New York Secures $1 Billion Judgment Against Predatory Lending Firm
New York Attorney General Letitia James announced a $1.065 billion judgment against Yellowstone Capital for predatory lending, canceling over $534 million in small business debts nationwide.
January 24, 2025
Fraud
Legislation & Regulation
Litigation
Risk Management
New Jersey
New York
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
Contractor Faces OSHA Penalties After Worker Falls from Boston Theater Scaffold
A federal investigation found safety violations by NER Construction Management led to a worker's fatal fall at the Cutler Majestic Theater in Boston. OSHA has proposed $115,221 in fines.
January 24, 2025
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
Massachusetts
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
Court Rules Sky Betting Violated Data Laws to Target Problem Gambler
A UK court found that Sky Betting and Gaming illegally profiled a gambling addict for marketing purposes, sparking further scrutiny of data practices in the gambling industry.
January 23, 2025
Legislation & Regulation
Litigation
Risk Management
Technology
U.S. Insurance Leaders Critique Treasury Report on Homeowners Coverage Trends
Industry groups criticize the Federal Insurance Office's latest report on homeowners insurance, highlighting data flaws and an overemphasis on climate risks at the expense of other market factors.
January 22, 2025
Catastrophe
Legislation & Regulation
Litigation
Property
California
Florida
Louisiana
Reforms in Louisiana Strive to Mend Insurance Market Challenges
Despite progress through legislative reforms, Louisiana's insurance market remains burdened by high costs, litigation, and affordability issues, requiring ongoing attention.
January 22, 2025
Auto
Legislation & Regulation
Litigation
Property
Florida
Georgia
Louisiana
North Carolina
Efforts Intensify to Combat Fraud Targeting Wildfire Survivors in Southern California
California authorities, including Insurance Commissioner Ricardo Lara, are addressing rising fraud cases after wildfires, deploying resources to protect survivors and prosecute scammers.
January 21, 2025
Catastrophe
Fraud
Litigation
Risk Management
California
General Motors Agrees to FTC Settlement Over Driver Data Privacy Issues
General Motors will be restricted from collecting and sharing driver data for five years following an FTC settlement addressing claims of undisclosed data sales to third parties.
January 20, 2025
Legislation & Regulation
Litigation
Risk Management
Technology
Texas
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
Texas Accuses Allstate of Illegally Using Driver Data to Raise Insurance Rates
Texas has sued Allstate, claiming it illegally gathered sensitive driver data without consent, used it for underwriting, and sold it to third parties, violating state privacy laws.
January 14, 2025
Auto
Legislation & Regulation
Litigation
Technology
Texas
Most Homeowners Feel Ready for Severe Weather Despite Rising Risks
A recent IRC survey reveals that while most homeowners feel prepared for severe weather, awareness of mitigation strategies, premium savings, and legal system impacts remains limited.
January 14, 2025
Catastrophe
Litigation
Property
Risk Management
Workplace Injuries Must Meet Specific Criteria for Compensation, Virginia WCC Rules
The Virginia Workers' Compensation Commission denied benefits to a school bus driver, emphasizing that injuries caused by simple acts like walking are not automatically compensable.
January 8, 2025
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
Virginia
Adjusting to Change: Embracing AI in Workers’ Compensation Claims
Artificial intelligence is reshaping workers' compensation, offering faster claims resolution and fairer settlements, but overcoming resistance from seasoned adjusters remains a challenge.
January 8, 2025
Litigation
Risk Management
Technology
Workers' Compensation
CFPB Files Lawsuit Against Walmart and Branch Messenger Over Alleged Payment Violations
The CFPB has accused Walmart and Branch Messenger of coercing gig drivers to use costly deposit accounts and misrepresenting access to wages, resulting in over $10 million in fees.
January 6, 2025
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
