
California Drivers Targeted by Predatory Towing Scam After Accidents
A fraudulent tow truck scheme is spreading across California, with scammers seizing vehicles after crashes and demanding excessive fees before releasing them to owners.
February 21, 2025
Auto
Fraud
Legislation & Regulation
Litigation
California

Detroit Man Sentenced to Over Four Years for $1M Unemployment Fraud Scheme
A Detroit man has been sentenced to 51 months in prison and ordered to pay over $900,000 in restitution for his role in a multi-state unemployment fraud scheme targeting COVID-19 relief funds.
February 21, 2025
Fraud
Insurance Industry
Legislation & Regulation
Litigation
Maryland
Michigan
Pennsylvania

Two Men Face Prison for $161M Obamacare Fraud Scheme
Two individuals allegedly defrauded the Affordable Care Act by submitting false applications, leading to millions in commissions and subsidy fraud. They face multiple federal charges.
February 21, 2025
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Florida
Texas

Reconstruction Costs Skyrocket Over 60% in a Decade, but Growth Slows for 2025
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.
February 21, 2025
Insurance Industry
Legislation & Regulation
Property
Risk Management

Georgia Woman Sues Fertility Clinic Over Embryo Mix-Up That Led to Custody Battle
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.
February 21, 2025
Legislation & Regulation
Life & Health
Litigation
Risk Management
Georgia
South Carolina

Uninsured and Underinsured Drivers on the Rise in 2023, IRC Report Finds
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.
February 21, 2025
Auto
Insurance Industry
Legislation & Regulation
Risk Management
Colorado
District Of Columbia
Florida
Georgia
Kentucky

South Carolina’s Liquor Liability Insurance Market Faces Deepening Crisis
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.
February 20, 2025
Insurance Industry
Legislation & Regulation
Liability
Risk Management
Florida
Georgia
North Carolina
South Carolina

How Quantum Computing Could Reshape Cyber Risk and Encryption Security
Quantum computing's rapid advancements may challenge traditional encryption, creating new cybersecurity risks. Experts emphasize the need for proactive defenses and cyber insurance strategies.
February 18, 2025
Legislation & Regulation
Risk Management
Technology

Florida’s Insurance Market Shows Signs of Recovery, but Reinsurance Challenges Persist
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.
February 17, 2025
Catastrophe
Legislation & Regulation
Property
Florida

Saint Vincent’s to Pay $29M Over Alleged False Claims Act Violations
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.
February 17, 2025
Fraud
Insurance Industry
Legislation & Regulation
Litigation
Maine
New York

Nevada Woman Admits to Filing $98M in Fraudulent COVID-19 Tax Credit Claims
Las Vegas resident admits to conspiracy in filing over 1,200 false tax returns, securing $33M in fraudulent IRS refunds for personal gain.
February 17, 2025
Fraud
Insurance Industry
Legislation & Regulation
Litigation
Nevada

Two Fraudsters Admit to $577 Million Cryptocurrency Scam
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.
February 17, 2025
Fraud
Legislation & Regulation
Litigation
Technology
Washington

Fast-Food Workers Face Growing Risks as Customer Violence Escalates
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.
February 14, 2025
Legislation & Regulation
Liability
Risk Management
Workers' Compensation
Michigan
Oregon
Tennessee

What Happens if OSHA Is Eliminated? The Potential Impact on Workplace Safety and Workers’ Compensation
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.
February 14, 2025
Legislation & Regulation
Liability
Risk Management
Workers' Compensation
Arizona

Navigating NIL Collective Risks as Insurance Needs Evolve
NIL collectives are reshaping amateur athletics, bringing unique liability risks. Without clear regulations, insurers must assess coverage needs for management liability and compliance challenges.
February 14, 2025
Insurance Industry
Legislation & Regulation
Liability
Underwriting



