"The Roundup” is Origami Risk’s weekly bulletin of headlines and resources impacting risk, compliance, safety, P&C insurance, and healthcare.
Mon, Jan 30 | Feds expect to collect $4.7B in insurance fraud penalties
The Biden administration estimated Monday that it could collect as much as $4.7 billion from insurance companies with newer and tougher penalties for submitting improper charges on the taxpayers’ tab for Medicare Advantage care. (continue reading)
Tues, Jan 31 | Major insurance companies drop coverage of some Hyundai, Kia vehicles after theft issues
Progressive and State Farm have dropped some older Hyundai and Kia vehicles due to their lack of anti-theft features, according to the companies and multiple reports. (continue reading)
Tues, Jan 31 | Laid-off tech workers are about to get help from Allstate
Allstate Corp. plans to tap the pool of recently fired tech workers to help the insurer overhaul its business. (continue reading)
Wed, Feb 1 | Fed raises rates by quarter point
The Federal Reserve raised its key interest rate by a quarter point, the smallest amount in almost a year, amid mounting evidence of slowing inflation. Policymakers nevertheless noted that consumer price increases "remain elevated" as they lifted the target range for the benchmark federal funds rate to between 4.5 percent and 4.75 percent. (continue reading)
Thurs, Feb 2 | Medicaid: 3M could lose health insurance
States are preparing to remove millions of people from Medicaid as protections put in place early in the COVID-19 pandemic expire. (continue reading)
Fri, Feb. 3 | Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh
Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021. (continue reading)
Supply Chain News
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Tues, Jan 31 | U.S. Pursues India as a Supply-Chain Alternative to China
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Wed, Feb 1 | Consumers Should Brace for Continued Supply Chain Disorder in 2023
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Wed, Feb 1 | US Air Force Pumps $30M Into Blockchain for Supply Chains
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Fri, Jan 3 | AI Could 'Harm the Global Financial System, Supply Chain' US Gov Guidelines Say
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Fri, Jan 3 | Boeing stock downgraded on ‘worse-than-expected’ supply-chain problems
Coronavirus News
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Tues, Jan 31 | Covid in China: Officials say the current wave is 'coming to an end'
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Wed, Feb 1 | Inflammation and Immunity Troubles Top Long COVID Suspect List
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Thurs, Feb 2 | Who Should Get a Covid Booster Now? New Data Offers Some Clarity.
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Thurs, Feb 2 | How quickly does COVID immunity fade? What scientists know