A former police officer and current attorney is accused of orchestrating an insurance fraud scheme involving inflated art valuations and false police reports.
A global survey of over 500 insurance executives reveals how AI, climate risks, cybersecurity, and evolving market dynamics are shaping the industry’s future through 2040.
A new AI-driven study by ZestyAI finds that $2.15 trillion worth of U.S. residential property is at high risk of wildfire damage, affecting millions of homes beyond historically fire-prone regions.
AI, IoT, and blockchain are revolutionizing risk management by enabling insurers to predict and prevent losses, reducing costs and improving safety through real-time data analysis.
While home insurance premiums rise across the U.S., Maine has maintained stability, experiencing a rate decrease in 2024. Geography and low disaster risk contribute to its resilience.
Chegg, an online education company, has sued Google, alleging that its AI-generated search overviews undermine publishers by reducing traffic and profits, harming digital content creators.
Two California residents filed a class action lawsuit against Apple, alleging the company misrepresented the health risks of PFAS chemicals used in its Apple Watch bands.
Rhonda Keisha Powell of Upper Marlboro, Maryland, has been sentenced to 45 days in jail for felony insurance fraud after investigators discovered that photos she submitted with her claim were easily found on the internet.
A Tampa-based contractor was sentenced to four years in prison and ordered to pay over $55 million in restitution for fraud, tax evasion, and workplace violations that led to an employee’s death.
Bybit, a major cryptocurrency exchange, suffered the largest crypto heist in history as hackers stole $1.5 billion in digital assets. Analysts link the attack to North Korea’s Lazarus Group.
Oswego County officials report at least 26 roof collapses following record snowfall, prompting emergency measures and rescue efforts as structural risks continue to rise.
Maryland’s Joint Enforcement Task Force on Workplace Fraud identified over 5,500 misclassified workers in 2024, recovering millions in lost wages and tax revenue while proposing stronger enforcement measures.
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.