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Category: Regulatory / Legal

Regulatory / Legal


Regulatory / Legal

Massive insurance fraudster hit with new state grand jury indictments

June 29, 2022

Via: Insurance Business

New South Carolina grand jury indictments have been filed against controversial insurance fraud attorney Alex Murdaugh and his alleged accomplice Curtis Eddie Smith. Murdaugh, 54, is currently in jail on a $7 million bond following more than 70 criminal charges […]


Regulatory / Legal

Florida insurance regulator sets 2022 rates for Citizens Property Insurance

June 27, 2022

Via: Insurance Business

Florida’s Office of Insurance Regulation (OIR) has established the personal property and commercial property insurance rates of Citizens Property Insurance Corporation – the state-backed insurer of last resort – for 2022. The OIR held a virtual public rate hearing to […]


Regulatory / Legal

How to Lower Home Insurance Premiums and Wildfire Risks

June 24, 2022

Via: Insurance Journal

Homeowners in the US got new guidance to help them defend against increasingly frequent wildfires and associated rising insurance premiums. The Insurance Institute for Business & Home Safety, a research nonprofit funded by insurers, announced it has developed the first […]


Regulatory / Legal

‘Well-to-Do’ Investment Firm Head Charged in $300,000 South Florida Insurance Fraud

June 23, 2022

Via: Insurance Journal

The head of a small, South Florida investment firm has been charged with insurance fraud after he submitted a $300,000 roof-leak claim to his insurer, American International Group, along with allegedly fake photos of mold and other damage to his […]


Regulatory / Legal

London council calls on Flood Re to expand coverage

June 17, 2022

Via: Reinsurance News

Westminster Council has called on UK government reinsurer Flood Re to be expanded due to its ‘restrictive criteria’ making it unavailable to private renters or properties with four flats or more. As reported by London’s Evening Standard newspaper, the council […]


Regulatory / Legal

“Several quarters” before benefits of Florida reforms show: CaseGlide CEO

June 15, 2022

Via: Artemis BM

The insurance and reinsurance industry would have welcomed “reforms that helped the industry today” in Florida’s property insurance market, according to the CEO of CaseGlide, as notices of intent to litigate claims rose 10% in the state in May. That’s […]


Regulatory / Legal

Twenty-three people charged in massive life insurance scam

June 6, 2022

Via: Insurance Business

A federal grand jury in Chicago has charged 23 people with participating in an insurance fraud scheme that allegedly bilked 10 life insurance carriers out of at least $26 million in benefits. The defendants allegedly submitted fraudulent applications in order […]


Regulatory / Legal

Vermont captive insurance reforms signed into law

June 6, 2022

Via: Reinsurance News

State Governor Phil Scott has signed new legislation into law that aims to modernize Vermont’s captive insurance statutes and remove inconsistencies. This year’s bill proposed several updates to Vermont’s captive insurance law, including the ability for captive insurance companies to […]


Regulatory / Legal

Ex-Ohio Insurance Agent Arrested for Defrauding Customers

June 3, 2022

Via: Insurance Journal

A former Ohio insurance agent was arrested June 2 on federal charges alleging he defrauded dozens of victims in the Cincinnati and Dayton area and fraudulently obtained two COVID Paycheck Protections Program loans. Seneca Birchmore, 44, of Cincinnati, lost his […]


Regulatory / Legal

High-Speed Lawmaking: Florida Governor Quickly Signs Insurance, Condo Reform Bills

May 27, 2022

Via: Insurance Journal

Florida Gov. Ron DeSantis signed property insurance and condominium maintenance reform legislation into law Thursday, putting an exclamation point on a whirlwind of lawmaking that began just a week ago when the bills were drafted and filed. “This package represents […]