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Washington Wildfires Destroy More Than 600 Structures, Force 60,000 Evacuations

Washington Wildfires Destroy More Than 600 Structures, Force 60,000 Evacuations

Multiple fast-moving wildfires remain 0% contained as evacuations continue across the Spokane region. Claims adjusters should prepare for significant residential, commercial, and infrastructure losses as damage assessments begin.
August 3 Catastrophe Property Risk Management Washington

Final Defendant Sentenced in $6.6M Florida Insurance Fraud Scheme

Final Defendant Sentenced in $6.6M Florida Insurance Fraud Scheme

A South Florida fraud scheme manipulated lender-placed homeowners insurance policies, resulting in $6.6 million in illicit gains. The final defendant received nearly four years in prison, closing a case that highlights vulnerabilities in insurance placement and premium disbursement.
August 3 Fraud Insurance Industry Litigation Property Florida

Burglars Use Instagram to Target Empty Homes as August Theft Claims Peak

Burglars Use Instagram to Target Empty Homes as August Theft Claims Peak

Allstate says burglary claims reach their highest point in August as many travelers share their trips on social media. The trend highlights theft prevention, homeowners coverage limits, and documentation steps that can affect insurance claims.
August 3 Insurance Industry Property Risk Management Technology

Triple-I: Wildfire Risk Expands Beyond the West as Heat Waves Drive US Fire Exposure

Triple-I: Wildfire Risk Expands Beyond the West as Heat Waves Drive US Fire Exposure

A new Insurance Information Institute brief says heat waves, drought and development in the wildland-urban interface are driving wildfire exposure beyond the Western United States, creating new underwriting and claims challenges for insurers.
August 3 Catastrophe Legislation & Regulation Property Risk Management Underwriting California Florida Georgia Nebraska

OpenAI Expands Probe After Finding Additional AI Agent Containment Escapes

OpenAI Expands Probe After Finding Additional AI Agent Containment Escapes

OpenAI says it is reviewing broader model activity after discovering additional containment failures during its investigation into the Hugging Face hacking incident. The findings add pressure for stronger AI oversight and cybersecurity controls.
August 3 Insurance Industry Risk Management Technology New York

Former Maryland Insurance Agent Sentenced for Unlicensed Annuity Sales and Insurance Fraud

Former Maryland Insurance Agent Sentenced for Unlicensed Annuity Sales and Insurance Fraud

A former insurance agent received a six-month jail sentence after illegally selling annuity policies while his license was revoked. The case also follows an earlier conviction involving stolen client premiums and obstruction of justice.
August 3 Fraud Insurance Industry Legislation & Regulation Life & Health Maryland

California’s $3.8 Billion Wildfire Technology Plan Aims to Reduce Insurance Losses

California’s $3.8 Billion Wildfire Technology Plan Aims to Reduce Insurance Losses

California is expanding satellites, AI camera networks, airtankers, and drone technology to detect wildfires earlier. State leaders hope reducing structure losses will help stabilize the homeowners insurance market and ease pressure on the FAIR Plan.
July 29 Catastrophe Insurance Industry Property Risk Management Technology California

eBay Agrees to $55.7 Million Settlement Over Harassment and Stalking Campaign

eBay Agrees to $55.7 Million Settlement Over Harassment and Stalking Campaign

A years-long campaign of harassment by former eBay employees resulted in criminal convictions, a multimillion-dollar civil settlement, and renewed attention on corporate accountability, executive oversight, and liability risks.
July 29 Liability Litigation Risk Management Massachusetts

New Illinois Law Makes Boat Liability Insurance Mandatory for Thousands of Owners

New Illinois Law Makes Boat Liability Insurance Mandatory for Thousands of Owners

Beginning January 1, 2027, most Illinois motorboats over 50 horsepower or at least 21 feet long must carry liability insurance. The new law introduces fines for uninsured operators and could reduce the number of uninsured boating claims.
July 29 Legislation & Regulation Liability Marine Underwriting Illinois

AI Drives Record Surge in Software Vulnerability Discoveries at Oracle, Microsoft, and Google

AI Drives Record Surge in Software Vulnerability Discoveries at Oracle, Microsoft, and Google

Major technology companies are fixing security vulnerabilities at a record pace as AI accelerates software testing. While more flaws are being found, there is little evidence that attackers are exploiting them at the same rate.
July 29 Insurance Industry Risk Management Technology

Hurricane Genevieve Sends Massive Surf to Southern California, Raising Coastal Damage Risks

Hurricane Genevieve Sends Massive Surf to Southern California, Raising Coastal Damage Risks

Long-period swells from Hurricane Genevieve are expected to generate dangerous surf, rip currents, and localized coastal impacts across Southern California through the weekend, even without a direct landfall.
July 29 Catastrophe Liability Marine Property Risk Management California

Quantum Computing Could Become Cyber Insurance’s Next Systemic Risk

Quantum Computing Could Become Cyber Insurance’s Next Systemic Risk

Quantum computers capable of breaking today's encryption may still be years away, but insurers are already evaluating how long-term cyber exposures, legacy systems, and post-quantum readiness could affect underwriting and future claims.
July 29 Insurance Industry Risk Management Technology

Johnson & Johnson Agrees to $5.5 Billion Talc Lawsuit Settlement Covering 76,000 Claims

Johnson & Johnson Agrees to $5.5 Billion Talc Lawsuit Settlement Covering 76,000 Claims

The agreement would resolve approximately 76,000 ovarian cancer claims if 95% of eligible plaintiffs approve the deal. The settlement follows years of courtroom battles and failed bankruptcy efforts aimed at resolving the litigation.
July 29 Liability Litigation Risk Management

Federal Bill Seeks Safe Harbor for Insurers Serving State-Legal Cannabis Industry

Federal Bill Seeks Safe Harbor for Insurers Serving State-Legal Cannabis Industry

A bipartisan Senate bill would prevent federal agencies from penalizing insurers that cover state-legal cannabis businesses while preserving state insurance regulation. The proposal also directs the GAO to study financial access barriers for minority-owned and women-owned cannabis companies.
July 27 Insurance Industry Legislation & Regulation Risk Management Underwriting

2.2 Million Vehicles Face Theft Risk from Dealer-Installed Anti-Theft Device Vulnerability

2.2 Million Vehicles Face Theft Risk from Dealer-Installed Anti-Theft Device Vulnerability

Researchers found a vulnerability affecting dealer-installed KARR and related vehicle security systems sold primarily through Southern California dealerships. The manufacturer has issued a firmware update, but vehicle owners must install it through the mobile app.
July 27 Auto Fraud Risk Management Subrogation Technology
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