A New York court dismissed a homeowner's breach of contract claim for delayed filing, ruling that the lawsuit, filed almost seven years after project completion, was beyond the six-year statute of limitations for construction defect claims. Pandemic-related deadline extensions could not save the case.

Tesla recalls 2,400 Cybertrucks in the U.S. over a faulty driver inverter that could cause loss of power, raising crash risks. This latest issue, which affects Cybertrucks manufactured through July 30, follows several other recalls issued in 2024.

Four Southern California residents were arrested on suspicion of insurance fraud after allegedly submitting false claims that their cars were damaged by a bear, which officials say was a person in a bear costume.

Insurance claims in Florida from Hurricanes Helene and Milton have reached $4.775 billion, up $169 million from last week's total. The storms have left extensive residential and commercial property damage, according to the Office of Insurance Regulation.

Earnix's 2024 Trends Report reveals insurers are increasingly adopting AI for real-time data analytics while confronting hurdles like legacy system upgrades, regulatory compliance, and operational delays. Insights highlight insurers' progress and gaps as they navigate technology-driven transformation.

A new Swiss Re Institute study reveals that proactive flood preparedness, from resilient infrastructure to policy measures, could substantially reduce economic losses, protecting both insurers and policyholders. The research highlights cost-effective flood adaptation methods and the potential for public-private partnerships in climate adaptation efforts.

Progressive is embroiled in a class-action lawsuit alleging that it unlawfully refused to offer collision insurance to Massachusetts drivers, potentially impacting hundreds and sparking questions about legal compliance.

A Denver police officer has been arrested and fired amid allegations of pre-employment insurance fraud related to a hit-and-run claim. The tip that led to the investigation reportedly came from her ex-boyfriend, leading to a criminal investigation and pending charges.

A Geneva Association survey finds a growing insurance gap among Gen Z, migrants, and low-income earners in developed nations. This gap reflects affordability concerns and a need for tailored, accessible policies to boost financial resilience across underserved demographics.

As cyber threats evolve, outdated security service edge (SSE) solutions may fail to provide the protection, performance, and cost-efficiency modern businesses need. Here are the top indicators that your SSE platform might need an upgrade to stay effective.

Early November storms, including tornadoes, flooding, and wildfires, caused extensive damage across multiple states, leaving insurers facing substantial losses and highlighting the rising frequency of severe weather events across the US.

An appellate court in California reversed a significant asbestos exposure verdict, allowing a sophisticated user defense, and remanded the case to address unresolved allocation of fault and offset issues, providing guidance on future damage recovery for the plaintiff's loss of consortium.

A Brooklyn man faces multiple charges after allegedly staging a car accident on the Belt Parkway, an event captured on dash cam that went viral on social media. Authorities say the incident endangered lives and remains under investigation for additional suspects.

In a new study, 35% of parents admit to "fronting" on car insurance policies for young drivers to save on rising premiums. Although common, fronting is illegal and can result in fines, policy cancellation, or criminal charges.

A federal judge dismissed a lawsuit accusing Danone of misleading consumers with Evian's 'natural' label, despite claims that plastic micro-particles seep into the water from its packaging. The ruling cited FDA guidelines that focus on the water's source, not microplastic content.