Two insurers that reimbursed a New Jersey company for an alleged fraud loss are pursuing subrogation against Bank of America. The lawsuit claims the bank processed wire and ACH transfers after employees flagged them as fraudulent.
Authorities say insurance claim funds were diverted and signatures forged, with elderly homeowners among the victims. Investigators believe more policyholders may be affected.
A pending decision in Allstate v. Carteret Comprehensive Medical Care could determine whether complex auto insurance fraud claims belong in arbitration or Superior Court, with direct implications for PIP claims handling and insurer recovery efforts.
A prolonged Arctic outbreak brings snow, crashes, power outages, and freeze losses across the Southeast, raising claim concerns from auto accidents to Florida citrus damage.
A new survey finds most homeowners believe they’re fully covered for disasters like floods and wildfires, but industry data shows many lack essential protections.
A cyber insurance dispute is unfolding in federal court as ACE American Insurance Co., a Chubb subsidiary, seeks to recoup $500,000 paid in ransomware damages from two IT vendors it claims are at fault.
Lyft has agreed to pay $19.4 million to New Jersey after an audit found it misclassified over 100,000 drivers as independent contractors between 2014 and 2017.
Federal authorities charged a Pennsylvania man with securities and wire fraud after allegedly defrauding investors through a fake ATM investment scheme worth over $400 million.
Major U.S. metro areas are increasingly vulnerable to $100 billion hurricane losses. This KCC report shows where it’s most likely and how insurers can prepare for the next big one.
The first half of 2025 brought $84 billion in insured catastrophe losses, driven by U.S. wildfires and severe convective storms, making it the costliest H1 since 2011.
Insurance industry sees auto physical damage profitability recover, while casualty sectors grapple with increased medical inflation and social verdicts.
Over 6.4 million homes in coastal U.S. states face moderate or greater storm surge risk, with $2.2 trillion in potential reconstruction costs, according to 2025 Cotality data.
Over 100 Amtrak employees joined forces with medical providers in a fraudulent health insurance scheme that cost the company more than $12 million, a new report finds.
