Natural Catastrophe Insurance Losses Could Hit $145 Billion in 2025 as Peak Loss Risk Grows
Global catastrophe insurance losses are projected to grow steadily, with a 1-in-10 chance of topping $300 billion in 2025, driven by climate change, urbanization, and rising exposure values.
April 29
Catastrophe
Insurance Industry
Property
Risk Management
Federal Court Rules Health Insurers in New Mexico Do Not Have to Cover Medical Marijuana Costs
A federal court ruled that New Mexico health insurers are not obligated to cover medical marijuana, highlighting conflicts between state mandates and federal regulations.
April 28
Insurance Industry
Legislation & Regulation
Life & Health
Litigation
New Mexico
2025 Southeast Texas Hurricane Guide Released for Upcoming Season
The National Weather Service Houston/Galveston office has published the 2025 Hurricane and Severe Weather Guide, offering Southeast Texas residents crucial preparedness tips for the season ahead.
April 28
Catastrophe
Insurance Industry
Property
Risk Management
Texas
States in Hurricane Zones Face Bigger Disaster Costs as Federal Support Shrinks
States like Maryland are preparing for a busier hurricane season with fewer FEMA resources after nationwide cuts to disaster mitigation funding and staffing.
April 28
Catastrophe
Legislation & Regulation
Property
Risk Management
Maryland
Four Charged in Southern California Workers Compensation Fraud Scheme
California officials charged four people with felony conspiracy and unlawful referrals in a $14.5 million workers’ compensation fraud scheme targeting Spanish-speaking workers.
April 28
Fraud
Insurance Industry
Legislation & Regulation
Workers' Compensation
California
How Property and Casualty Insurers Can Combat Fraud with AI-Driven Multimodal Technologies
Property and casualty insurers can leverage AI-powered multimodal fraud detection to protect their bottom lines, lower costs for policyholders, and reduce fraudulent claims.
April 28
Fraud
Insurance Industry
Property
Technology
Final Defendant Receives Sentencing in $300K Pennsylvania Auto Insurance Fraud Case
Three individuals sentenced for running a Cumberland County auto insurance scam involving identity theft, fraudulent claims, and over $300,000 in illegal payouts.
April 28
Auto
Fraud
Insurance Industry
Litigation
Pennsylvania
Georgia Fraud Investigation Results in Over 180 Felony Charges Against Eight Individuals
Authorities in Chatham County charged eight people with over 180 felonies after they allegedly used an elderly victim’s personal information to commit identity theft and insurance fraud.
April 28
Fraud
Insurance Industry
Litigation
Risk Management
North Carolina
Trump Administration Eases Crash Reporting Rules for Partial Self-Driving Cars, Boosting Tesla
New federal rules will reduce crash reporting requirements for Level 2 self-driving vehicles, a change expected to benefit Tesla while raising transparency concerns.
April 28
Auto
Legislation & Regulation
Risk Management
Technology
Vehicle Thefts Drop to Historic Low in 2024
The U.S. saw fewer than one million vehicle thefts in 2024—a 16.7% drop from 2023 and the biggest decline in four decades, with Kia and Hyundai models leading theft stats.
April 23
Auto
Fraud
Property
Risk Management
How Certificates of Insurance Help Fight Freight Fraud in the Supply Chain
Freight fraud is rising, costing companies millions. Requiring and verifying certificates of insurance is proving vital for reducing risk and increasing trust across the supply chain.
April 23
Fraud
Insurance Industry
Risk Management
Technology
Iowa
Nevada
Insurance Brokerage Executive Admits Role in $133M ACA Fraud Scheme Targeting Federal Subsidies
A Florida insurance executive admitted to orchestrating a $133 million scheme involving fraudulent ACA enrollments to collect commissions from taxpayer-funded health plan subsidies.
April 23
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Florida
Two Pennsylvania Women Charged with Filing False Insurance Claims After Alleged Fake Hit-and-Run
Authorities allege two women from eastern Pennsylvania fabricated a hit-and-run accident in Hanover to file fraudulent insurance claims worth $30,000.
April 23
Fraud
Insurance Industry
Liability
Litigation
Pennsylvania
Virginia
New Jersey Wildfire Grows to 8,500 Acres as Evacuations and Power Outages Mount
The Jones Road Wildfire near Toms River has burned 8,500 acres with less than 10% containment, prompting evacuations and threatening over 1,000 structures in Ocean County, New Jersey.
April 23
Catastrophe
Insurance Industry
Property
Risk Management
New Jersey
FBI Reports Global Cybercrime Losses Surpass $16 Billion in 2024
Cybercrime cost victims over $16 billion last year, driven by online scams like phishing and tech support fraud, with most complaints originating from the U.S.
April 23
Fraud
Insurance Industry
Risk Management
Technology
