Former New Orleans Officer and Nevada Attorney Accused in Insurance Fraud Scheme
A former police officer and current attorney is accused of orchestrating an insurance fraud scheme involving inflated art valuations and false police reports.
March 3
Fraud
Insurance Industry
Liability
Litigation
California
Louisiana
Nevada
Insurance Industry Trends and Challenges Through 2040
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.
March 3
Insurance Industry
Risk Management
Technology
AI Analysis Reveals $2.15 Trillion in US Property at Risk from Wildfires
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.
February 27
Catastrophe
Insurance Industry
Property
Underwriting
California
Colorado
Kentucky
North Carolina
South Dakota
How AI and IoT Are Transforming Risk Management
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.
February 26
Catastrophe
Insurance Industry
Risk Management
Technology
Maine Stands Out as Home Insurance Rates Hold Steady Amid National Spikes
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.
February 25
Insurance Industry
Legislation & Regulation
Property
Risk Management
Maine
Massachusetts
New Hampshire
Vermont
Chegg Sues Google Over AI Overviews, Claims It Hurts Publishers and Students
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.
February 25
Arkansas
California
District Of Columbia
California Lawsuit Targets Apple Over PFAS in Watch Bands
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.
February 25
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
California
Woman Sentenced for Insurance Fraud After Claim Photos Found Online
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.
February 25
Fraud
Insurance Industry
Litigation
Risk Management
Maryland
Tampa Contractor Sentenced to 4 Years, Ordered to Pay $55M for Fraud and Safety Violations
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.
February 24
Fraud
Litigation
Risk Management
Workers' Compensation
Florida
Hackers Pull Off Record-Breaking $1.5 Billion Crypto Heist Targeting Bybit
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.
February 24
Fraud
Insurance Industry
Risk Management
Technology
Heavy Snowfall Causes Roof Collapses Across Central New York
Oswego County officials report at least 26 roof collapses following record snowfall, prompting emergency measures and rescue efforts as structural risks continue to rise.
February 24
Catastrophe
Insurance Industry
Property
Risk Management
New York
Maryland’s Crackdown on Workplace Fraud Uncovers Thousands of Misclassified Workers
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.
February 24
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
Maryland
Rising Insurance Costs and Severe Thunderstorms: How Convective Storms Are Reshaping Risk
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.
February 24
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
Florida
Georgia
Illinois
Indiana
California Drivers Targeted by Predatory Towing Scam After Accidents
A fraudulent tow truck scheme is spreading across California, with scammers seizing vehicles after crashes and demanding excessive fees before releasing them to owners.
February 21
Auto
Fraud
Legislation & Regulation
Litigation
California
Detroit Man Sentenced to Over Four Years for $1M Unemployment Fraud Scheme
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.
February 21
Fraud
Insurance Industry
Legislation & Regulation
Litigation
Maryland
Michigan
Pennsylvania
