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Miami’s Super Yacht Boom Leaves Derelict Boats, Rising Marine Risks, and Insurance Challenges

Miami’s Super Yacht Boom Leaves Derelict Boats, Rising Marine Risks, and Insurance Challenges

As luxury yacht ownership expands across South Florida, abandoned vessels, marina shortages, and rising boating accidents are creating new risks for insurers, marine adjusters, and local governments.
June 29 Insurance Industry Liability Marine Property Risk Management Florida

Rising Insurance Costs Put Performance Car Ownership Out of Reach

Rising Insurance Costs Put Performance Car Ownership Out of Reach

Higher theft rates, expensive repairs and underwriting changes are making high-performance vehicles increasingly difficult to insure, even as used prices become more attractive.
June 29 Auto Insurance Industry Risk Management Underwriting California Florida New York

NAIC Confirms 3.1TB Data Published After Cyberattack by ShinyHunters

NAIC Confirms 3.1TB Data Published After Cyberattack by ShinyHunters

The publication of stolen NAIC data has interrupted investment designation activities and highlights how attacks on insurance regulators can ripple across the industry. Investigators continue to assess the breach while insurers monitor potential operational and cybersecurity impacts.
June 29 Insurance Industry Legislation & Regulation Risk Management Technology

Washington Restaurants Ordered to Pay $750K in Unpaid Wages

Washington Restaurants Ordered to Pay $750K in Unpaid Wages

A federal court ordered four Washington restaurants to pay $750,000 in back wages and damages to 42 workers after a U.S. Department of Labor investigation found overtime, minimum wage, child labor, and retaliation violations.
June 29 Legislation & Regulation Litigation Washington

Supreme Court Rules Roundup Cancer Claims Barred by Federal Pesticide Labeling Law

Supreme Court Rules Roundup Cancer Claims Barred by Federal Pesticide Labeling Law

The 7-2 decision overturns a Missouri jury verdict and finds federal pesticide labeling law preempts state failure-to-warn claims. The ruling could significantly reduce Bayer's exposure in thousands of pending Roundup lawsuits.
June 25 Legislation & Regulation Liability Litigation Risk Management

Venezuela Earthquake Raises Questions Over Insurance and Parametric Coverage

Venezuela Earthquake Raises Questions Over Insurance and Parametric Coverage

A magnitude 7.5 earthquake struck near Caracas after a strong foreshock, prompting warnings of widespread casualties, major economic damage, and uncertainty over insured losses and parametric coverage.
June 25 Catastrophe Property Risk Management

Could a Hurricane Impact the World Cup? History Shows the Risk for Host Cities

Could a Hurricane Impact the World Cup? History Shows the Risk for Host Cities

Historical hurricane data shows tropical storm threats remain relatively low during the World Cup, but several host cities have experienced damaging storms, flooding, and infrastructure losses during June and July.
June 24 Catastrophe Insurance Industry Property Risk Management California Florida Georgia Massachusetts Missouri

When Should Insurers Scale AI? Industry Executives Point to Business Readiness

When Should Insurers Scale AI? Industry Executives Point to Business Readiness

Insurance technology leaders say successful AI adoption depends on workflow integration, human oversight, and clear business outcomes rather than technical sophistication alone. Carriers that delay adoption too long risk falling behind a rapidly changing market.
June 24 Education & Training Insurance Industry Technology Underwriting

Texas Man Charged in Utah Ghost Broker Scheme Involving 1,100 Fraudulent Auto Insurance Policies

Texas Man Charged in Utah Ghost Broker Scheme Involving 1,100 Fraudulent Auto Insurance Policies

Utah regulators say a Texas man used false information to obtain more than 1,100 auto insurance policies and collected payments from consumers whose coverage could have been invalid when claims were filed.
June 24 Auto Fraud Insurance Industry Legislation & Regulation Litigation Texas Utah

Roof Replacement Cycles Shrink as Climate Conditions Increase Property Claims Exposure

Roof Replacement Cycles Shrink as Climate Conditions Increase Property Claims Exposure

New Nearmap research finds that heat, humidity, temperature swings and heavier rainfall are accelerating roof deterioration, increasing replacement frequency and creating new challenges for insurers and claims professionals.
June 24 Catastrophe Insurance Industry Property Risk Management Technology

Health Care Fraud Crackdown Targets $6.5 Billion in Alleged False Claims

Health Care Fraud Crackdown Targets $6.5 Billion in Alleged False Claims

Federal prosecutors announced charges against hundreds of defendants in alleged Medicare, Medicaid, wound care, opioid, hospice, and behavioral health fraud schemes. Investigators credited advanced data analytics and coordinated enforcement efforts for identifying the cases.
June 23 Fraud Legislation & Regulation Life & Health Risk Management Technology

CareFirst Files RICO Lawsuit Over Alleged $50 Million Health Insurance Fraud

CareFirst Files RICO Lawsuit Over Alleged $50 Million Health Insurance Fraud

A federal lawsuit claims hundreds of ineligible individuals were enrolled in Maryland-based health plans through an alleged scheme involving fraudulent residency information and referral networks.
June 23 Fraud Insurance Industry Life & Health Litigation Maryland

AI May Soon Bypass Current Cybersecurity Systems, Five Eyes Alliance Says

AI May Soon Bypass Current Cybersecurity Systems, Five Eyes Alliance Says

The Five Eyes intelligence alliance says advanced AI models could surpass current cybersecurity protections within months, increasing risks for businesses, insurers, and critical infrastructure operators.
June 23 Insurance Industry Risk Management Technology

Verisk: U.S. Property and Casualty Industry Combined Ratio Improves to 92.4%

Verisk: U.S. Property and Casualty Industry Combined Ratio Improves to 92.4%

Improved personal auto results and lower catastrophe losses helped U.S. property and casualty insurers return to strong underwriting profitability. Claims severity and litigation-related costs remain significant concerns for carriers.
June 23 Auto Catastrophe Insurance Industry Legislation & Regulation Litigation

Apple and Tesla Data Exposed in Massive Electronics Cyber Breach

Apple and Tesla Data Exposed in Massive Electronics Cyber Breach

A ransomware group claims it leaked more than 630GB of files stolen from Tata Electronics, triggering questions about supply chain cyber risk, intellectual property exposure, and insurance coverage obligations.
June 23 Insurance Industry Risk Management Technology Underwriting
Primeau ForensicsOmega Forensic Engineering, IncAspen Claims ServiceKelmar GlobalNationwide Overspray