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Insurance Companies Face Growing Cyber Risks from Third-Party Attacks

Insurance Companies Face Growing Cyber Risks from Third-Party Attacks

The insurance industry is facing increasing cyber threats, with 59% of breaches among the top 150 insurance companies stemming from third-party attack vectors. These vulnerabilities highlight the need for stronger supply chain security.
February 6, 2025 Insurance Industry Liability Risk Management Technology

Allstate Projects $900 Million in Reinsurance Recoveries from LA Wildfires

Allstate Projects $900 Million in Reinsurance Recoveries from LA Wildfires

Allstate anticipates recovering $900 million through its reinsurance program after estimating $2 billion in gross losses from the Los Angeles wildfires. This will result in a net loss of $1.1 billion for the insurer.
February 6, 2025 Catastrophe Insurance Industry Property Risk Management California

Uber Not Liable for Driver’s Assault on Passenger, Judge Rules

Uber Not Liable for Driver’s Assault on Passenger, Judge Rules

A federal judge ruled that Uber isn’t liable for an assault by one of its drivers, dismissing a passenger’s lawsuit. The court found no evidence that Uber knew of the driver’s violent tendencies.
February 6, 2025 Insurance Industry Legislation & Regulation Liability Litigation Pennsylvania

Tort Costs Rising Faster Than Inflation and GDP, Study Finds

Tort Costs Rising Faster Than Inflation and GDP, Study Finds

A new study from the Institute for Legal Reform reveals that U.S. tort costs have risen at an annual rate of 7.1% from 2016 to 2022, exceeding both inflation and GDP growth.
February 6, 2025 Insurance Industry Legislation & Regulation Liability Litigation Alaska California Delaware Florida Louisiana

Super Bowl Monday Absenteeism To Hit Record High

Super Bowl Monday Absenteeism To Hit Record High

As millions of football fans tune in for Super Bowl LIX, a record-breaking 22.6 million U.S. employees are expected to miss work the following Monday. Employers must plan ahead to address absenteeism, productivity dips, and workplace engagement challenges.
February 5, 2025 Insurance Industry Legislation & Regulation Risk Management Workers' Compensation

Boston Proposes Permit Requirement for Food Delivery Apps

Boston Proposes Permit Requirement for Food Delivery Apps

A proposed ordinance would require food delivery services like DoorDash and UberEats to obtain a city permit, carry insurance for drivers, and share delivery data with officials.
February 5, 2025 Insurance Industry Legislation & Regulation Liability Risk Management Massachusetts

Connecticut Man Arrested in $50K iPhone Insurance Fraud Scheme

Connecticut Man Arrested in $50K iPhone Insurance Fraud Scheme

A Connecticut man was arrested following an investigation into a fraudulent iPhone insurance scheme that involved the use of mules and fake claims to obtain replacement devices.
February 4, 2025 Fraud Insurance Industry Litigation Technology Connecticut

How Staged Accidents May Be Driving Up Uber Ride Costs

How Staged Accidents May Be Driving Up Uber Ride Costs

Allegations of staged accidents and fraudulent medical claims in New York could be inflating Uber ride prices by driving up insurance costs for rideshare drivers.
February 4, 2025 Auto Fraud Insurance Industry Litigation New York

Charlotte Man Charged with Insurance Fraud Over False Deer Collision Claim

Charlotte Man Charged with Insurance Fraud Over False Deer Collision Claim

A Charlotte man faces a felony insurance fraud charge after allegedly misrepresenting how his vehicle was damaged, claiming a deer strike instead of a hit-and-run crash.
February 4, 2025 Auto Fraud Insurance Industry Legislation & Regulation North Carolina

Rising Insurance Costs Challenge Multifamily Housing Industry

Rising Insurance Costs Challenge Multifamily Housing Industry

Severe storms, rising construction costs, and increased litigation are driving insurance rates higher for apartment owners, forcing them to adjust coverage, reduce claims, and rethink investment strategies.
January 31, 2025 Insurance Industry Legislation & Regulation Property Risk Management California

Billions Paid in LA County Wildfire Claims as Recovery Continues

Billions Paid in LA County Wildfire Claims as Recovery Continues

Insurance companies have paid $4.2 billion to policyholders affected by the Eaton and Palisades fires in Los Angeles County. Over 31,000 claims have been filed, with more payments expected as recovery progresses.
January 31, 2025 Catastrophe Insurance Industry Risk Management California

Pennsylvania Man Sentenced to Prison for $1.4 Million Insurance Fraud Scheme

Pennsylvania Man Sentenced to Prison for $1.4 Million Insurance Fraud Scheme

Former insurance claims handler James Keating received a 20-month prison sentence for defrauding Allied World Insurance out of more than $1.4 million through shell companies and kickbacks.
January 30, 2025 Fraud Insurance Industry Litigation Risk Management Connecticut Pennsylvania

Maryland Insurance Administration Recovers Over $33 Million for Policyholders in 2024

Maryland Insurance Administration Recovers Over $33 Million for Policyholders in 2024

The Maryland Insurance Administration recovered nearly $33.3 million in 2024 by assisting consumers with insurance disputes, fraud investigations, and regulatory enforcement efforts.
January 30, 2025 Fraud Insurance Industry Legislation & Regulation Property Maryland

Natural Disasters Caused $368 Billion in Damage Last Year, Aon Report Reveals

Natural Disasters Caused $368 Billion in Damage Last Year, Aon Report Reveals

The 2025 Climate and Catastrophe Insight Report by Aon highlights how hurricanes, severe storms, and global flooding pushed disaster losses to $368 billion in 2024, exposing critical insurance gaps.
January 29, 2025 Catastrophe Insurance Industry Property Risk Management Florida Georgia North Carolina South Carolina Tennessee

"World’s Largest Truck Stop" in Iowa Fined for Clean Water Act Violations

"World’s Largest Truck Stop" in Iowa Fined for Clean Water Act Violations

The EPA fined Iowa 80, the world’s largest truck stop, and Joplin 44 a total of $390,784 for failing to meet Clean Water Act regulations on petroleum spill prevention and containment.
January 29, 2025 Insurance Industry Legislation & Regulation Litigation Risk Management Iowa Missouri
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