California Defense Firm and Investor Settle Cybersecurity Violations for $1.75 Million
Aero Turbine and Gallant Capital will pay $1.75 million to resolve False Claims Act allegations tied to cybersecurity failures in an Air Force contract from 2018 to 2020.
August 5
Insurance Industry
Litigation
Risk Management
Technology
California
What Golden Retrievers Are Teaching Us About Wildfire Smoke Exposure
A new study on golden retrievers reveals how wildfire smoke impacts pet and human health, with implications for insurance costs, coverage, and long-term risk management.
August 5
Insurance Industry
Life & Health
Property
Risk Management
California
Colorado
Oregon
California FAIR Plan Faces Legal Action Over Alleged Smoke Damage Claim Denials
California’s insurance commissioner accuses the FAIR Plan of violating claims laws and misleading regulators over wildfire smoke damage coverage, sparking a rare enforcement case.
August 4
Catastrophe
Legislation & Regulation
Litigation
Property
California
Colorado
Former Insurance Agent Accused of Defrauding Clients in Fake Marijuana Investment Scheme
A former insurance agent in California has been charged with stealing over $1.8 million from clients in a fraudulent cannabis investment scheme called ‘House of Green.’
August 1
Fraud
Insurance Industry
Legislation & Regulation
Litigation
California
Rising Litigation Costs and Tort Reform Momentum Shape Liability Claims in 2025
Tort reform efforts in states like Georgia and Florida are reshaping the liability claims landscape in 2025, as litigation costs soar and attorney involvement rises rapidly.
August 1
Insurance Industry
Legislation & Regulation
Liability
Litigation
California
Delaware
Florida
Georgia
Louisiana
US Natural Disasters Push Insured Losses to $80 Billion in First Half of 2025
Munich Re reports $80B in insured losses globally for H1 2025, largely due to record-setting wildfires in Los Angeles and widespread US storm activity earlier this year.
July 29
Catastrophe
Insurance Industry
Property
Risk Management
California
Record Catastrophe Losses Continue into 2025 as Wildfires and Storms Surge
Willis reports that 2025 is on track to exceed $100 billion in insured catastrophe losses for the seventh consecutive year, with wildfires and storms driving early-year impacts.
July 29
Catastrophe
Insurance Industry
Property
Risk Management
California
Insurers Refuse to Cover Meta in Lawsuits Over Alleged Social Media Addiction
Meta is locked in a legal dispute with insurers including Hartford and Chubb, who argue they’re not obligated to cover defense costs tied to social media addiction claims.
July 28
Insurance Industry
Liability
Litigation
Technology
California
Delaware
NYC Taxis Use Surveillance Technology to Fight Back Against Insurance Fraud
With taxi fraud costing NYC $1 billion annually, a new initiative is equipping cabs with surveillance cameras to deter scams and lower costs for drivers and insurers.
July 25
Auto
Fraud
Insurance Industry
Technology
California
New York
California Wildfire Claims Could Drain $21 Billion Insurance Fund Amid Investigation
As insurance losses from the Eaton Fire mount, California’s wildfire fund faces depletion, with scrutiny intensifying over Southern California Edison’s potential liability.
July 25
Catastrophe
Litigation
Property
Subrogation
California
Clorox Sues Cognizant Over Password Failures in 2023 Cyberattack
Clorox claims Cognizant failed basic security protocols, allowing hackers to access its network during a 2023 cyberattack that led to $380 million in damages.
July 23
Insurance Industry
Litigation
Risk Management
Technology
California
Mother and Son Sentenced to Prison for $150K Inmate Unemployment Fraud Scheme
A Modesto man and his mother from Turlock were sentenced for using prison inmates’ identities to steal over $150,000 in fraudulent pandemic unemployment claims.
July 21
Fraud
Insurance Industry
Legislation & Regulation
Litigation
California
Former Insurance Executive Admits Role in Fraud That Led to Collapse of Two Companies
Jasbir Thandi admitted to falsifying financial records and misappropriating funds, resulting in over $20 million in losses and the failure of two insurance carriers.
July 21
Fraud
Insurance Industry
Legislation & Regulation
Litigation
California
Texas
Vermont
U.S. Wildfires and Storms Push Global Insured Catastrophe Losses to $100 Billion in First Half of 2025
Aon’s midyear catastrophe recap shows $100 billion in insured losses—second-highest ever—driven by U.S. wildfires, convective storms, and a costly earthquake in Myanmar.
July 17
Catastrophe
Insurance Industry
Property
Risk Management
California
Missouri
Reinsurance Market Turns Favorable for Buyers as Capital Surges in Midyear 2025 Renewals
Record reinsurer capital and strong insurer performance are driving lower rates and broader coverage in the 2025 midyear reinsurance renewals, Aon reports.
July 10
Catastrophe
Litigation
Property
California
Florida
