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.
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.
Teamsters union members in multiple cities threaten a pre-Christmas strike, pressuring Amazon to negotiate amid labor disputes over unionization and workplace rights.
Federal workplace safety officials allege that a New Jersey contractor repeatedly violated safety standards at three sites, citing willful and serious fall-related hazards.
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.
The global insurance industry faces inflation, natural disasters, and shifting demographics but finds opportunities for innovation and expansion into emerging markets.
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.
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.
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.
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.
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.
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.
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.
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.
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.
