A man in the United States illegally has been sentenced to five years in federal prison for involvement in an elaborate insurance fraud scam with ties to Las Vegas.
A hardened fraudster ran a massive $18 million insurance fraud scam that involved an NYPD cop and five crooked 911 operators, prosecutors charged Thursday.
COVID-19 has revealed the expansive landscape of pandemic risk. The federal government has already committed $2.2 trillion to fund pandemic relief programs for individuals, businesses and state and local governments, just for 2020.
While outsourcing is a common strategy for businesses, carriers seeking to outsource claims management services should evaluate their options carefully, said Mike Hessling, North American CEO of Gallagher Bassett.
Blue Cross Blue Shield has reached a tentative $2.7 billion antitrust settlement to resolve claims that the insurance group’s member companies conspired to limit competition and boost prices for policyholders, a person familiar with the matter said on Thursday.
In this age of disruption, all those organizations that spent many years and lots of cash to dig beautiful trenches for their useless Three Lines of Defense are being seriously damaged.
Two thousand people in California’s Napa Valley wine growing area have been ordered to evacuate their homes, and another 3,000 have been told to prepare to, amid rapidly-spreading wildfires which have destroyed at least one winery.
In 2013, ISO introduced modifications to its standard blanket AI forms. Among several notable changes, the forms included, for the first time, a requirement that coverage for the AI would "not be broader than" the trade contract requiring AI status.
A fifth of countries worldwide are at risk from ecosystem collapse due to a decline in biodiversity, according to a new Swiss Re report. Countries around the world are reliant on services that are based on their natural ecosystems, according to the reinsurer.
Across commercial insurance, from auto liability to workers’ compensation, claims that involve a bodily injury tend to follow a common life cycle from the moment a claim is opened until the date it is resolved.
Some significant new developments have occurred in the plethora of collision repairer-insurer lawsuits consolidated before the U.S. Middle District of Florida.
Federal investigators are looking into whether a huge wildfire burning in the mountains near Los Angeles was sparked by Southern California Edison utility equipment, according to the company.
The National Council on Compensation Insurance (NCCI) released a new report on August 25 about mega claims in the workers’ compensation system and growth trends associated with the highly uncertain category, revealing that such claims are at a 12-year high.
