A Tampa-based contractor was sentenced to four years in prison and ordered to pay over $55 million in restitution for fraud, tax evasion, and workplace violations that led to an employee’s death.

Bybit, a major cryptocurrency exchange, suffered the largest crypto heist in history as hackers stole $1.5 billion in digital assets. Analysts link the attack to North Korea’s Lazarus Group.

Oswego County officials report at least 26 roof collapses following record snowfall, prompting emergency measures and rescue efforts as structural risks continue to rise.

Maryland’s Joint Enforcement Task Force on Workplace Fraud identified over 5,500 misclassified workers in 2024, recovering millions in lost wages and tax revenue while proposing stronger enforcement measures.

Severe convective storms are a major driver of rising insurance costs, with hail, tornadoes, and strong winds causing billions in property damage. Understanding storm patterns can help insurers manage risk effectively.

A Texas man was sentenced to 157 months in federal prison for orchestrating a $4.4 million insurance fraud scheme that involved stolen client information and misdirected payments.

Tesla is recalling nearly 380,000 Model 3 and Model Y vehicles in the U.S. due to a power steering assist failure linked to older software, increasing the risk of a crash.

CLM’s Litigation Management Task Force is tackling industry-wide challenges, focusing on cost management, talent retention, and litigation guidelines to improve collaboration.

Verisk’s latest report reveals that reconstruction costs are rising at a slower pace, approaching pre-pandemic levels. Residential and commercial costs are expected to grow modestly into mid-2025.

A Georgia woman claims a fertility clinic mistakenly implanted the wrong embryo, leading her to carry and give birth to another couple’s baby. She later had to surrender the child in an emotional legal battle.

A new Insurance Research Council (IRC) report reveals that over 33% of U.S. drivers in 2023 lacked sufficient auto insurance, marking a significant increase since 2017.

Delta Air Lines is offering $30,000 to each passenger of Flight 4819, which crash-landed and flipped upside down in Toronto. Investigators are still determining the cause of the accident.

Higher interest rates and improved underwriting have helped the US property and casualty insurance industry recover in 2024, with continued growth and profitability expected in 2025.

South Carolina’s liquor liability insurance market has been unprofitable since 2017, with insurers losing $1.77 for every $1.00 earned. Claim frequency far exceeds neighboring states, intensifying concerns.

Quantum computing’s rapid advancements may challenge traditional encryption, creating new cybersecurity risks. Experts emphasize the need for proactive defenses and cyber insurance strategies.