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New York Secures $1 Billion Judgment Against Predatory Lending Firm

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 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

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 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

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

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

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

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 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

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 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

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

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 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 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
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