
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

New York Unveils Plan to Fix Taxi and Rideshare Insurance Crisis
New York Governor Kathy Hochul has proposed reforms to stabilize the city's troubled taxi and rideshare insurance market after the collapse of its largest provider, American Transit Insurance Co.
January 24, 2025
Auto
Fraud
Legislation & Regulation
Risk Management
New York

New York Woman Charged with $130,000 Welfare Fraud and Insurance Scheme
A New York resident allegedly defrauded Medicaid, childcare assistance programs, and her car insurance provider by misrepresenting income and residency over several years.
January 24, 2025
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
New Jersey
New York

Cargo Theft Hits Unprecedented Highs in 2024, with $202K Average Loss Per Incident
Cargo theft incidents surged 27% in 2024, reaching 3,625 reported cases in the U.S. and Canada. California and Texas were hit hardest, with criminals shifting to high-value targets like electronics and copper.
January 23, 2025
Fraud
Property
Risk Management
Technology
California
Georgia
New York
Texas

What 2025 Holds for Climate: EVs, Coal, and Green Energy Shifts
In 2025, the global green transition faces challenges and opportunities, from rising EV sales and nuclear energy interest to increased coal reliance and stricter PFAS regulations.
January 3, 2025
Legislation & Regulation
Property
Risk Management
Technology
California
New York

Insurance Company Targets 180 Health Care Providers in $450M Fraud Lawsuit
American Transit Insurance Co. has filed a $450 million lawsuit against over 180 healthcare providers under the RICO Act, alleging no-fault insurance fraud, kickbacks, and overbilling in New York.
December 26, 2024
Fraud
Insurance Industry
Legislation & Regulation
Litigation
New York

Amazon Braces for Strike Threats During Peak Holiday Season
Teamsters union members in multiple cities threaten a pre-Christmas strike, pressuring Amazon to negotiate amid labor disputes over unionization and workplace rights.
December 19, 2024
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
Alabama
California
Georgia
Illinois
New York

OSHA Proposes $328,545 Fine for New Jersey Contractor Over Fall Hazard Violations
Federal workplace safety officials allege that a New Jersey contractor repeatedly violated safety standards at three sites, citing willful and serious fall-related hazards.
December 18, 2024
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
New Jersey
New York
Pennsylvania

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



