Tropical Depression Two is expected to strengthen into Tropical Storm Bertha as it tracks along the northern Gulf Coast. Heavy rain, storm surge, and tropical storm conditions could lead to flooding and property damage from Florida to Texas.
Federal prosecutors say shell medical equipment companies submitted billions in fraudulent insurance claims. The case underscores why policyholders and insurers should closely monitor billing activity for signs of fraud.
Investigators allege five family members used shell construction companies to hide payroll, avoid workers’ compensation premiums, and cash millions of dollars in payroll checks through unlicensed money service businesses.
Advances in climate attribution science are helping insurers better estimate future catastrophe risks, even as political scrutiny over climate models intensifies.
A Jacksonville roofing contractor is under investigation as customers, employees, and suppliers allege unpaid debts, unfinished roofing projects, and contract disputes totaling nearly $1 million.
Minnesota regulators say Seguro Medico misled consumers about the scope of their health insurance coverage and violated multiple state insurance laws. The enforcement action follows guilty pleas in a related federal fraud case.
A California wildfire survivor says an unlicensed contractor took an $18,000 payment before abandoning the project. Insurance and fraud experts say similar scams are increasing after natural disasters across the United States.
The Massachusetts Supreme Judicial Court upheld regulators’ authority to reject proposed workers’ compensation rates but ruled they must clearly explain how they arrived at a 14.6% statewide rate reduction. The decision sends the 2024 and 2025 rate rulings back for further review.
Iowa investigators allege an insurance agent opened policies using the identities of at least 11 family members without their knowledge, generating more than $36,000 in commissionable premiums. The case includes 23 felony charges and one aggravated misdemeanor.
State Farm says Illinois homeowners filed 50,000 severe weather claims through mid-June as tornadoes and hail continue driving losses. The new data adds context to the insurer’s ongoing dispute with Illinois regulators over homeowners insurance rates.
A FIFA World Cup referee who operates an insurance advisory firm highlights a specialty insurance market that is expanding as abuse, liability exposures, and retention challenges increase for sports officials worldwide.
A JetBlue Airbus landed safely after the crew reported a drone strike during its approach to JFK. The incident highlights unresolved questions about aviation liability, subrogation, and insurance coverage when drone operators cannot be identified.
As luxury yacht ownership expands across South Florida, abandoned vessels, marina shortages, and rising boating accidents are creating new risks for insurers, marine adjusters, and local governments.
Higher theft rates, expensive repairs and underwriting changes are making high-performance vehicles increasingly difficult to insure, even as used prices become more attractive.
The publication of stolen NAIC data has interrupted investment designation activities and highlights how attacks on insurance regulators can ripple across the industry. Investigators continue to assess the breach while insurers monitor potential operational and cybersecurity impacts.
