme involving fraudulent ACA enrollments to collect commissions from taxpayer-funded health plan subsidies.
April 23
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Florida
Neutral Pacific Waters Signal Potential Spike in Atlantic Hurricanes
With La Niña officially over and El Niño unlikely, the Atlantic may face an active hurricane season as neutral Pacific conditions remove key storm barriers.
April 21
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
Florida
Louisiana
Mississippi
Texas
Why Climate Resilience Requires Both Parametric and Traditional Insurance Solutions
As billion-dollar weather disasters escalate, combining parametric and traditional insurance offers a faster, more adaptive recovery solution for policyholders across the U.S.
April 15
Catastrophe
Insurance Industry
Property
Technology
California
Florida
Louisiana
Mississippi
Florida Art Dealer Accused of Selling Fake Warhols in Alleged $240K Fraud Scheme
Two South Florida men face federal charges for allegedly conspiring to sell forged Andy Warhol artwork using fake invoices and fraudulent authentication documents.
April 14
Fraud
Insurance Industry
Litigation
Risk Management
Florida
New York
Where Home Insurance Still Costs Under $1,200 a Year
As extreme weather drives up insurance rates nationwide, a few Midwestern states still offer annual home insurance premiums under $1,200 thanks to lower risk and better mitigation.
April 8
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Indiana
Louisiana
North Carolina
Ohio
Orlando Trio Admits to $58 Million Construction Payroll Fraud Scheme
Three Orlando residents face prison time after pleading guilty to a years-long fraud scheme that evaded workers’ comp premiums and payroll taxes in the construction sector.
April 7
Fraud
Insurance Industry
Litigation
Workers' Compensation
Florida
Gen Z’s Mortgage Risk: Climate Change & Insurance Costs
Rising insurance premiums and climate-related disasters are forcing Gen Z to scrutinize weather patterns before buying homes, reshaping the American Dream.
March 25
Catastrophe
Insurance Industry
Property
Risk Management
Technology
Florida
Texas
How Lithium-Ion Batteries Amplify Risk During Natural Disasters
Lithium-ion batteries pose increasing fire and environmental risks during natural disasters, prompting insurers, governments, and consumers to rethink safety and response strategies.
March 24
Catastrophe
Property
Risk Management
Technology
California
Florida
Tornado Strikes Florida TV Station During Live Broadcast
A tornado touched down near Orlando, Florida, striking a TV station during a live weather broadcast. Meteorologist Brooks Garner stayed on air as the storm passed over the studio.
March 11
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Florida’s Insurance Market Faces Shake-Up as Lawmakers Tackle Rising Costs
With soaring premiums and industry instability, Florida lawmakers are pushing for reforms in home and auto insurance. Transparency, incentives, and technology may offer relief, but challenges remain.
March 5
Auto
Legislation & Regulation
Property
Technology
Florida
Florida Insurance Market Strengthens as Legal Reforms Curb Costs
Legislative reforms targeting legal system abuse and claim fraud are improving Florida’s insurance market, reducing litigation, attracting insurers, and slowing premium increases.
March 4
Insurance Industry
Legislation & Regulation
Litigation
Property
Florida
Tampa Contractor Sentenced to 4 Years, Ordered to Pay $55M for Fraud and Safety Violations
A Tampa-based contractor was sentenced to four years in prison and ordered to pay over $55 million in restitution for fraud, tax evasion, and workplace violations that led to an employee’s death.
February 24
Fraud
Litigation
Risk Management
Workers' Compensation
Florida
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
Uninsured and Underinsured Drivers on the Rise in 2023, IRC Report Finds
A new Insurance Research Council (IRC) report reveals that over 33% of U.S. drivers in 2023 lacked sufficient auto insurance, marking a significant increase since 2017.
February 21
Auto
Insurance Industry
Legislation & Regulation
Risk Management
Colorado
District Of Columbia
Florida
Georgia
Kentucky
