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New York Woman Charged with $130,000 Welfare Fraud and Insurance Scheme

New York Woman Charged with $130,000 Welfare Fraud and Insurance Scheme

A New York resident allegedly defrauded Medicaid, childcare assistance programs, and her car insurance provider by misrepresenting income and residency over several years.
January 24, 2025 Fraud Insurance Industry Legislation & Regulation Risk Management New Jersey New York

Historic Snowstorm Brings Chaos to US South With Record-Breaking Cold and Snowfall

Historic Snowstorm Brings Chaos to US South With Record-Breaking Cold and Snowfall

A rare snowstorm dumped record amounts of snow across the US South, causing travel chaos, frozen pipes, and widespread disruptions in states unprepared for such severe winter weather.
January 24, 2025 Catastrophe Property Risk Management Technology Arkansas Florida Georgia Louisiana Oklahoma

Leveling the Playing Field with AI: Tools to Address Algorithmic Bias

Leveling the Playing Field with AI: Tools to Address Algorithmic Bias

Learn how to detect and mitigate bias in AI systems with practical tools and strategies, emphasizing fairness in decision-making for insurance fraud detection and beyond.
January 23, 2025 Education & Training Fraud Risk Management Technology

Health Insurance Fraud Case Resolved by Austin-Based Small Group Business

Health Insurance Fraud Case Resolved by Austin-Based Small Group Business

An Austin-based small group health insurer settles allegations of fraudulent billing practices, emphasizing the need for transparency and ethical standards in health insurance claims.
January 23, 2025 Fraud Legislation & Regulation Life & Health Risk Management Alabama Arizona Arkansas Florida Louisiana

Court Rules Sky Betting Violated Data Laws to Target Problem Gambler

Court Rules Sky Betting Violated Data Laws to Target Problem Gambler

A UK court found that Sky Betting and Gaming illegally profiled a gambling addict for marketing purposes, sparking further scrutiny of data practices in the gambling industry.
January 23, 2025 Legislation & Regulation Litigation Risk Management Technology

Cargo Theft Hits Unprecedented Highs in 2024, with $202K Average Loss Per Incident

Cargo Theft Hits Unprecedented Highs in 2024, with $202K Average Loss Per Incident

Cargo theft incidents surged 27% in 2024, reaching 3,625 reported cases in the U.S. and Canada. California and Texas were hit hardest, with criminals shifting to high-value targets like electronics and copper.
January 23, 2025 Fraud Property Risk Management Technology California Georgia New York Texas

Record Catastrophe Bond Issuance of $17.7 Billion in 2024

Record Catastrophe Bond Issuance of $17.7 Billion in 2024

Catastrophe bonds and related insurance-linked securities surged to a record $17.7 billion in issuance during 2024, driven by a robust first half and strong year-end performance.
January 21, 2025 Catastrophe Property Risk Management Technology California Florida Louisiana Massachusetts Texas

FEMA Partners with 27 Reinsurers to Transfer $758M in Flood Insurance Risk

FEMA Partners with 27 Reinsurers to Transfer $758M in Flood Insurance Risk

FEMA has expanded its flood insurance reinsurance program for 2025, transferring $758 million in risk to 27 private reinsurers and covering portions of losses from catastrophic flood events.
January 21, 2025 Catastrophe Insurance Industry Property Risk Management

Consumers Weigh in on AI Use in Severe Weather Insurance

Consumers Weigh in on AI Use in Severe Weather Insurance

A new report reveals mixed consumer opinions on insurers using AI for severe weather predictions, highlighting the need for transparency and education to build trust in these tools.
January 21, 2025 Insurance Industry Property Risk Management Technology Connecticut

Efforts Intensify to Combat Fraud Targeting Wildfire Survivors in Southern California

Efforts Intensify to Combat Fraud Targeting Wildfire Survivors in Southern California

California authorities, including Insurance Commissioner Ricardo Lara, are addressing rising fraud cases after wildfires, deploying resources to protect survivors and prosecute scammers.
January 21, 2025 Catastrophe Fraud Litigation Risk Management California

Florida and Alabama Declare Emergencies as Rare Snowstorm Approaches

Florida and Alabama Declare Emergencies as Rare Snowstorm Approaches

Florida and Alabama declared states of emergency as a rare snowstorm approached the region, prompting closures, emergency measures, and National Guard activation.
January 21, 2025 Catastrophe Insurance Industry Legislation & Regulation Risk Management Alabama Florida

Cyber Insurance Growth Set to Continue Amid Evolving Threat Landscape

Cyber Insurance Growth Set to Continue Amid Evolving Threat Landscape

As cyber risks grow more complex, the insurance market is evolving with higher limits, new coverage options, and reinsurance strategies to meet increasing demand.
January 20, 2025 Insurance Industry Risk Management Technology

General Motors Agrees to FTC Settlement Over Driver Data Privacy Issues

General Motors Agrees to FTC Settlement Over Driver Data Privacy Issues

General Motors will be restricted from collecting and sharing driver data for five years following an FTC settlement addressing claims of undisclosed data sales to third parties.
January 20, 2025 Legislation & Regulation Litigation Risk Management Technology Texas

LA Wildfires Cause $1.9M Average Insured Loss Per Structure, Over 17,000 Properties Impacted

LA Wildfires Cause $1.9M Average Insured Loss Per Structure, Over 17,000 Properties Impacted

The Palisades and Eaton wildfires in Los Angeles have damaged or destroyed 17,027 structures, with estimated insured losses reaching $32.5 billion, making this one of the costliest wildfire events in U.S. history.
January 20, 2025 Catastrophe Excess & Surplus Lines Property Risk Management California

What the Basquiat Forgeries Teach About Art Insurance for Homeowners

What the Basquiat Forgeries Teach About Art Insurance for Homeowners

The $19.7 million Basquiat forgery case highlights the importance of proper appraisals and tailored insurance coverage for art and collectibles, even for homeowners.
January 20, 2025 Insurance Industry Litigation Property Risk Management Florida
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