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Verisk: U.S. Property and Casualty Industry Combined Ratio Improves to 92.4%

Verisk: U.S. Property and Casualty Industry Combined Ratio Improves to 92.4%

Improved personal auto results and lower catastrophe losses helped U.S. property and casualty insurers return to strong underwriting profitability. Claims severity and litigation-related costs remain significant concerns for carriers.
June 23 Auto Catastrophe Insurance Industry Legislation & Regulation Litigation

Apple and Tesla Data Exposed in Massive Electronics Cyber Breach

Apple and Tesla Data Exposed in Massive Electronics Cyber Breach

A ransomware group claims it leaked more than 630GB of files stolen from Tata Electronics, triggering questions about supply chain cyber risk, intellectual property exposure, and insurance coverage obligations.
June 23 Insurance Industry Risk Management Technology Underwriting

What Claims Professionals Need to Know About the 2026 Hurricane Season

What Claims Professionals Need to Know About the 2026 Hurricane Season

Forecasters expect fewer Atlantic storms due to El Niño conditions, but growing property values, flood coverage gaps and elevated catastrophe exposure continue to challenge insurers, brokers and claims professionals.
June 22 Catastrophe Insurance Industry Property Risk Management Technology

Houston-Area Clinic Owner Accused in $906 Million Medicare and Tricare Fraud Scheme

Houston-Area Clinic Owner Accused in $906 Million Medicare and Tricare Fraud Scheme

Federal prosecutors allege a Houston-area clinic owner and co-conspirators submitted hundreds of millions of dollars in fraudulent Medicare and Tricare claims tied to medically unnecessary allograft procedures. Investigators say the scheme generated nearly $300 million in government payments and involved kickbacks and patient referrals.
June 22 Fraud Insurance Industry Legislation & Regulation Life & Health California Hawaii Nevada Texas

AI-Powered Health Insurance Fraud Forces Carriers to Strengthen Defenses

AI-Powered Health Insurance Fraud Forces Carriers to Strengthen Defenses

Health insurers are investing in voice authentication, deepfake detection, and advanced analytics as criminals use AI-generated records, synthetic identities, and automated calls to exploit healthcare systems.
June 22 Fraud Insurance Industry Life & Health Risk Management Technology

Moody’s: US Uninsured Flood Losses Could Top $1 Trillion as Flood Protection Gap Widens

Moody’s: US Uninsured Flood Losses Could Top $1 Trillion as Flood Protection Gap Widens

A Moody's analysis found that uninsured residential flood losses could exceed $1 trillion in an extreme flood scenario, with most counties carrying significant protection gaps and growing exposure beyond FEMA flood maps.
June 22 Catastrophe Insurance Industry Property Risk Management Technology

Adjuster Shortage Accelerates AI Adoption Across Insurance Claims Operations

Adjuster Shortage Accelerates AI Adoption Across Insurance Claims Operations

As experienced adjusters retire and hiring challenges persist, insurers are deploying AI to improve correspondence, training, quality control, and claims handling capacity while keeping decision-making in human hands.
June 22 Education & Training Insurance Industry Risk Management Technology

79% of Global Data Center Capacity Faces Elevated Climate Risk

79% of Global Data Center Capacity Faces Elevated Climate Risk

As data center construction accelerates worldwide, new research finds that flood, heat, wildfire, wind, and drought exposures are becoming significant drivers of operating costs, insurance demand, and long-term asset performance.
June 22 Catastrophe Insurance Industry Property Risk Management Technology Virginia

Novo Nordisk Rejects $25M Ransom After Hackers Steal 1.3TB of Sensitive Data

Novo Nordisk Rejects $25M Ransom After Hackers Steal 1.3TB of Sensitive Data

Hackers claim they spent more than two months inside the pharmaceutical company's network before stealing 1.3 terabytes of data. The breach highlights growing cyber extortion risks facing large organizations and their insurers.
June 19 Insurance Industry Liability Risk Management Technology

Hypothetical Category 4 Hurricane Reveals Hawaii’s Catastrophic Risk Exposure

Hypothetical Category 4 Hurricane Reveals Hawaii’s Catastrophic Risk Exposure

A Hawaii weather team's simulation of a direct hurricane strike on Pearl Harbor highlights the potential for catastrophic wind damage, storm surge losses, and major challenges for emergency responders, insurers, and property owners.
June 19 Catastrophe Insurance Industry Property Risk Management Hawaii

Pennsylvania Supreme Court Allows Physician Referrals to Pharmacies They Own

Pennsylvania Supreme Court Allows Physician Referrals to Pharmacies They Own

A Pennsylvania Supreme Court ruling found that the state's workers' compensation self-referral law does not apply to pharmacies, allowing physicians to refer injured workers to pharmacies in which they have a financial interest. The decision could fuel ongoing disputes over prescription drug costs and billing practices.
June 19 Fraud Insurance Industry Legislation & Regulation Workers' Compensation Pennsylvania

McBee Dynasty Star Faces 2027 Trial Over Alleged Fraudulent Asset Transfers

McBee Dynasty Star Faces 2027 Trial Over Alleged Fraudulent Asset Transfers

Federal prosecutors allege reality television personality and convicted crop insurance fraud defendant Steve McBee transferred valuable business interests to his sons while under investigation. The family disputes the claims and argues the transfers followed long-established trust practices.
June 19 Fraud Insurance Industry Litigation Risk Management Missouri Nebraska South Dakota

Hurricane Center Raises Odds of First Tropical Storm Forming in Gulf

Hurricane Center Raises Odds of First Tropical Storm Forming in Gulf

The National Hurricane Center increased development odds for a disturbance expected to move into the Gulf, with flooding concerns growing for Texas, Louisiana, and Mississippi and tropical watches potentially needed this week.
June 15 Catastrophe Insurance Industry Property Risk Management Louisiana Mississippi Texas

SpaceX IPO Raises Novel Insurance Question About Elon Musk Risk

SpaceX IPO Raises Novel Insurance Question About Elon Musk Risk

SpaceX's public filings place extraordinary emphasis on Elon Musk's role in the company's value. A new legal analysis argues that investors may have a legitimate insurable interest in his continued life under Texas law, raising broader questions about key person risk and insurance capacity.
June 12 Insurance Industry Legislation & Regulation Litigation Risk Management Underwriting

Claims AI Adoption Depends on Adjuster Buy-In, Not Technology Alone

Claims AI Adoption Depends on Adjuster Buy-In, Not Technology Alone

Two claims leaders explain why leadership support, adjuster trust, and workflow integration matter more than the AI purchase itself when deploying claims technology.
June 12 Catastrophe Education & Training Insurance Industry Litigation Risk Management
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