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AI-Powered Health Insurance Fraud Forces Carriers to Strengthen Defenses

AI-Powered Health Insurance Fraud Forces Carriers to Strengthen Defenses

Health insurers are investing in voice authentication, deepfake detection, and advanced analytics as criminals use AI-generated records, synthetic identities, and automated calls to exploit healthcare systems.
June 22 Fraud Insurance Industry Life & Health Risk Management Technology

Moody’s: US Uninsured Flood Losses Could Top $1 Trillion as Flood Protection Gap Widens

Moody’s: US Uninsured Flood Losses Could Top $1 Trillion as Flood Protection Gap Widens

A Moody's analysis found that uninsured residential flood losses could exceed $1 trillion in an extreme flood scenario, with most counties carrying significant protection gaps and growing exposure beyond FEMA flood maps.
June 22 Catastrophe Insurance Industry Property Risk Management Technology

Adjuster Shortage Accelerates AI Adoption Across Insurance Claims Operations

Adjuster Shortage Accelerates AI Adoption Across Insurance Claims Operations

As experienced adjusters retire and hiring challenges persist, insurers are deploying AI to improve correspondence, training, quality control, and claims handling capacity while keeping decision-making in human hands.
June 22 Education & Training Insurance Industry Risk Management Technology

79% of Global Data Center Capacity Faces Elevated Climate Risk

79% of Global Data Center Capacity Faces Elevated Climate Risk

As data center construction accelerates worldwide, new research finds that flood, heat, wildfire, wind, and drought exposures are becoming significant drivers of operating costs, insurance demand, and long-term asset performance.
June 22 Catastrophe Insurance Industry Property Risk Management Technology Virginia

Novo Nordisk Rejects $25M Ransom After Hackers Steal 1.3TB of Sensitive Data

Novo Nordisk Rejects $25M Ransom After Hackers Steal 1.3TB of Sensitive Data

Hackers claim they spent more than two months inside the pharmaceutical company's network before stealing 1.3 terabytes of data. The breach highlights growing cyber extortion risks facing large organizations and their insurers.
June 19 Insurance Industry Liability Risk Management Technology

Hypothetical Category 4 Hurricane Reveals Hawaii’s Catastrophic Risk Exposure

Hypothetical Category 4 Hurricane Reveals Hawaii’s Catastrophic Risk Exposure

A Hawaii weather team's simulation of a direct hurricane strike on Pearl Harbor highlights the potential for catastrophic wind damage, storm surge losses, and major challenges for emergency responders, insurers, and property owners.
June 19 Catastrophe Insurance Industry Property Risk Management Hawaii

Pennsylvania Supreme Court Allows Physician Referrals to Pharmacies They Own

Pennsylvania Supreme Court Allows Physician Referrals to Pharmacies They Own

A Pennsylvania Supreme Court ruling found that the state's workers' compensation self-referral law does not apply to pharmacies, allowing physicians to refer injured workers to pharmacies in which they have a financial interest. The decision could fuel ongoing disputes over prescription drug costs and billing practices.
June 19 Fraud Insurance Industry Legislation & Regulation Workers' Compensation Pennsylvania

McBee Dynasty Star Faces 2027 Trial Over Alleged Fraudulent Asset Transfers

McBee Dynasty Star Faces 2027 Trial Over Alleged Fraudulent Asset Transfers

Federal prosecutors allege reality television personality and convicted crop insurance fraud defendant Steve McBee transferred valuable business interests to his sons while under investigation. The family disputes the claims and argues the transfers followed long-established trust practices.
June 19 Fraud Insurance Industry Litigation Risk Management Missouri Nebraska South Dakota

NICB Warns of Contractor Fraud Following Illinois Tornado Surge as Storm Losses Rise

NICB Warns of Contractor Fraud Following Illinois Tornado Surge as Storm Losses Rise

Illinois has recorded 140 tornadoes in 2026, prompting the National Insurance Crime Bureau to warn residents about contractor fraud schemes that often emerge after major disasters. The alert comes as severe convective storm losses continue to generate tens of billions in insured claims annually.
June 19 Catastrophe Fraud Litigation Property Risk Management Illinois

Hurricane Center Raises Odds of First Tropical Storm Forming in Gulf

Hurricane Center Raises Odds of First Tropical Storm Forming in Gulf

The National Hurricane Center increased development odds for a disturbance expected to move into the Gulf, with flooding concerns growing for Texas, Louisiana, and Mississippi and tropical watches potentially needed this week.
June 15 Catastrophe Insurance Industry Property Risk Management Louisiana Mississippi Texas

SpaceX IPO Raises Novel Insurance Question About Elon Musk Risk

SpaceX IPO Raises Novel Insurance Question About Elon Musk Risk

SpaceX's public filings place extraordinary emphasis on Elon Musk's role in the company's value. A new legal analysis argues that investors may have a legitimate insurable interest in his continued life under Texas law, raising broader questions about key person risk and insurance capacity.
June 12 Insurance Industry Legislation & Regulation Litigation Risk Management Underwriting

Claims AI Adoption Depends on Adjuster Buy-In, Not Technology Alone

Claims AI Adoption Depends on Adjuster Buy-In, Not Technology Alone

Two claims leaders explain why leadership support, adjuster trust, and workflow integration matter more than the AI purchase itself when deploying claims technology.
June 12 Catastrophe Education & Training Insurance Industry Litigation Risk Management

Climate Change Makes Extreme Coastal Floods 12 Times More Likely, Study Finds

Climate Change Makes Extreme Coastal Floods 12 Times More Likely, Study Finds

New research finds that extreme coastal flooding events once considered rare are occurring far more often due to sea level rise linked to human-caused climate change. The findings carry significant implications for insurers, catastrophe planners, and coastal communities.
June 12 Catastrophe Insurance Industry Property Risk Management Underwriting

Ford Focus Recall Renews Auto Insurance Subrogation Concerns

Ford Focus Recall Renews Auto Insurance Subrogation Concerns

A recurring engine stall defect affecting more than 255,000 Ford Focus vehicles highlights potential liability exposures, claims severity concerns, and the importance of preserving evidence for subrogation recovery.
June 12 Auto Insurance Industry Liability Risk Management Subrogation

23andMe Agrees to $46.75M Deal to Resolve Data Breach Claims

23andMe Agrees to $46.75M Deal to Resolve Data Breach Claims

A bankruptcy plan administrator agreed to distribute $46.75 million to resolve litigation tied to the 2023 cyberattack, with cyber insurers funding a significant portion of the settlement.
June 12 Insurance Industry Litigation Risk Management Technology
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