How 2025 Will Reshape Claims Management: AI, Regulations, and Workforce Changes
The claims industry is set for transformation in 2025, with AI adoption accelerating, regulations tightening—especially around mental health—and workforce dynamics shifting.
January 29, 2025
Legislation & Regulation
Risk Management
Technology
Workers' Compensation
New York
"World’s Largest Truck Stop" in Iowa Fined for Clean Water Act Violations
The EPA fined Iowa 80, the world’s largest truck stop, and Joplin 44 a total of $390,784 for failing to meet Clean Water Act regulations on petroleum spill prevention and containment.
January 29, 2025
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
Iowa
Missouri
Experian’s 2025 Fraud Forecast Warns of Rising AI-Powered Threats
Experian’s Future of Fraud Forecast highlights five emerging threats for 2025, including AI-driven bot attacks, password spraying, cryptocurrency scams, and social media-fueled fraud schemes.
January 29, 2025
Fraud
Insurance Industry
Risk Management
Technology
Pet Insurance Expansion Brings Opportunities and Risks
The pet insurance market in the U.S. is expanding rapidly, with premiums potentially surpassing $4.5 billion in 2024. However, rising veterinary costs and market concentration pose challenges for insurers.
January 29, 2025
Insurance Industry
Life & Health
Risk Management
Underwriting
How the Tech Stock Drop Could Shape AI’s Future
DeepSeek’s rapid ascent as a free generative AI app has stunned tech investors, raising questions about AI development costs and the future of industry giants.
January 29, 2025
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Florida’s House Bill Proposes Bold Changes to Windstorm Insurance
Florida’s HB13 aims to expand Citizens Property Insurance to provide windstorm coverage for all homeowners, addressing gaps in the private market and enhancing hurricane resilience.
January 27, 2025
Catastrophe
Legislation & Regulation
Property
Risk Management
California
Florida
How Wildfires in California Highlight Gaps in Public Understanding of Property Insurance
The fallout from California’s wildfires reveals a widespread lack of understanding about risk assessment, policy renewals, and the structure of insurance companies among the general public.
January 24, 2025
Catastrophe
Legislation & Regulation
Property
Risk Management
California
Florida
Does Florida’s Roof Age Rule Hinder Adoption of Hurricane-Resilient Roof Systems?
Builders argue that Florida’s 15-year roof age rule limits the use of advanced, wind-resistant materials, as insurers remain skeptical despite their potential to reduce hurricane losses.
January 24, 2025
Legislation & Regulation
Property
Risk Management
Technology
Florida
Louisiana
New York Secures $1 Billion Judgment Against Predatory Lending Firm
New York Attorney General Letitia James announced a $1.065 billion judgment against Yellowstone Capital for predatory lending, canceling over $534 million in small business debts nationwide.
January 24, 2025
Fraud
Legislation & Regulation
Litigation
Risk Management
New Jersey
New York
California Insurance Commissioner Urges Advance Payments for Wildfire Survivors
California Insurance Commissioner Ricardo Lara is urging insurers to follow state laws requiring advance payments to wildfire survivors, aiming to accelerate recovery efforts in Los Angeles.
January 24, 2025
Catastrophe
Legislation & Regulation
Property
Risk Management
California
New York Unveils Plan to Fix Taxi and Rideshare Insurance Crisis
New York Governor Kathy Hochul has proposed reforms to stabilize the city’s troubled taxi and rideshare insurance market after the collapse of its largest provider, American Transit Insurance Co.
January 24, 2025
Auto
Fraud
Legislation & Regulation
Risk Management
New York
Cannabis Grower’s $1.3M Business Income Claim Denied After Fire Damages Crops
A federal court ruled that a cannabis grower’s business income loss was not covered by its insurance policy after a fire damaged crops but did not halt overall operations.
January 24, 2025
Insurance Industry
Litigation
Property
Risk Management
Connecticut
Contractor Faces OSHA Penalties After Worker Falls from Boston Theater Scaffold
A federal investigation found safety violations by NER Construction Management led to a worker’s fatal fall at the Cutler Majestic Theater in Boston. OSHA has proposed $115,221 in fines.
January 24, 2025
Legislation & Regulation
Litigation
Risk Management
Workers' Compensation
Massachusetts
How Geoeconomic Fragmentation is Reshaping the Insurance Landscape
Discover insights from the Geneva Association’s 2025 report on geoeconomic fragmentation, exploring how global divides are transforming risks, opportunities, and strategies for the insurance industry.
January 24, 2025
Insurance Industry
Liability
Risk Management
Technology
California Wildfires Drive Record Insurance Losses and Policy Changes
Moody’s projects $30 billion in insured property losses from Los Angeles County wildfires, highlighting the challenges of insuring high-risk areas and the strain on California’s FAIR plan.
January 24, 2025
Catastrophe
Legislation & Regulation
Property
Risk Management
California
