Two Fraudsters Admit to $577 Million Cryptocurrency Scam
Two Estonian men have pleaded guilty to running a $577 million cryptocurrency Ponzi scheme that defrauded hundreds of thousands worldwide. They now face up to 20 years in prison.
February 17
Fraud
Legislation & Regulation
Litigation
Technology
Washington
Tech-Powered Fraud Prevention in Insurance
AI, blockchain, and biometric verification are transforming fraud detection in insurance. These technologies enhance security, streamline claims processing, and prevent financial losses.
February 14
Fraud
Insurance Industry
Risk Management
Technology
How AI Is Transforming the Life Insurance Industry
Artificial intelligence is revolutionizing life insurance by enhancing efficiency, improving customer experiences, and reshaping risk management, while also introducing new challenges.
February 14
Insurance Industry
Life & Health
Risk Management
Technology
Strengthening Exposure Management to Address Hidden Insurance Risks
Overlooking excluded risks in exposure management can lead to financial strain for insurers. A proactive approach helps mitigate costs from non-indemnifiable claims.
February 14
Catastrophe
Litigation
Risk Management
Technology
California
North Carolina
How Loneliness Fuels the Rise of AI-Powered Romance Scams
Loneliness is becoming a significant societal issue, and fraudsters are taking full advantage of it. Romance scams—where criminals exploit social isolation to build fraudulent online relationships—are already costing victims billions.
February 13
Fraud
Legislation & Regulation
Risk Management
Technology
Insurers Must Adapt to Climate Change or Face Collapse
With climate disasters becoming more frequent and severe, insurers must shift from compensation to prevention, using technology and data to reduce risks before catastrophe strikes.
February 12
Catastrophe
Insurance Industry
Risk Management
Technology
California
Survey Finds Climate Change and Wars as Top Emerging Risks
Risk managers are shifting focus toward climate change, wars, and disruptive technology as primary emerging risks, according to a recent survey by the Society of Actuaries and the Casualty Actuarial Society.
February 11
Catastrophe
Legislation & Regulation
Risk Management
Technology
The Future of P&C Insurance Claims Depends on True Transformation
The insurance claims industry has seen incremental progress over the years, but true transformation remains elusive. To keep pace with technological advancements and consumer expectations, insurers must move beyond outdated processes and fragmented solutions.
February 11
Insurance Industry
Litigation
Risk Management
Technology
Cyber Insurance Outlook for 2025: Pricing Trends, Risks, and Coverage Developments
The cyber insurance market remained favorable for buyers in 2024, with lower premiums and increased coverage options despite high-profile cyber incidents. However, risks such as supply chain attacks, regulatory enforcement, and artificial intelligence (AI) security concerns are shaping the industry’s future.
February 6
Legislation & Regulation
Litigation
Risk Management
Technology
Insurance Companies Face Growing Cyber Risks from Third-Party Attacks
The insurance industry is facing increasing cyber threats, with 59% of breaches among the top 150 insurance companies stemming from third-party attack vectors. These vulnerabilities highlight the need for stronger supply chain security.
February 6
Insurance Industry
Liability
Risk Management
Technology
Federal Appeals Court Questions Google’s Monopoly Defense in Epic Games Case
A federal appeals court panel expressed skepticism over Google’s argument that competition with Apple justifies overturning a jury’s ruling that declared its Android app policies an illegal monopoly.
February 5
Legislation & Regulation
Litigation
Risk Management
Technology
California
District Of Columbia
Virginia
Bringing European Road Safety Strategies to the U.S.
European road safety initiatives, including Vision Zero, are influencing U.S. transportation policies. Experts highlight innovation, enforcement, and education as key factors.
February 5
Auto
Legislation & Regulation
Risk Management
Technology
California
New York
Oregon
Connecticut Man Arrested in $50K iPhone Insurance Fraud Scheme
A Connecticut man was arrested following an investigation into a fraudulent iPhone insurance scheme that involved the use of mules and fake claims to obtain replacement devices.
February 4
Fraud
Insurance Industry
Litigation
Technology
Connecticut
Amazon Hit with Class Action Lawsuit Over Alleged Covert Tracking of California Residents’ Locations
Amazon is facing a class action lawsuit in California, accusing the tech giant of secretly tracking and selling users’ sensitive location data through its advertising software.
January 30
Legislation & Regulation
Litigation
Technology
California
Michigan’s EV Industry Faces Uncertainty as Federal Policies Shift
The federal government’s new stance on electric vehicles creates uncertainty for Michigan’s EV industry, but major investments and industry leaders remain committed to long-term electrification.
January 29
Auto
Legislation & Regulation
Risk Management
Technology
Georgia
Michigan
