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New York Explores Forcing Property Insurers to Cover Taxi Insurance Shortfalls

New York is considering a levy on property insurers to address a taxi insurer’s insolvency, sparking debate among state officials, drivers, and the insurance industry.
December 13, 2024 Insurance Industry Legislation & Regulation Litigation Risk Management New York

Global Insurance 2025: Navigating Challenges to Achieve Growth

The global insurance industry faces inflation, natural disasters, and shifting demographics but finds opportunities for innovation and expansion into emerging markets.
December 9, 2024 Catastrophe Property Risk Management Technology California Florida New York Washington

Federal Prosecutors Target Alleged $10 Million No-Fault Insurance Fraud Scheme

Federal prosecutors have indicted three individuals in connection with an alleged $10 million no-fault auto insurance fraud operation, with ties to a firm linked to former NYC official Frank Carone.
December 3, 2024 Auto Fraud Legislation & Regulation Litigation New York

Shoplifting Operation Stole $2M in Goods, Resold in New York and Abroad

A shoplifting ring that stole $2 million in high-end goods across several states was dismantled, with stolen items resold online and in the Dominican Republic. New laws are being enforced to tackle organized retail theft.
December 2, 2024 Fraud Legislation & Regulation Liability Risk Management New Jersey New York

Ohio Resident Sentenced to Five Years for $229K Insurance Fraud

An Ohio man has been sentenced for orchestrating a $229,000 insurance fraud scheme involving multiple companies and falsified claims, including property theft and fake medical expenses.
November 26, 2024 Fraud Insurance Industry Litigation Risk Management New York Ohio

New York High Court Enforces Uber’s Arbitration Clause Despite Preexisting Injury Lawsuit

New York’s highest court has upheld Uber’s arbitration requirement in a case involving a preexisting injury lawsuit, ruling the company’s clickwrap agreement is a valid contract.
November 26, 2024 Legislation & Regulation Liability Litigation Technology California Connecticut Illinois Massachusetts New York

New York Penalizes GEICO and Travelers Over Auto Insurance Cybersecurity Breaches

New York imposes $11.3M in fines on GEICO and Travelers after data breaches exposed personal information of over 120,000 customers, citing insufficient cybersecurity controls.
November 26, 2024 Auto Legislation & Regulation Liability Technology New York

Thanksgiving Travel Expected to Break Records, Says AAA

Thanksgiving travel this year is expected to surpass pre-pandemic levels, with nearly 80 million Americans traveling by car, air, and other modes, setting new records across the board.
November 22, 2024 Auto Insurance Industry Risk Management California Florida Hawaii New York Washington

New York Broker Pleads Guilty in $38 Million Nursing Home Tax Fraud Scandal

Joseph Schwartz, a New York insurance broker, pleaded guilty to charges of employment tax fraud and failing to file financial reports for nursing home facilities across 11 states.
November 20, 2024 Fraud Insurance Industry Legislation & Regulation Liability New Jersey New York

Can Crime Victims Access a Convict’s Workers’ Compensation Settlement Under the Son of Sam Law?

A New York court ruled that workers’ compensation settlement funds are not exempt under the Son of Sam Law, allowing crime victims to seek recovery even if the funds were obtained before conviction.
November 18, 2024 Legislation & Regulation Liability Litigation Workers' Compensation New York

Rising Inland Flood Risk Demands Urgent Attention in U.S.

The Insurance Information Institute’s latest report highlights the increasing flood risks faced by inland areas due to shifting weather patterns. Hurricanes, tropical storms, and thunderstorms are pushing the boundaries of flood-prone regions, underscoring the need for better insurance coverage, flood resilience, and mitigation strategies to bridge the protection gap in non-coastal communities.
November 14, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia Kentucky New Jersey New York

New York Court Dismisses Homeowner’s Construction Defect Claim Over Missed Filing Deadline

A New York court dismissed a homeowner’s breach of contract claim for delayed filing, ruling that the lawsuit, filed almost seven years after project completion, was beyond the six-year statute of limitations for construction defect claims. Pandemic-related deadline extensions could not save the case.
November 14, 2024 Legislation & Regulation Litigation Property Risk Management New York

Brooklyn Man Charged with Insurance Fraud After Allegedly Staging Car Crash Caught on Viral Dash Cam Video

A Brooklyn man faces multiple charges after allegedly staging a car accident on the Belt Parkway, an event captured on dash cam that went viral on social media. Authorities say the incident endangered lives and remains under investigation for additional suspects.
November 11, 2024 Auto Fraud Litigation Risk Management New York

Danone Wins Dismissal of U.S. Lawsuit Over ‘Natural’ Label on Evian Spring Water

A federal judge dismissed a lawsuit accusing Danone of misleading consumers with Evian’s ‘natural’ label, despite claims that plastic micro-particles seep into the water from its packaging. The ruling cited FDA guidelines that focus on the water’s source, not microplastic content.
November 7, 2024 Insurance Industry Legislation & Regulation Liability Litigation Illinois New York

Widespread Flooding from Hurricane Helene Spotlights Inland Insurance Gaps

The devastation from Hurricane Helene reveals a significant inland flood-protection gap, particularly in flood-prone communities without sufficient insurance coverage, where misinformation and funding challenges further slow recovery efforts.
October 28, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management Florida Georgia Kentucky New Jersey New York
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