Monthly Archives: <span>May 2024</span>

Investigators Say Auto Insurance Fraud Ring Involved Towing, Ransom Schemes

A complex auto insurance fraud ring led to an array of charges including insurance fraud, grand theft by trick, and false impersonation, investigators say. A dozen Southern California residents are reported to have conspired to create fraudulent insurance claims to …

Lawsuit: Tesla’s Autopilot Caused Fiery Crash into Tree, Killing Colorado Man

The widow of a man who died after his Tesla veered off the road and crashed into a tree while he was using its partially automated driving system is suing the carmaker, claiming its marketing of the technology is dangerously …

Worsening Weather Igniting $25 Billion Weather Derivatives Market

Marty Malinow’s mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had …

Protecting Insurance Employees from What’s Inside the File

Insurance companies play a crucial role in providing financial protection and support to individuals and businesses in their time of need. When it comes to handling claims for catastrophic injuries or death, they must also ensure that their employees are …

Triple-I: Signs of Improvement in Florida Property Insurance Market After Reforms

Fraught with fraud and litigation abuse, the Florida insurance market is finally showing signs of stabilization amid legislative reforms passed in 2022 and 2023, according to a new Triple-I Issues Brief. The ongoing depopulation of Citizens Property Insurance Corp., the …

It’s a Matter of When, Not if, a Hurricane Will Hit Florida, Forecasters Say

With the start of hurricane season less than a month away, U.S. officials who predict, prepare for and respond to natural disasters had a message for Floridians on Friday: It’s not a matter of if a hurricane will hit, but …

Tesla Settles Factory Worker’s Sexual Harassment Lawsuit

Tesla has settled a lawsuit by a former factory employee who says she was fired for complaining about severe sexual harassment, as the electric carmaker faces a series of sex and race discrimination lawsuits. U.S. District Judge William Orrick in …

Florida Office of Insurance Fines Heritage for Ian Claims Issues

The Florida Office of Insurance Regulation in recent weeks has fined five property/casualty insurers, including Heritage Property & Casualty Insurance Co., which was hit with a $1 million penalty for failing to properly handle hundreds of claims after Hurricane Ian. …

AccuWeather Says 700-Plus Tornado Reports Filed in 2024 Above Historical Average

Approximately 700 preliminary tornado reports have been filed so far in 2024, above the historical average for this time of year, according to AccuWeather Global Weather Center. The roughly 700 preliminary tornado reports through May 9 is above the historical …

Survey Shows Half of Small Businesses Reported Claims in Last 5 Years

A bird flew into a roofer’s face broke their nose, another employee broke a foot as running from a spider, a robotic arm grabbed a worker and inflicted trauma to her chest, and a baby skunk bit someone at a …