The insurance industry is navigating complex challenges to digitize payments, improve claims satisfaction, and meet the rising expectations of policyholders and vendors.
A technical glitch in Lemonade’s auto quote system led to the exposure of nearly 190,000 driver’s license numbers, highlighting cybersecurity risks in digital insurance platforms.
A Friendswood, Texas woman says she lost nearly $9,000 after paying premiums via Venmo to a former insurance agent who had already surrendered his license.
Dog bites led to $1.57 billion in homeowners liability claims in 2024 as insurers reassess coverage, with states like California and New York topping the list for cost and volume.
Authorities in Kittitas County, WA are searching for a suspect accused of staging a fall in a grocery store to file false insurance claims totaling nearly $10,000.
Workers’ comp fraud in New York rose nearly 30% in 2024, with 14 arrests and over $1.4 million in restitution returned to agencies, insurers, and employers.
A Des Plaines couple discovered over $84,000 in fraudulent lab charges on their health insurance, highlighting a growing scheme of phantom billing and data theft in healthcare.
California officials charged five defendants, including former insurance agents, in a life insurance fraud scheme involving fake policies and stolen commissions totaling over $1.4 million.
Agentic AI agents are reshaping property claims handling by helping adjusters automate routine tasks, reduce cycle times, and focus on customer-centric problem-solving.
As natural catastrophe and extreme weather losses escalate globally, insurers, developers, and financiers must rethink risk management to keep renewable energy projects insurable and bankable.
A Missouri man who staged nighttime auto accidents and faked injuries to collect insurance payouts has been sentenced to 18 months in federal prison and ordered to pay restitution.
Delaware regulators fined three Liberty Mutual companies $300,000 for advertising homeowners and auto insurance discounts not available to policyholders in the state.
Buffalo Trace Distillery in Kentucky is cleaning up and inspecting barrels after severe flooding, with plans to resume bottling and reopen its visitor center soon.
As billion-dollar weather disasters escalate, combining parametric and traditional insurance offers a faster, more adaptive recovery solution for policyholders across the U.S.
Two South Florida men face federal charges for allegedly conspiring to sell forged Andy Warhol artwork using fake invoices and fraudulent authentication documents.