Swiss Re CEO Highlights Climate Crisis as Major Factor in Rising Insurance Costs
The CEO of Swiss Re underscores the need for fair risk valuation amid rising insurance costs, pointing to climate change as a significant driver of recent price adjustments.
February 19, 2024
Catastrophe
Insurance Industry
Risk Management
California
Colorado
Florida
Idaho
New Jersey
Allstate Reports Significant January Catastrophe Losses Amid Auto Rate Hikes
With January’s pretax catastrophe losses hitting $276 million, Allstate outlines its strategy on auto rate increases and its impact on premiums.
February 15, 2024
California
Illinois
New Jersey
New York
Texas
Major Medicaid Fraud Case Ends with $6.4 Million Seizure in New Jersey
New Jersey’s aggressive stance against Medicaid fraud results in a $6.4 million seizure, marking a significant victory for the state’s healthcare system integrity.
February 14, 2024
Fraud
Legislation & Regulation
Property
New Jersey
New Jersey Contractor Faces Severe Penalties for Repeated Safety Violations
Adrian Construction Group faces over $1 million in fines for continuous fall protection violations at a Franklin Lakes job site, according to OSHA.
February 13, 2024
Litigation
Workers' Compensation
New Jersey
New York City on the Brink of Its Largest Snowstorm in Two Years
New York City anticipates a major winter storm, possibly marking the most significant snowfall event since January 2022.
February 13, 2024
Catastrophe
Risk Management
Connecticut
Massachusetts
New Jersey
New York
Pennsylvania
Revolutionizing Online Sports Betting Insurance with Innovative Solutions
Innovative insurance solutions like surety bonds are transforming collateralization in the sports betting industry, marking a new era of financial flexibility.
February 8, 2024
Insurance Industry
Legislation & Regulation
Technology
Delaware
Montana
Nevada
New Jersey
Oregon
Florida Bar Greenlights AI Use with Ethical Guardrails for Legal Practice
In a pioneering move, the Florida Bar approves AI for legal use, setting ethical standards to guide lawyers in harnessing AI technology responsibly.
February 2, 2024
Legislation & Regulation
Technology
California
Florida
Illinois
Kentucky
Minnesota
December Nor’easter and California Rains Lead to Major Losses in the U.S.
Severe December weather, including a nor’easter and California flooding, potentially costs millions in economic and insured losses.
January 5, 2024
Catastrophe
Property
Risk Management
California
Florida
Maine
New Jersey
North Carolina
Pennsylvania Water Authority Targeted in International Cyberattack Linked to Iranian Hackers
The Municipal Water Authority of Aliquippa in Pennsylvania faces a cyberattack, highlighting the vulnerability of small water utilities to international cybersecurity threats.
January 4, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Arkansas
California
Indiana
Iowa
Missouri
New Jersey Man Pleads Guilty in Massive No-Fault Auto Insurance Fraud Scheme
Bradley Pierre’s guilty plea unveils a decade-long, $60-$70 million no-fault auto insurance fraud, involving medical clinics, bribes, and tax evasion in New York and New Jersey.
December 19, 2023
Auto
Fraud
Legislation & Regulation
Litigation
New Jersey
New York
Navigating the Shifting Landscape: Strategies for the Evolving Workers’ Compensation Market
As the workers’ compensation market begins to shift, exploring expert insights and strategies for agents and insureds in navigating these changes in 2024.
December 13, 2023
Insurance Industry
Legislation & Regulation
Risk Management
Workers' Compensation
California
New Jersey
New York
Genesis Reference Laboratories Settles for Over $1 Million in False Claims Act Case Involving Kickbacks
Orlando-based Genesis Reference Laboratories agrees to a significant settlement to resolve allegations of illegal kickbacks, highlighting ongoing healthcare fraud issues.
December 4, 2023
Fraud
Legislation & Regulation
Life & Health
Florida
Missouri
New Jersey
Texas
Glimmers of Good News on Climate (Finally)
Stunning declines in the cost of solar and wind power are rapidly adding renewables to the world’s energy mix.
November 28, 2023
Auto
Catastrophe
Risk Management
Technology
Georgia
New Jersey
Minnesota Men Face Federal Charges in Interstate Catalytic Converter Theft Ring
Federal officials have charged four Minnesota men in a multi- million-dollar scheme to transport stolen catalytic converters to buyers in several states.
November 2, 2023
Auto
Fraud
Insurance Industry
Litigation
Colorado
Minnesota
New Jersey
New York
Oklahoma
NJ Contractor Litana Development Inc. Hit with $180K Fine Over Power Line Hazards
A settlement has been reached with Litana Development Inc. for endangering workers by exposing them to high-voltage power lines at a Paterson site during 2021 and 2022.
October 23, 2023
Legislation & Regulation
Litigation
Workers' Compensation
New Jersey
