After a decade of profitability, the US workers’ compensation insurance market faces new risks, requiring disciplined underwriting to maintain stability.
Ruslan Astamirov and Mikhail Vasiliev admitted their roles in deploying the LockBit ransomware, leading to over 2,500 attacks and $500 million in ransom payments, marking a significant step in combating the notorious hacking group.
Nearly 200 individuals, including 13 from New Jersey, have been charged in a $2.75 billion health care fraud scheme that targeted Medicare, Medicaid, TRICARE, and private insurers.
Many drivers are unaware that auto insurance companies may be receiving their driving data from commonly used apps, even if they haven’t signed up for usage-based insurance programs.
CityMD settles allegations of submitting false claims for COVID-19 testing to a federal program for uninsured patients, paying $12.04 million to resolve the issue.
A comprehensive study from the U.S. Chamber of Commerce Institute for Legal Reform highlights the rising trend of nuclear verdicts, their causes, and potential solutions over a ten-year period ending in 2022.
Bradley Pierre has been sentenced to 10 years in prison for orchestrating a $60 million fraud targeting No-Fault automobile insurance companies, marking one of the largest such frauds in New York history.
A New Jersey court ruled that an Amazon driver’s workplace shooting injury was not compensable under workers’ compensation, citing the personal nature of the incident and lack of connection to employment.
A Detroit Man was sentenced to 63 months in prison and ordered to pay $512,000 in restitution for committing unemployment fraud during the COVID-19 pandemic.
CoreLogic’s 2024 Hurricane Risk Report details the potential impact of hurricanes on U.S. Gulf and Atlantic states, emphasizing the need for updated risk assessments to ensure effective preparation and mitigation.
New Jersey Supreme Court rules that low-speed electric scooter riders are not considered pedestrians under state insurance law, denying them personal injury protection coverage.
The North American Pet Health Insurance Association’s 2024 report reveals significant increases in gross written premiums and insured pets, underscoring strong industry expansion.