Record-Breaking Insured Losses in 2025 Highlight Growing Impact of U.S. Wildfires and Storms
The first half of 2025 brought $84 billion in insured catastrophe losses, driven by U.S. wildfires and severe convective storms, making it the costliest H1 since 2011.
August 14
Catastrophe
Insurance Industry
Property
Risk Management
California
Florida
New Jersey
New York
North Carolina
Father and Son Found Guilty of Arson and Insurance Fraud in Michigan Restaurant Fire
A jury convicted the co-owners of Charlie’s Family Grill of arson and insurance fraud after fires destroyed their White Cloud restaurant and garage in early 2023.
August 14
Fraud
Insurance Industry
Litigation
Property
Michigan
Fake Slip and Fall on Banana Peel at Goodwill Leads to Insurance Fraud Charge
A staged fall in a Goodwill parking lot, falsely blamed on a banana peel and later a broken lighter, has led to an insurance fraud charge following a months-long investigation.
August 14
Fraud
Insurance Industry
Litigation
Property
Weird
Connecticut
Aon Sued Over Alleged Fraud in Vesttoo Credit Insurance Dealings
A creditor trust for bankrupt AI firm Vesttoo has sued Aon, claiming the broker committed fraud while promoting credit insurance linked to a failed funding scheme.
August 14
Fraud
Insurance Industry
Litigation
Risk Management
Tropical Storm Erin on Track to Become Hurricane with Impacts Likely in Northern Caribbean
Tropical Storm Erin may strengthen into a hurricane by Friday, with potential impacts including high surf and rip currents in the northern Leeward Islands, Virgin Islands, and Puerto Rico.
August 14
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Historic Oregon Hotel in Foreclosure After Owners Report Major Fraud Losses
The century-old Prospect Hotel near Crater Lake closed after alleged embezzlement by a trusted associate left owners facing lawsuits, loan defaults, and bank garnishment.
August 11
Fraud
Insurance Industry
Litigation
Property
Oregon
Columbia University Data Breach Impacts 870,000 People With Personal, Academic, and Financial Details Exposed
Columbia University reports a cyberattack compromising personal, academic, and financial data of nearly 870,000 individuals, with investigations and notifications ongoing.
August 11
Education & Training
Insurance Industry
Risk Management
Technology
California
Maine
NOAA Maintains Above-Normal Hurricane Season Outlook With Updated 2025 Forecast
NOAA’s updated 2025 Atlantic hurricane forecast still calls for above-normal activity, with 13-18 named storms expected and up to five major hurricanes possible.
August 8
Catastrophe
Legislation & Regulation
Property
Risk Management
Why Maryland Has the Highest Car Insurance Rates in the Nation
Maryland drivers pay the highest auto insurance rates in the U.S., with premiums driven by urban congestion, repair costs, extreme weather, and frequent claims.
August 7
Auto
Property
Risk Management
Technology
Maryland
Mastering Property Claim Investigations with Subject Matter Experts
A guide to working effectively with subject matter experts in property claims—from basic investigations to litigation-ready forensic reports and cost analyses.
August 7
Education & Training
Litigation
Property
Risk Management
Breaking Down Data Barriers to Strengthen AI Risk Management
Insurers, tech companies, and businesses must securely share data and align strategies to manage AI risks, prevent losses, and support responsible innovation.
August 7
Insurance Industry
Liability
Risk Management
Technology
Former Insurance Agent Charged in $250K Life Insurance Scam Targeting Multiple States
A former Connecticut insurance agent allegedly defrauded nine victims across multiple states through fake policies, forged documents, and impersonated professionals.
August 5
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Connecticut
New Hampshire
Fraud Strikes Over One-Third of Americans Impacted by Natural Disasters, AICPA Survey Reveals
A new AICPA survey finds 37% of Americans impacted by natural disasters experienced fraud, with identity theft and contractor scams among the top reported schemes.
August 5
Catastrophe
Fraud
Insurance Industry
Risk Management
California Defense Firm and Investor Settle Cybersecurity Violations for $1.75 Million
Aero Turbine and Gallant Capital will pay $1.75 million to resolve False Claims Act allegations tied to cybersecurity failures in an Air Force contract from 2018 to 2020.
August 5
Insurance Industry
Litigation
Risk Management
Technology
California
Insurers Race to Understand AI Risks as Automation Reshapes Liability
As AI transforms industries and increases systemic risk, insurers are racing to develop policies for algorithmic failures, liability questions, and regulatory compliance.
August 5
Insurance Industry
Liability
Risk Management
Technology
