Maryland Couple Sentenced for $20 Million Life Insurance Scam Involving Dozens of Fraudulent Policies
James and Maureen Wilson of Owings Mills, Maryland, received prison time and must repay over $18.7 million after orchestrating a massive life insurance fraud scheme.
July 10
Fraud
Insurance Industry
Life & Health
Litigation
Maryland
New Report Ranks Safest and Riskiest U.S. Cities for Drivers in 2025
Allstate’s 2025 America’s Best Drivers Report reveals which U.S. cities saw the greatest improvements and setbacks in collision rates based on auto claims data.
July 10
Auto
Property
Risk Management
Technology
Reinsurance Market Turns Favorable for Buyers as Capital Surges in Midyear 2025 Renewals
Record reinsurer capital and strong insurer performance are driving lower rates and broader coverage in the 2025 midyear reinsurance renewals, Aon reports.
July 10
Catastrophe
Litigation
Property
California
Florida
Why Coreless Architecture Is the Key to Scalable AI in Insurance
Insurers are adopting coreless architecture to scale AI, enhance digital servicing, and meet regulatory demands without discarding legacy core systems or disrupting operations.
July 10
Insurance Industry
Risk Management
Technology
Underwriting
Insurance Industry Expands AI Use but Faces Challenges in Scaling and Customer Trust
A new report reveals that while most insurers have adopted AI, fragmented deployment, data issues, and a trust gap hinder enterprise-wide scale and customer-facing value.
July 10
Education & Training
Risk Management
Technology
Corporate Sustainability Strategies Gain Traction as Companies Eye Profitable Climate Resilience
Most companies now view sustainability as a value driver, with 88% recognizing profit potential despite high investment costs and climate-related operational challenges.
July 7
Insurance Industry
Property
Risk Management
Technology
Rhode Island Sets New Standards for Pet Insurance Policies and Sales Practices
Rhode Island’s new Pet Insurance Act introduces detailed consumer protections, requiring clear disclosures and training for producers starting January 1, 2026.
July 7
Education & Training
Insurance Industry
Legislation & Regulation
Life & Health
Rhode Island
Lululemon Sues Costco Over Lookalike Apparel Alleging Consumer Confusion
Lululemon claims Costco’s low-cost apparel mimics its trademarked designs, misleading customers and violating trade dress protections under U.S. trademark law.
July 7
Insurance Industry
Liability
Litigation
Risk Management
California
Louis Vuitton Reports Data Breach Affecting Customer Information
Louis Vuitton Korea disclosed a data breach from unauthorized access to its system, exposing select customer information while assuring no financial data was compromised.
July 7
Insurance Industry
Liability
Risk Management
Technology
AI Is Redefining Insurance from the Cloud Up
AI is no longer a back-office tool but a core force transforming how insurance is underwritten, processed, and scaled—with cloud, GenAI, and agentic systems leading the charge.
July 7
Education & Training
Insurance Industry
Technology
Underwriting
Louisiana Supreme Court Ruling Strengthens Contractor Defense in Road Signage Dispute
A Louisiana Supreme Court decision clarifies summary judgment standards, strengthening contractor defenses and reducing litigation exposure for insurers in similar cases.
July 7
Insurance Industry
Legislation & Regulation
Litigation
Property
Louisiana
How to Manage Property Risk in 2025 with Smarter Valuation and Technology
As extreme weather events and insurance costs rise, property owners must adopt data-driven valuation, smart tech, and alternative coverage to remain insurable.
July 7
Catastrophe
Property
Risk Management
Technology
California
Florida
Flood Forecasting Defended by NWS as Critics Question Impact of Staffing Cuts
After deadly Texas floods, the National Weather Service faces scrutiny over Trump-era staffing cuts, though experts say forecasts were timely and accurate despite leadership gaps.
July 7
Catastrophe
Legislation & Regulation
Risk Management
Technology
Texas
U.S. Cyber Insurance Premiums Experience First-Ever Decline Amid Pricing Adjustments
U.S. cyber insurance premiums declined by 2.3% in 2024, driven by rate reductions even as claims frequency rose, highlighting evolving market risks and pricing trends.
July 2
Insurance Industry
Liability
Risk Management
Technology
How Water Leak Sensors Are Transforming Insurance Economics
Bolt’s successful integration of IoT water sensors with homeowner policies significantly reduces water damage claims, reshaping insurance profitability.
July 2
Property
Risk Management
Technology
Underwriting
