Severe convective storms are a major driver of rising insurance costs, with hail, tornadoes, and strong winds causing billions in property damage. Understanding storm patterns can help insurers manage risk effectively.

A fraudulent tow truck scheme is spreading across California, with scammers seizing vehicles after crashes and demanding excessive fees before releasing them to owners.

A Detroit man has been sentenced to 51 months in prison and ordered to pay over $900,000 in restitution for his role in a multi-state unemployment fraud scheme targeting COVID-19 relief funds.

Two individuals allegedly defrauded the Affordable Care Act by submitting false applications, leading to millions in commissions and subsidy fraud. They face multiple federal charges.

Angela Frase of Sterling, Ohio, has been sentenced to two years in prison for staging a hate crime and committing insurance fraud after setting multiple fires at her home.

A Texas man was sentenced to 157 months in federal prison for orchestrating a $4.4 million insurance fraud scheme that involved stolen client information and misdirected payments.

Tesla is recalling nearly 380,000 Model 3 and Model Y vehicles in the U.S. due to a power steering assist failure linked to older software, increasing the risk of a crash.

CLM’s Litigation Management Task Force is tackling industry-wide challenges, focusing on cost management, talent retention, and litigation guidelines to improve collaboration.

Verisk’s latest report reveals that reconstruction costs are rising at a slower pace, approaching pre-pandemic levels. Residential and commercial costs are expected to grow modestly into mid-2025.

A Georgia woman claims a fertility clinic mistakenly implanted the wrong embryo, leading her to carry and give birth to another couple’s baby. She later had to surrender the child in an emotional legal battle.

A new Insurance Research Council (IRC) report reveals that over 33% of U.S. drivers in 2023 lacked sufficient auto insurance, marking a significant increase since 2017.

Delta Air Lines is offering $30,000 to each passenger of Flight 4819, which crash-landed and flipped upside down in Toronto. Investigators are still determining the cause of the accident.

Higher interest rates and improved underwriting have helped the US property and casualty insurance industry recover in 2024, with continued growth and profitability expected in 2025.

South Carolina’s liquor liability insurance market has been unprofitable since 2017, with insurers losing $1.77 for every $1.00 earned. Claim frequency far exceeds neighboring states, intensifying concerns.

Quantum computing’s rapid advancements may challenge traditional encryption, creating new cybersecurity risks. Experts emphasize the need for proactive defenses and cyber insurance strategies.