Severe Storms in US and Europe Trigger Massive Insured Losses
Severe storms across the US and Europe from late May to early June caused extensive hail, flood, and wind damage, with insured losses reaching into the billions.
June 9
Catastrophe
Insurance Industry
Property
Risk Management
Illinois
Iowa
Kansas
Missouri
Texas
Philadelphia Transit Lot Fire Destroys 40 Decommissioned Buses
A fire at a SEPTA bus lot in Philadelphia destroyed 40 decommissioned vehicles but caused no injuries or disruptions to commuter service, officials said.
June 9
Catastrophe
Insurance Industry
Property
Risk Management
Pennsylvania
Food Delivery Giants Resolve Legal Fight Over NYC Wage and Fee Laws
DoorDash, Grubhub, and Uber Eats settled lawsuits over New York City laws boosting delivery worker pay and capping restaurant fees, paving the way for legal revisions.
June 9
Insurance Industry
Legislation & Regulation
Risk Management
Workers' Compensation
New York
Florida Property Insurers Return to Profit in 2024 After Eight-Year Losing Streak
Following legislative reforms and shifting market dynamics, Florida’s personal property insurers posted underwriting profits in 2024 for the first time in nearly a decade.
June 4
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
Illinois Doctor Faces Sentencing for Defrauding Medicaid and Insurance Providers
Dr. Mona Ghosh, a suburban Chicago physician, awaits sentencing after pleading guilty to submitting $1.5 million in false insurance and Medicaid claims.
June 4
Fraud
Insurance Industry
Life & Health
Litigation
Illinois
Long COVID Drives Most Workers’ Comp COVID Costs in California
A new study reveals that although Long COVID made up just 4.7% of California workers’ comp COVID claims, it accounted for nearly three-quarters of total claim costs from 2020 to 2022.
June 4
Insurance Industry
Life & Health
Risk Management
Workers' Compensation
California
Investigators Say Central California Carjacking Was Staged as Insurance Fraud
A reported van theft involving $60,000 in merchandise near Madera, California was revealed to be a staged event for insurance money, authorities say.
June 4
Auto
Fraud
Insurance Industry
Property
California
Mondelez Sues Aldi Over Lookalike Packaging for Store-Brand Cookies and Crackers
Mondelez International has filed a federal lawsuit in Illinois accusing Aldi of copying the packaging of iconic snacks like Oreos and Wheat Thins, citing brand confusion and trademark infringement.
June 4
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
Illinois
Teen Driver Crash Fatalities Spike During Summer Months, AAA Warns
Fatal crashes involving teen drivers increase sharply during the summer, with AAA urging parents to prioritize driver education and limit distracted driving.
June 4
Auto
Education & Training
Risk Management
Technology
Victoria’s Secret Temporarily Shuts Down Website After Cybersecurity Breach
Victoria’s Secret shut down its website and systems on May 26 following a cyber incident, restoring services by May 29. Some in-store functions were also briefly disrupted.
June 4
Insurance Industry
Property
Risk Management
Technology
NOAA Pushes to Fill Weather Forecasting Gaps as Staffing Crisis Collides with Hurricane Season
NOAA will post mission-critical weather jobs despite a federal hiring freeze, aiming to stabilize forecasting operations ahead of a hurricane season forecast to be severe.
June 4
Catastrophe
Legislation & Regulation
Risk Management
Technology
Over 1,000 Former Rugby Players Sue Over Concussion-Related Brain Injuries
A growing group of former professional rugby players now totals over 1,100 in a lawsuit alleging negligence by rugby governing bodies in preventing brain injuries.
June 4
Legislation & Regulation
Life & Health
Litigation
Risk Management
Lafayette Parish Crash Leads to $10 Million Insurance Fraud Investigation
Authorities in Louisiana arrested three men accused of staging a crash that led to nearly $10 million in fraudulent insurance claims involving juveniles.
June 4
Auto
Fraud
Insurance Industry
Litigation
Louisiana
AI Uncovers Insurance Fraud Weeks Ahead of Traditional Detection Methods
New research shows AI tools can flag potentially fraudulent property and casualty claims just two weeks after filing, outperforming traditional investigation methods.
June 4
Fraud
Insurance Industry
Property
Technology
Arizona
Michigan
Slightly Stronger 2025 Hurricane Season Expected Amid Climate Uncertainty
Forecasters anticipate a slightly above-average 2025 hurricane season in the Atlantic, though key uncertainties in ENSO and sea temperatures complicate predictions.
June 4
Catastrophe
Insurance Industry
Property
Risk Management
Florida
