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Contractor Hit With Potential $2M Judgment After Inflated Hail Claim Scheme

Contractor Hit With Potential $2M Judgment After Inflated Hail Claim Scheme

A Colorado jury found a contractor intentionally interfered with an insurance contract after allegedly inflating a church hail damage claim. The verdict highlights growing insurer scrutiny of contractor involvement in appraisal disputes and claim inflation.
May 28 Catastrophe Fraud Legislation & Regulation Litigation Property Colorado

Insurance Industry Faces Growing Skills Gap as AI Adoption Accelerates

Insurance Industry Faces Growing Skills Gap as AI Adoption Accelerates

The Institutes Knowledge Group's 2026 Skills Report finds AI literacy, claims expertise, leadership, and risk management skills are becoming critical as insurance roles evolve.
May 28 Catastrophe Education & Training Insurance Industry Liability Property

West Coast Chemical Tank Failures Spotlight Inspection Gaps and Industrial Safety Risks

West Coast Chemical Tank Failures Spotlight Inspection Gaps and Industrial Safety Risks

Deadly incidents in Washington and California are drawing attention to chemical storage inspections, emergency planning, and the risks tied to aging industrial tanks. Regulators and safety experts say maintenance failures can quickly escalate into major claims events.
May 28 Catastrophe Legislation & Regulation Liability Litigation Property California Washington

Global Transactional Risk Claims Jump 34% in 2025

Global Transactional Risk Claims Jump 34% in 2025

A new Marsh report shows global transactional risk insurance claims rose 34% in 2025, with financial statement breaches accounting for more than half of total paid losses and insurers paying nearly $650 million worldwide.
May 28 Insurance Industry Litigation Risk Management Technology Underwriting

Economic Stress Pushes Insurance Customers to Shop and Switch Carriers

Economic Stress Pushes Insurance Customers to Shop and Switch Carriers

Economic pressure and rising insurance premiums are driving record shopping activity, forcing carriers to rethink retention strategies, customer communication, and AI-driven workflows.
May 28 Auto Insurance Industry Risk Management Technology Underwriting

CNN Sues Perplexity Over Alleged Copyright Infringement and AI Content Use

CNN Sues Perplexity Over Alleged Copyright Infringement and AI Content Use

CNN alleges Perplexity unlawfully used and distributed copyrighted news content through its AI search platform. The lawsuit adds to mounting legal pressure on AI companies over publisher rights and compensation.
May 28 Insurance Industry Litigation Risk Management Technology

California Chemical Tank Emergency Leaves 16,000 Displaced After Explosion Threat Eases

California Chemical Tank Emergency Leaves 16,000 Displaced After Explosion Threat Eases

Officials allowed more than half of evacuated residents to return home after pressure inside a volatile chemical tank dropped, though thousands remain displaced as investigations continue into the industrial incident.
May 26 Catastrophe Insurance Industry Liability Litigation Property California

Contractor Fraud Awareness Week Puts Focus on Storm Chasing Roofing Schemes

Contractor Fraud Awareness Week Puts Focus on Storm Chasing Roofing Schemes

As Contractor Fraud Awareness Week continues nationwide, roofing contractors, insurers, and adjusters are warning homeowners about storm chasing scams, inflated claims, and post-disaster fraud risks.
May 21 Catastrophe Fraud Insurance Industry Property Risk Management

Southern California Wildfire Threatens 17,000 Homes as Sandy Fire Reaches 30% Containment

Southern California Wildfire Threatens 17,000 Homes as Sandy Fire Reaches 30% Containment

Fire crews gained ground overnight as calmer winds helped containment efforts near Simi Valley. Thousands remain under evacuation orders as wildfire risk continues across Southern California.
May 21 Catastrophe Property Risk Management California

Insurers, Pharmacies Win $885 Million Verdict Against Takeda in Generic Drug Lawsuit

Insurers, Pharmacies Win $885 Million Verdict Against Takeda in Generic Drug Lawsuit

A federal jury found Takeda used an anticompetitive settlement to delay generic Amitiza, exposing the drugmaker to potentially billions in damages under federal antitrust law. The verdict is the first plaintiff win in a jury trial involving pharmaceutical pay-for-delay claims since a 2013 U.S. Supreme Court ruling.
May 21 Insurance Industry Legislation & Regulation Life & Health Litigation Massachusetts

Munich Re: 2026 Atlantic Hurricane Season Expected to Weaken as Typhoon Risk Rises

Munich Re: 2026 Atlantic Hurricane Season Expected to Weaken as Typhoon Risk Rises

Munich Re says El Niño conditions could suppress Atlantic hurricane activity while increasing typhoon risks across the western Pacific. The reinsurer warns that even a quiet season can still produce catastrophic insured losses.
May 21 Catastrophe Insurance Industry Property Risk Management Underwriting

Pet Insurance Adoption Climbs as Veterinary Costs Push Owners Toward Coverage

Pet Insurance Adoption Climbs as Veterinary Costs Push Owners Toward Coverage

AI-powered claims handling, rising veterinary costs, and employer-sponsored coverage are reshaping the pet insurance market worldwide. Insurers are betting on faster claims payments and digital distribution to close the large uninsured pet gap in the U.S.
May 19 Insurance Industry Property Risk Management Technology Underwriting

How AI and Real-Time Data Are Changing Homeowners Insurance Underwriting

How AI and Real-Time Data Are Changing Homeowners Insurance Underwriting

Insurers are relying on AI, analytics, and cross-functional collaboration to manage rising catastrophe losses, aging homes, and hyper-local property risks. The changes are also affecting claims handling, pricing accuracy, and coverage clarity.
May 19

NHC Begins 2026 Atlantic Hurricane Outlooks

NHC Begins 2026 Atlantic Hurricane Outlooks

The National Hurricane Center has begun issuing daily Atlantic Tropical Weather Outlooks for the 2026 season. No tropical cyclone formation is expected over the next seven days, but parts of Florida and the Southeast Coast are being watched as higher-risk areas this year.
May 18 Auto Catastrophe Insurance Industry Marine Property Florida North Carolina South Carolina

AI-Generated Claim Fraud Forces Adjusters to Rethink Investigations

AI-Generated Claim Fraud Forces Adjusters to Rethink Investigations

Fraudsters are using AI to create convincing photos, invoices, medical records and identities. Adjusters need stronger verification, native files, field investigation and clear evidence before denying a claim.
May 18 Auto Fraud Insurance Industry Litigation Property
Omega Forensic Engineering, IncAspen Claims ServiceNationwide OversprayU.S. Forensic