A Minnesota court ruled that a cellphone repair business is not entitled to total-loss coverage for $445,000 in tenant improvements made before a fire destroyed their leased space in a commercial building.
July 8 Insurance Industry Litigation Property Risk Management Minnesota

A former New Orleans police officer faces up to 75 years in prison for orchestrating a fraudulent art heist insurance claim worth $128,500.
July 8 California Louisiana Nevada

A former Marion County Record reporter has settled a federal lawsuit for $235,000 against the head of a Kansas police department following a politically motivated raid on the newspaper’s offices.
July 8 Insurance Industry Legislation & Regulation Litigation Kansas

A Pennsylvania solicitor was arrested for an insurance fraud scheme that caused nearly $20k in roof damage to a homeowner’s property in 2023.
July 8 Fraud Insurance Industry Litigation Property Pennsylvania

Artificial intelligence is aiding insurers and employers in reducing workers comp costs by identifying difficult and fraudulent claims, but it remains a tool for claims handlers rather than a replacement.
July 8 Fraud Insurance Industry Technology Workers' Compensation California Georgia Massachusetts Missouri

CoreLogic estimates that Hurricane Beryl caused insurable losses between $400 million and $700 million in Jamaica and the Cayman Islands, with similar losses in Mexico’s Yucatan Peninsula.
July 8 Catastrophe Insurance Industry Property Risk Management

As the 2024 Paris Olympics approach, insurers brace for potential financial losses due to threats of cyber attacks, terrorism, and political protests, heightening security concerns.
July 8 Insurance Industry Risk Management

A wildfire caused by July 4 fireworks has burned 4,000 acres in New Jersey’s Wharton State Forest, with containment now at 75%.
July 8 Catastrophe Legislation & Regulation Property Risk Management New Jersey

Hurricane Beryl made landfall in Texas, bringing 90 mph winds, torrential rain, and life-threatening storm surge, leaving one person dead and over 1.5 million without power.
July 8 Catastrophe Insurance Industry Property Risk Management Texas

The 2024 State of Risk and Compliance Report by NAVEX offers valuable insights from over 1,000 global R&C professionals, highlighting trends, challenges, and the impact of leadership and technology on compliance program maturity.
July 3 Insurance Industry Risk Management Technology

Significant losses in private passenger auto and homeowners segments drive continued unprofitability for the US property/casualty insurance sector.
July 2 Auto Insurance Industry Property Risk Management

Hurricane Beryl’s rapid intensification in early July breaks records and raises concerns about future storm activity due to climate change.
July 2 Catastrophe Property Risk Management Texas

OSHA’s proposed rule aims to safeguard indoor and outdoor workers from heat-related illnesses and deaths.
July 2 Legislation & Regulation Risk Management Workers' Compensation California Colorado Maryland Minnesota Oregon

Farmers Insurance responds to claims of understaffing and overworking made by an anonymous group of in-house adjusters, following a significant increase in claims and workforce reduction.
July 2 Insurance Industry Legislation & Regulation Litigation Workers' Compensation Alabama California Florida Georgia Tennessee

An insurance adjuster uses a debtor’s own words to return a wrecked truck to his driveway, forcing the claimant to finally cooperate.
July 2 Auto Fraud Insurance Industry Litigation

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