Experian’s 2025 Fraud Forecast Warns of Rising AI-Powered Threats
Experian’s Future of Fraud Forecast highlights five emerging threats for 2025, including AI-driven bot attacks, password spraying, cryptocurrency scams, and social media-fueled fraud schemes.
January 29, 2025
Fraud
Insurance Industry
Risk Management
Technology
Pet Insurance Expansion Brings Opportunities and Risks
The pet insurance market in the U.S. is expanding rapidly, with premiums potentially surpassing $4.5 billion in 2024. However, rising veterinary costs and market concentration pose challenges for insurers.
January 29, 2025
Insurance Industry
Life & Health
Risk Management
Underwriting
How the Tech Stock Drop Could Shape AI’s Future
DeepSeek’s rapid ascent as a free generative AI app has stunned tech investors, raising questions about AI development costs and the future of industry giants.
January 29, 2025
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Boca Raton Dentist Arrested for $157K Insurance Fraud Targeting Major Carriers
A Boca Raton dentist faces multiple felony charges for allegedly fabricating claims to defraud MetLife, Delta Dental, and Aetna of $157,000, according to investigators.
January 28, 2025
Fraud
Insurance Industry
Legislation & Regulation
Litigation
Florida
PayPal Settles $2 Million Cybersecurity Case Over 2022 Data Breach
PayPal faces a $2 million fine for failing to comply with New York’s Cybersecurity Regulation, exposing customer data during a 2022 breach caused by inadequate security measures.
January 27, 2025
Insurance Industry
Legislation & Regulation
Technology
New York
LinkedIn Faces Lawsuit Over Alleged Customer Data Use for AI Training
LinkedIn is facing a class action lawsuit accusing the platform of using private customer data, including messages, to train AI models without explicit consent, violating privacy laws.
January 24, 2025
Insurance Industry
Litigation
Technology
California
Cannabis Grower’s $1.3M Business Income Claim Denied After Fire Damages Crops
A federal court ruled that a cannabis grower’s business income loss was not covered by its insurance policy after a fire damaged crops but did not halt overall operations.
January 24, 2025
Insurance Industry
Litigation
Property
Risk Management
Connecticut
How Geoeconomic Fragmentation is Reshaping the Insurance Landscape
Discover insights from the Geneva Association’s 2025 report on geoeconomic fragmentation, exploring how global divides are transforming risks, opportunities, and strategies for the insurance industry.
January 24, 2025
Insurance Industry
Liability
Risk Management
Technology
New York Woman Charged with $130,000 Welfare Fraud and Insurance Scheme
A New York resident allegedly defrauded Medicaid, childcare assistance programs, and her car insurance provider by misrepresenting income and residency over several years.
January 24, 2025
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
New Jersey
New York
California School Board Trustee Indicted for Insurance Fraud and Misuse of Public Funds
A California school board trustee has been indicted for allegedly misusing public funds and filing a false insurance claim. A jury trial is set for March.
January 23, 2025
Fraud
Insurance Industry
Legislation & Regulation
Litigation
California
FEMA Partners with 27 Reinsurers to Transfer $758M in Flood Insurance Risk
FEMA has expanded its flood insurance reinsurance program for 2025, transferring $758 million in risk to 27 private reinsurers and covering portions of losses from catastrophic flood events.
January 21, 2025
Catastrophe
Insurance Industry
Property
Risk Management
Consumers Weigh in on AI Use in Severe Weather Insurance
A new report reveals mixed consumer opinions on insurers using AI for severe weather predictions, highlighting the need for transparency and education to build trust in these tools.
January 21, 2025
Insurance Industry
Property
Risk Management
Technology
Connecticut
Florida and Alabama Declare Emergencies as Rare Snowstorm Approaches
Florida and Alabama declared states of emergency as a rare snowstorm approached the region, prompting closures, emergency measures, and National Guard activation.
January 21, 2025
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
Alabama
Florida
Cyber Insurance Growth Set to Continue Amid Evolving Threat Landscape
As cyber risks grow more complex, the insurance market is evolving with higher limits, new coverage options, and reinsurance strategies to meet increasing demand.
January 20, 2025
Insurance Industry
Risk Management
Technology
What the Basquiat Forgeries Teach About Art Insurance for Homeowners
The $19.7 million Basquiat forgery case highlights the importance of proper appraisals and tailored insurance coverage for art and collectibles, even for homeowners.
January 20, 2025
Insurance Industry
Litigation
Property
Risk Management
Florida
