Yuniesky Betancourt, former MLB shortstop, is charged with insurance fraud after allegedly staging a car crash to claim false injuries, facing up to 10 years in prison if convicted.
In a significant ruling, the Supreme Court decided that truck drivers do not need to be in the transportation industry to be exempt from arbitration under the Federal Arbitration Act.
Homeowners insurance rates have surged by 50% since 2019, exacerbating the financial burden on homeowners, yet this rise is missing from CPI calculations.
A recent discussion in the insurance subreddit community delved into the complexities of insurance claims involving intentional acts due to manic episodes, highlighting varying interpretations and practices across the industry.
Seasoned insurance adjusters and industry professionals raise alarms about declining integrity and growing dissatisfaction within the insurance sector.
In the wake of legislative changes, Florida Peninsula Insurance has announced a 2% reduction in premiums for homeowners and condo policies starting in July.
With the adoption of NAIC’s AI framework by seven states, insurers face the challenge of implementing comprehensive AI governance and risk management programs.