
California Wildfires Drive Record Insurance Losses and Policy Changes
Moody's projects $30 billion in insured property losses from Los Angeles County wildfires, highlighting the challenges of insuring high-risk areas and the strain on California's FAIR plan.
January 24, 2025
Catastrophe
Legislation & Regulation
Property
Risk Management
California

New York Woman Charged with $130,000 Welfare Fraud and Insurance Scheme
A New York resident allegedly defrauded Medicaid, childcare assistance programs, and her car insurance provider by misrepresenting income and residency over several years.
January 24, 2025
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
New Jersey
New York

Historic Snowstorm Brings Chaos to US South With Record-Breaking Cold and Snowfall
A rare snowstorm dumped record amounts of snow across the US South, causing travel chaos, frozen pipes, and widespread disruptions in states unprepared for such severe winter weather.
January 24, 2025
Catastrophe
Property
Risk Management
Technology
Arkansas
Florida
Georgia
Louisiana
Oklahoma

Leveling the Playing Field with AI: Tools to Address Algorithmic Bias
Learn how to detect and mitigate bias in AI systems with practical tools and strategies, emphasizing fairness in decision-making for insurance fraud detection and beyond.
January 23, 2025
Education & Training
Fraud
Risk Management
Technology

Health Insurance Fraud Case Resolved by Austin-Based Small Group Business
An Austin-based small group health insurer settles allegations of fraudulent billing practices, emphasizing the need for transparency and ethical standards in health insurance claims.
January 23, 2025
Fraud
Legislation & Regulation
Life & Health
Risk Management
Alabama
Arizona
Arkansas
Florida
Louisiana

California School Board Trustee Indicted for Insurance Fraud and Misuse of Public Funds
A California school board trustee has been indicted for allegedly misusing public funds and filing a false insurance claim. A jury trial is set for March.
January 23, 2025
Fraud
Insurance Industry
Legislation & Regulation
Litigation
California

Court Rules Sky Betting Violated Data Laws to Target Problem Gambler
A UK court found that Sky Betting and Gaming illegally profiled a gambling addict for marketing purposes, sparking further scrutiny of data practices in the gambling industry.
January 23, 2025
Legislation & Regulation
Litigation
Risk Management
Technology

Cargo Theft Hits Unprecedented Highs in 2024, with $202K Average Loss Per Incident
Cargo theft incidents surged 27% in 2024, reaching 3,625 reported cases in the U.S. and Canada. California and Texas were hit hardest, with criminals shifting to high-value targets like electronics and copper.
January 23, 2025
Fraud
Property
Risk Management
Technology
California
Georgia
New York
Texas

U.S. Insurance Leaders Critique Treasury Report on Homeowners Coverage Trends
Industry groups criticize the Federal Insurance Office's latest report on homeowners insurance, highlighting data flaws and an overemphasis on climate risks at the expense of other market factors.
January 22, 2025
Catastrophe
Legislation & Regulation
Litigation
Property
California
Florida
Louisiana

Reforms in Louisiana Strive to Mend Insurance Market Challenges
Despite progress through legislative reforms, Louisiana's insurance market remains burdened by high costs, litigation, and affordability issues, requiring ongoing attention.
January 22, 2025
Auto
Legislation & Regulation
Litigation
Property
Florida
Georgia
Louisiana
North Carolina

AI-Powered Claims Solutions Revolutionizing Desk Adjuster Workflows
Agentic AI is reshaping claims management by automating repetitive tasks, supporting desk adjusters, and addressing challenges like workforce gaps, scalability, and customer satisfaction.
January 21, 2025
Catastrophe
Education & Training
Fraud
Technology

Record Catastrophe Bond Issuance of $17.7 Billion in 2024
Catastrophe bonds and related insurance-linked securities surged to a record $17.7 billion in issuance during 2024, driven by a robust first half and strong year-end performance.
January 21, 2025
Catastrophe
Property
Risk Management
Technology
California
Florida
Louisiana
Massachusetts
Texas

FEMA Partners with 27 Reinsurers to Transfer $758M in Flood Insurance Risk
FEMA has expanded its flood insurance reinsurance program for 2025, transferring $758 million in risk to 27 private reinsurers and covering portions of losses from catastrophic flood events.
January 21, 2025
Catastrophe
Insurance Industry
Property
Risk Management

Consumers Weigh in on AI Use in Severe Weather Insurance
A new report reveals mixed consumer opinions on insurers using AI for severe weather predictions, highlighting the need for transparency and education to build trust in these tools.
January 21, 2025
Insurance Industry
Property
Risk Management
Technology
Connecticut

Efforts Intensify to Combat Fraud Targeting Wildfire Survivors in Southern California
California authorities, including Insurance Commissioner Ricardo Lara, are addressing rising fraud cases after wildfires, deploying resources to protect survivors and prosecute scammers.
January 21, 2025
Catastrophe
Fraud
Litigation
Risk Management
California




