Verisk’s latest report reveals that reconstruction costs are rising at a slower pace, approaching pre-pandemic levels. Residential and commercial costs are expected to grow modestly into mid-2025.

A Georgia woman claims a fertility clinic mistakenly implanted the wrong embryo, leading her to carry and give birth to another couple’s baby. She later had to surrender the child in an emotional legal battle.

A new Insurance Research Council (IRC) report reveals that over 33% of U.S. drivers in 2023 lacked sufficient auto insurance, marking a significant increase since 2017.

South Carolina’s liquor liability insurance market has been unprofitable since 2017, with insurers losing $1.77 for every $1.00 earned. Claim frequency far exceeds neighboring states, intensifying concerns.

Quantum computing’s rapid advancements may challenge traditional encryption, creating new cybersecurity risks. Experts emphasize the need for proactive defenses and cyber insurance strategies.

Florida’s insurance market is stabilizing, with reinsurance supply outpacing demand for the first time in years. However, challenges remain, particularly in the lower layers of reinsurance coverage, where costs continue to rise.

Saint Vincent’s Catholic Medical Centers of New York will pay $29 million to settle allegations of False Claims Act violations related to overpayments from the Department of Defense for healthcare services provided to retired military members and their families.

Las Vegas resident admits to conspiracy in filing over 1,200 false tax returns, securing $33M in fraudulent IRS refunds for personal gain.

Two Estonian men have pleaded guilty to running a $577 million cryptocurrency Ponzi scheme that defrauded hundreds of thousands worldwide. They now face up to 20 years in prison.

As fast-food employees prepare meals, they also face an increasing risk of customer aggression. Recent violent incidents highlight the dangers of frontline service jobs.

A proposed bill seeks to abolish OSHA, shifting workplace safety to individual states. The move could increase injuries, raise workers’ compensation costs, and create legal and financial challenges for employers and insurers.

NIL collectives are reshaping amateur athletics, bringing unique liability risks. Without clear regulations, insurers must assess coverage needs for management liability and compliance challenges.

Loneliness is becoming a significant societal issue, and fraudsters are taking full advantage of it. Romance scams—where criminals exploit social isolation to build fraudulent online relationships—are already costing victims billions.

FEMA now estimates NFIP losses from Hurricane Helene to be between $6.4 billion and $7.4 billion, with total claims exceeding 57,400. The agency has borrowed $2 billion to cover claims.

New studies suggest the world has already entered a 20-year period of sustained warming above 1.5C, raising urgent concerns about escalating climate risks and the need for rapid emissions cuts.