
Innovative Insurance Solutions Are Critical as Severe Weather Intensifies
The surge in severe weather events highlights the urgent need for modern insurance strategies, as homeowners face heightened risks and coverage gaps. Tailored disaster insurance solutions can help protect against growing financial vulnerability.
September 5, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
New York

Financial Crisis Looms Over NYC’s Largest Taxi Insurer, American Transit
American Transit Insurance Co., a key insurer for NYC taxis and rideshare vehicles, faces insolvency, risking disruption for tens of thousands of drivers as regulators consider intervention.
September 4, 2024
Auto
Legislation & Regulation
Litigation
Risk Management
New York

NYC’s DCWP Secures Over $600,000 for Consumers Exploited by R.G. Ortiz Funeral Homes
The NYC Department of Consumer and Worker Protection (DCWP) has secured over $600,000 in restitution and civil penalties from R.G. Ortiz Funeral Homes for exploiting grieving consumers, particularly in Spanish-speaking communities.
August 28, 2024
Fraud
Legislation & Regulation
Life & Health
Litigation
New York

Coney Island Cyclone Closed After Mid-Ride Stop, Repairs Underway
The iconic 97-year-old Coney Island Cyclone roller coaster in Brooklyn, NY, has been closed indefinitely after a mid-ride halt caused by a damaged chain sprocket. No injuries were reported.
August 28, 2024
Liability
Property
Risk Management
New York

Atlantic Hurricane Activity Expected to Surge in September as Conditions Favor Storm Formation
Meteorologists predict an active September in the Atlantic, with up to 10 named storms potentially forming as reduced wind shear and dry air create favorable conditions for hurricane development.
August 28, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
New York
North Carolina
Pennsylvania
South Carolina

Federal Policy Conflicts Could Raise Flood Insurance Costs, Leave Thousands Unaware of Dam Risks
Conflicting federal policies hinder communities from accessing vital dam failure data, potentially raising flood insurance costs and leaving residents unaware of flood risks.
August 26, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Arizona
California
Colorado
Georgia
Minnesota

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

Managing Challenges in Late-Reported Property Claims
Late-reported property claims pose unique challenges for insurers and adjusters, particularly when determining the cause and policy period of a loss. Thorough investigations and documentation are crucial to mitigate risks of litigation and bad faith claims.
August 15, 2024
Insurance Industry
Litigation
Property
California
Florida
Louisiana
New York
Texas

Disney Cites Disney+ Fine Print in Bid to Dismiss Wrongful Death Lawsuit
Disney is attempting to dismiss a wrongful death lawsuit related to a fatal allergic reaction at one of its restaurants, arguing that the plaintiff is bound by an arbitration clause from a Disney+ trial he signed up for years earlier.
August 15, 2024
Insurance Industry
Liability
Litigation
Risk Management
Florida
New York

SEC Targets NovaTech and Leaders in $650 Million Global Crypto Scheme
The SEC has charged NovaTech Ltd. and its principals with defrauding over 200,000 investors in a $650 million crypto scheme, targeting the Haitian-American community and relying on a multi-level marketing structure to solicit funds.
August 14, 2024
Fraud
Legislation & Regulation
Litigation
Technology
California
Florida
New York

Georgia’s Auto Insurance Costs Surge, Now Among the Least Affordable in the U.S.
Georgia has become one of the least affordable states for auto insurance, with rising costs driven by factors such as legal system abuse, uninsured motorists, and increased litigation, according to a recent IRC study.
August 12, 2024
Auto
Legislation & Regulation
Litigation
Risk Management
Florida
Georgia
Louisiana
Mississippi
New York

New York Man Sues Museum of Ice Cream Over Broken Ankle from Sprinkle Pool Jump
A New York man has filed a lawsuit against the Museum of Ice Cream, alleging that the museum’s marketing and inadequate warnings led him to break his ankle after jumping into their sprinkle pool during a 2023 visit.
August 12, 2024
Liability
Litigation
Property
Risk Management
New York

Boar’s Head Faces Lawsuits Over Listeria Outbreak
Boar’s Head is facing legal challenges after a massive product recall due to potential Listeria contamination.
August 8, 2024
Life & Health
Litigation
Missouri
New York
Virginia

Homeowners Face 21% Insurance Premium Increase, Climate Change Cited as Major Factor
Homeowners insurance premiums surged by 21% from May 2022 to May 2023, largely due to severe weather events driven by climate change, leaving many homeowners with limited options.
July 29, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
California
Colorado
Florida
Idaho
Louisiana

Premium Renewal Rates Increase Across Major Commercial Lines Except Workers’ Compensation
The Q2 2024 Ivans Index reveals an overall increase in premium renewal rates for major commercial insurance lines, with Workers’ Compensation as the exception, showing a year-over-year decrease.
July 25, 2024
Auto
Insurance Industry
Property
Workers' Compensation
Mississippi
Nebraska
New York
Texas
Wisconsin



