New data released today by the National Insurance Crime Bureau (NICB) shows a total of 22,705 vehicles were reported stolen on the 11 holidays in 2016 covered in this report. NICB theft data is pulled from the National Crime Information Center’s (NCIC) stolen vehicle file, which showed a total of 803,719 vehicle thefts for the year.
A controversial flood insurance bill has been passed in the House as Republicans overcame bipartisan opposition. This legislation will both reauthorize and overhaul the National Flood Insurance Program (NFIP).
Incumbent insurance and reinsurance firms could be relegated if tech-savvy, customer focused players like Amazon or Google decide to enter the sector in a meaningful way, and it looks like at least one of these giants is preparing its first foray.
Legal action stemming from the mass shooting at a Las Vegas concert is picking up with lawsuits filed on behalf of 14 concertgoers. The 14 civil complaints were filed together Wednesday in state court in Las Vegas. Several plaintiffs are from the Chicago area, and a Chicago law firm helped prepared the filings.
Despite how passionately a recovery professional feels about the liability existing against an adverse party, despite the plethora of support documentation, including expert reports and even obtaining the cooperation of the policyholder and the fact that you, as the subrogation representative, have attempted to utilize all of your very best negotiation skills and tactics, the adverse party refuses to settle, or even negotiate.
Evolving ransomware risks remain a significant concern for the cyber insurance market, while environmental insurers are carefully monitoring developing mold claims.
The parents of a 10-year-old-boy who flew off of a waterslide in northern California have filed a lawsuit. The boy was hurt on opening day of the Wave Water Park in Dublin, California, back in May. The parents are asking for $2.5 million in damages.
Attorneys fees would be more difficult for “bad actor” water restoration companies and their attorneys to collect from insurance companies under a bill advanced Tuesday by the state House Judiciary Committee.
Who knew high society could stoop so low! A Manhattan socialite discovered someone had stolen $1 million in precious 16th-century art from his tony Fifth Avenue home after he held a swanky soiree there Friday.
One person has died and least five others have been injured as a powerful storm raked Western Washington Monday.The fatality occurred in Renton where a tree fell onto a car with two women and a young girl inside in the 17900 block of 158th Place SE, according to Sgt. Joe Hauk with the King County Sheriff’s Office.
A handyman stole $239,000 in rare comic books and artwork from a New Jersey home he was repairing and after hawking a few items — including a $15,000 “Daredevil” issue — spent the money on an Italian vacation, cops said Monday.
DULUTH — A northeastern Minnesota county commission on Tuesday, Nov. 14, is expected to approve a lawsuit against the pharmaceutical companies that make synthetic opioids in an effort to recover some of the social and public costs from the drug addiction crisis that is rocking the nation.
The Second Circuit’s Court of Appeals’ rulings Wednesday on two cases brought by a Syracuse, N.Y., collision repairer will have a significant impact on New York repairers but touch the rest of the nation as well, an auto body repair-focused attorney predicted Monday.
As the threat from hackers and cybercriminals intensifies, a growing number of states are buying cyber insurance to protect themselves — and taxpayers. “It’s expensive. It’s a big budget item for us. But it’s absolutely worth it,” said Michael Hussey, Utah’s chief information officer. “You’re seeing breaches now that cost companies and states millions and millions of dollars.”
