Federal prosecutors say Kevin Kolenda collected premiums for prize coverage but used aliases, a nonexistent claims department and other tactics to avoid paying claims when contestants won insured prizes.
Licensed insurance agents allegedly used personal information gathered through telemarketing calls to submit life insurance applications without consumers’ knowledge. Regulators say the scheme is generating significant losses for insurers and exposing older adults to additional fraud risks.
A new PEMCO survey shows many homeowners overestimate fire risk while underestimating costly water damage, creating opportunities for insurers and agents to promote leak detection technology during policy renewals.
New claims data shows freeze-related water losses remain a major severity driver, with average payments exceeding $30,000 and repairs stretching for months.
The century-old Prospect Hotel near Crater Lake closed after alleged embezzlement by a trusted associate left owners facing lawsuits, loan defaults, and bank garnishment.
A new study on golden retrievers reveals how wildfire smoke impacts pet and human health, with implications for insurance costs, coverage, and long-term risk management.
An 8.8 magnitude quake near Russia’s Kamchatka Peninsula triggered tsunami alerts across the Pacific, spotlighting flood insurance gaps and the unpredictability of natural disasters.
As Chinese hackers exploit SharePoint software flaws, Microsoft faces renewed scrutiny over its Secure Future Initiative and ongoing cybersecurity transformation.
Insurance industry sees auto physical damage profitability recover, while casualty sectors grapple with increased medical inflation and social verdicts.
Homeowners insurance is becoming less affordable nationwide as natural disasters, legal system strain, and rising repair costs drive premiums higher, especially in disaster-prone states.
While Oregon launched a wildfire certification program to promote home hardening, the lack of required insurance discounts has left homeowners with little motivation to join.
Idaho promotes voluntary home hardening measures to reduce wildfire risk, retain insurers, and keep homeowners’ insurance costs manageable across the state.
An Oregon appellate court has ruled against awarding attorney fees based on a percentage of recovery in an insurance settlement, emphasizing the importance of hourly rates.
As fast-food employees prepare meals, they also face an increasing risk of customer aggression. Recent violent incidents highlight the dangers of frontline service jobs.
European road safety initiatives, including Vision Zero, are influencing U.S. transportation policies. Experts highlight innovation, enforcement, and education as key factors.
