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California’s $3.8 Billion Wildfire Technology Plan Aims to Reduce Insurance Losses

California’s $3.8 Billion Wildfire Technology Plan Aims to Reduce Insurance Losses

California is expanding satellites, AI camera networks, airtankers, and drone technology to detect wildfires earlier. State leaders hope reducing structure losses will help stabilize the homeowners insurance market and ease pressure on the FAIR Plan.
July 29 Catastrophe Insurance Industry Property Risk Management Technology California

eBay Agrees to $55.7 Million Settlement Over Harassment and Stalking Campaign

eBay Agrees to $55.7 Million Settlement Over Harassment and Stalking Campaign

A years-long campaign of harassment by former eBay employees resulted in criminal convictions, a multimillion-dollar civil settlement, and renewed attention on corporate accountability, executive oversight, and liability risks.
July 29 Liability Litigation Risk Management Massachusetts

New Illinois Law Makes Boat Liability Insurance Mandatory for Thousands of Owners

New Illinois Law Makes Boat Liability Insurance Mandatory for Thousands of Owners

Beginning January 1, 2027, most Illinois motorboats over 50 horsepower or at least 21 feet long must carry liability insurance. The new law introduces fines for uninsured operators and could reduce the number of uninsured boating claims.
July 29 Legislation & Regulation Liability Marine Underwriting Illinois

AI Drives Record Surge in Software Vulnerability Discoveries at Oracle, Microsoft, and Google

AI Drives Record Surge in Software Vulnerability Discoveries at Oracle, Microsoft, and Google

Major technology companies are fixing security vulnerabilities at a record pace as AI accelerates software testing. While more flaws are being found, there is little evidence that attackers are exploiting them at the same rate.
July 29 Insurance Industry Risk Management Technology

Hurricane Genevieve Sends Massive Surf to Southern California, Raising Coastal Damage Risks

Hurricane Genevieve Sends Massive Surf to Southern California, Raising Coastal Damage Risks

Long-period swells from Hurricane Genevieve are expected to generate dangerous surf, rip currents, and localized coastal impacts across Southern California through the weekend, even without a direct landfall.
July 29 Catastrophe Liability Marine Property Risk Management California

Quantum Computing Could Become Cyber Insurance’s Next Systemic Risk

Quantum Computing Could Become Cyber Insurance’s Next Systemic Risk

Quantum computers capable of breaking today's encryption may still be years away, but insurers are already evaluating how long-term cyber exposures, legacy systems, and post-quantum readiness could affect underwriting and future claims.
July 29 Insurance Industry Risk Management Technology

Johnson & Johnson Agrees to $5.5 Billion Talc Lawsuit Settlement Covering 76,000 Claims

Johnson & Johnson Agrees to $5.5 Billion Talc Lawsuit Settlement Covering 76,000 Claims

The agreement would resolve approximately 76,000 ovarian cancer claims if 95% of eligible plaintiffs approve the deal. The settlement follows years of courtroom battles and failed bankruptcy efforts aimed at resolving the litigation.
July 29 Liability Litigation Risk Management

Federal Bill Seeks Safe Harbor for Insurers Serving State-Legal Cannabis Industry

Federal Bill Seeks Safe Harbor for Insurers Serving State-Legal Cannabis Industry

A bipartisan Senate bill would prevent federal agencies from penalizing insurers that cover state-legal cannabis businesses while preserving state insurance regulation. The proposal also directs the GAO to study financial access barriers for minority-owned and women-owned cannabis companies.
July 27 Insurance Industry Legislation & Regulation Risk Management Underwriting

2.2 Million Vehicles Face Theft Risk from Dealer-Installed Anti-Theft Device Vulnerability

2.2 Million Vehicles Face Theft Risk from Dealer-Installed Anti-Theft Device Vulnerability

Researchers found a vulnerability affecting dealer-installed KARR and related vehicle security systems sold primarily through Southern California dealerships. The manufacturer has issued a firmware update, but vehicle owners must install it through the mobile app.
July 27 Auto Fraud Risk Management Subrogation Technology

Senate Bill Would Make Staged Truck Crash Fraud a Federal Crime

Senate Bill Would Make Staged Truck Crash Fraud a Federal Crime

A bipartisan legislative effort would create a federal crime for intentionally staging crashes involving commercial trucks, giving prosecutors a direct tool to pursue organized fraud rings while insurers push for stronger deterrents.
July 27 Auto Fraud Legislation & Regulation Litigation

Massachusetts Jury Awards $56 Million in Amazon Delivery Truck Crash Injury Case

Massachusetts Jury Awards $56 Million in Amazon Delivery Truck Crash Injury Case

A Massachusetts jury awarded a record $56 million to a Newburyport man who suffered catastrophic injuries after an Amazon delivery driver fell asleep and crossed the center line. Amazon had already admitted liability, leaving damages as the only issue for the jury.
July 27 Auto Liability Litigation Massachusetts

How Smart Glasses Are Transforming Insurance Claims and Field Inspections

How Smart Glasses Are Transforming Insurance Claims and Field Inspections

AI-enabled smart glasses are helping insurers standardize inspections, improve documentation, reduce travel, and support remote claims handling while giving adjusters real-time guidance in the field.
July 27 Catastrophe Property Technology

Hurricane Fausto Forecast Raises Risk of Wind and Rain Impacts for Hawaii

Hurricane Fausto Forecast Raises Risk of Wind and Rain Impacts for Hawaii

The first hurricane to enter the Central Pacific Basin this season is expected to approach Hawaii early next week. Forecasters say confidence is growing that parts of the islands could see wind and rainfall impacts, though the exact track and intensity remain uncertain.
July 24 Catastrophe Property Risk Management Hawaii

Mississippi Revokes 59 Insurance Producer Licenses Over Alleged Residency Fraud

Mississippi Revokes 59 Insurance Producer Licenses Over Alleged Residency Fraud

State regulators say the agents obtained or maintained Mississippi resident producer licenses through material misrepresentation, with investigators finding most lived outside the state. The action follows information provided by CMS and a health insurer and could lead to additional civil and criminal penalties.
July 24 Mississippi

New York Trains 270 Law Enforcement Officials to Combat Auto Insurance Fraud

New York Trains 270 Law Enforcement Officials to Combat Auto Insurance Fraud

Nearly 270 investigators from 55 agencies completed specialized training on staged crashes, fraud investigations, and financial crimes as New York prepares to implement new anti-fraud laws aimed at reducing auto insurance costs.
July 24 Auto Education & Training Fraud Legislation & Regulation New York
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