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

South Carolina’s Liquor Liability Insurance Market Faces Deepening Crisis

South Carolina’s liquor liability insurance market has been unprofitable since 2017, with insurers losing $1.77 for every $1.00 earned. Claim frequency far exceeds neighboring states, intensifying concerns.
February 20 Insurance Industry Legislation & Regulation Liability Risk Management Florida Georgia North Carolina South Carolina

Florida’s Insurance Market Shows Signs of Recovery, but Reinsurance Challenges Persist

Florida’s insurance market is stabilizing, with reinsurance supply outpacing demand for the first time in years. However, challenges remain, particularly in the lower layers of reinsurance coverage, where costs continue to rise.
February 17 Catastrophe Legislation & Regulation Property Florida

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