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2025 Catastrophe Losses Hit $127B Insured as Wildfire and Storm Claims Surge

2025 Catastrophe Losses Hit $127B Insured as Wildfire and Storm Claims Surge

Aon report highlights how wildfire and severe convective storm losses are reshaping insured catastrophe trends despite lower overall disaster activity.
April 1 Catastrophe Insurance Industry Property Risk Management Technology

AI Insurance Fraud Surges as Adjusters Face Rising Digital Manipulation Risks

AI Insurance Fraud Surges as Adjusters Face Rising Digital Manipulation Risks

New Verisk data shows widespread use of AI editing tools, growing fraud risks, and ongoing challenges for adjusters detecting manipulated claim evidence.
April 1 Fraud Insurance Industry Risk Management Technology

GEICO Alleges Fake Invoices and Shell Companies in DME Fraud Operation

GEICO Alleges Fake Invoices and Shell Companies in DME Fraud Operation

Insurer alleges a coordinated network used shell companies, inflated invoices, and non-fee-schedule billing codes to extract payments and evade detection.
April 1 Auto Fraud Insurance Industry Litigation New York

Arctic Sea Ice Hits Record Winter Low as Global Heat Shatters March Records

Arctic Sea Ice Hits Record Winter Low as Global Heat Shatters March Records

Record March heat across the U.S., Mexico, Africa, Europe, Asia and Australia adds to warnings about climate-driven risk. For insurers and adjusters, the trend points to growing catastrophe exposure and harder-to-predict loss patterns.
April 1 Catastrophe Insurance Industry Property Risk Management

Manual Claims Processing Costs Insurers Millions Annually, Automation Cuts Costs Fast

Manual Claims Processing Costs Insurers Millions Annually, Automation Cuts Costs Fast

Legacy workflows and document-heavy processes are driving up claim costs and cycle times, while targeted automation offers measurable savings within months.
April 1 Insurance Industry Property Risk Management Technology

Cyber Claims Surge in Severity as AI and Litigation Accelerate Losses

Cyber Claims Surge in Severity as AI and Litigation Accelerate Losses

New data shows rising breach costs, faster lawsuits, and AI-powered attacks reshaping cyber claims handling and severity.
March 30 Fraud Litigation Risk Management Technology

Crypto Insurance Gaps Leave Theft Victims Without Coverage

Crypto Insurance Gaps Leave Theft Victims Without Coverage

Crypto platforms market account protection, but exclusions and strict requirements often leave theft victims without reimbursement.
March 30 Fraud Insurance Industry Litigation Risk Management Technology

Court Confirms Depreciation on Repair Costs Under ACV Policies

Court Confirms Depreciation on Repair Costs Under ACV Policies

Sixth Circuit ruling confirms insurers can deduct depreciation from repair payments unless policyholders complete repairs to trigger replacement-cost coverage.
March 30 Insurance Industry Legislation & Regulation Litigation Property

New Orleans Attorneys Convicted in Staged Crash Insurance Fraud Scheme

New Orleans Attorneys Convicted in Staged Crash Insurance Fraud Scheme

Federal jury finds law firms and co-conspirators guilty in long-running scheme targeting commercial auto policies and inflating claims through staged accidents and unnecessary medical treatments.
March 25 Auto Fraud Insurance Industry Litigation Louisiana

AccuWeather 2026 Hurricane Forecast Warns of 3 to 5 Direct U.S. Impacts

AccuWeather 2026 Hurricane Forecast Warns of 3 to 5 Direct U.S. Impacts

AccuWeather expects a near- to below-average Atlantic season, but warns of 3 to 5 direct U.S. impacts, rapid intensification, and high exposure along the Gulf Coast and Carolinas.
March 25 Catastrophe Insurance Industry Property Risk Management

Supreme Court Limits ISP Liability in $1B Music Piracy Case

Supreme Court Limits ISP Liability in $1B Music Piracy Case

Justices rule ISPs are not liable for user piracy without proof of intent, reshaping exposure for digital service providers and insurers.
March 25 Insurance Industry Liability Litigation Technology

Uber Backs Legal Reform as Litigation Costs Drive Auto Claim Inflation

Uber Backs Legal Reform as Litigation Costs Drive Auto Claim Inflation

Rideshare insurer costs surge as fraud, attorney solicitation, and third-party funding reshape auto claims severity and settlement dynamics.
March 25 Auto Fraud Insurance Industry Legislation & Regulation Litigation California New York

Claims Audit Programs Fail Without Systems That Preserve Expertise

Claims Audit Programs Fail Without Systems That Preserve Expertise

Most audit programs rely on people instead of systems, leading to lost knowledge, inconsistent results, and missed opportunities to reduce claims leakage.
March 23 Education & Training Insurance Industry Risk Management Technology

Auto Insurance Reserve Redundancy Signals Rate Cuts in 2026

Auto Insurance Reserve Redundancy Signals Rate Cuts in 2026

Declining auto claims and reserve releases point to softer pricing in 2026, while liability lines continue to face reserve pressure and social inflation challenges.
March 23 Auto Insurance Industry Liability Property Underwriting

Hawaii Flooding Triggers Evacuations as Storm Damage Tops $1 Billion

Hawaii Flooding Triggers Evacuations as Storm Damage Tops $1 Billion

Back-to-back storms have caused major flooding across Hawaii, forced thousands to evacuate, and damaged homes, roads, hospitals, schools, and other infrastructure.
March 23 Auto Catastrophe Property Risk Management Hawaii
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