How a $100 Billion Hurricane Could Strike the US and What Insurers Need to Know
Major U.S. metro areas are increasingly vulnerable to $100 billion hurricane losses. This KCC report shows where it’s most likely and how insurers can prepare for the next big one.
August 29
Catastrophe
Insurance Industry
Property
Risk Management
Connecticut
Florida
Louisiana
Massachusetts
New Jersey
Wyndham Hotel Owner Accused of Orchestrating Vandalism Amid Insurance Dispute
The Wyndham Hotel owner is facing accusations of staging vandalism to claim $12.2 million in insurance damages, prompting a federal fraud countersuit by the insurer.
August 29
Fraud
Insurance Industry
Litigation
Property
Illinois
Detroit Couple to Face Trial over Alleged $150K Disability Insurance Fraud Scheme
A Detroit couple will stand trial on multiple felony charges after allegedly filing fraudulent disability insurance claims totaling $150,000, officials say.
August 29
Fraud
Insurance Industry
Litigation
Michigan
Michigan Insurance Agent Pleads No Contest to Fraud and Agrees to License Forfeiture
A Birmingham-based insurance agent admitted to fraud involving annuity applications for senior clients and will pay over $107K in restitution while surrendering his license.
August 29
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Michigan
US Cyber Insurance Premiums Decline for the First Time Since 2018
US cyber insurance premiums fell 2.3% in 2024, signaling a market shift as carriers focus on underwriting discipline and sustainable growth amid evolving cyber risks.
August 29
Insurance Industry
Risk Management
Technology
Underwriting
Smarter Repair Strategies Help Insurers Tackle Rising Commercial Property Claim Costs
Rising repair costs and labor shortages are reshaping commercial property claims, but managed repair models and pre-loss agreements offer faster, smarter solutions.
August 29
Catastrophe
Insurance Industry
Property
Risk Management
California
Vibe Coding Is Transforming How Insurers Build with AI and Natural Language
Vibe coding lets insurance professionals build AI-powered tools using natural language, accelerating innovation while reshaping roles across the enterprise.
August 29
Education & Training
Insurance Industry
Technology
Massachusetts Insurance Brokers Accused of Stealing Over $700K from Clients
A Massachusetts couple has been charged with wire fraud for allegedly stealing over $700,000 in client premiums through their insurance firm and issuing fake coverage documents.
August 29
Fraud
Insurance Industry
Legislation & Regulation
Property
Massachusetts
GEICO Sues New York Medical Supplier Over Alleged $620K Insurance Fraud Scheme
GEICO is suing a New York supplier it claims defrauded the insurer out of $620,000 through inflated billing, unnecessary medical equipment, and manipulated coding practices.
August 29
Auto
Fraud
Insurance Industry
Litigation
New York
How Insurance Would Cover a Star-Studded Wedding Like Taylor Swift and Travis Kelce’s
From high-limit liability to cyber protection and paparazzi risks, insuring a celebrity wedding like Swift and Kelce’s involves complex underwriting and custom coverage.
August 28
Catastrophe
Insurance Industry
Liability
Risk Management
Anthropic Blocks Hacker Attempts to Exploit Claude AI for Cybercrime
Anthropic has detected and blocked hacker attempts to exploit its Claude AI for cybercrime, including phishing, malware creation, and influence campaigns, the company reported.
August 28
Insurance Industry
Legislation & Regulation
Risk Management
Technology
How Insurtech Is Transforming the Homeowners Insurance Business Model
Homeowners insurance has long struggled with profitability, but new insurtech solutions like LeakBot and Ting aim to cut claims costs through proactive loss prevention.
August 28
Insurance Industry
Property
Risk Management
Technology
What the Dollar Tree Helium Tank Lawsuit Reveals About Insurance Coverage Gaps
A helium tank injury led to a legal fight between Dollar Tree and its insurer. The case shows how coverage exclusions and unclear contracts can leave businesses exposed.
August 26
Insurance Industry
Liability
Litigation
Risk Management
Connecticut
How Subcontractors’ Carriers Can Push Back Against Excessive Builder Demands in Florida Claims
In Florida construction-defect cases, subcontractors’ carriers often face inflated demands from builders. Strategic defense can limit exposure to excessive defense cost claims.
August 26
Insurance Industry
Liability
Litigation
Florida
Waymo Begins Autonomous Vehicle Testing on New York City Streets
Waymo has received New York City’s first permit to test autonomous vehicles with human drivers on board, marking a key step in expanding self-driving operations.
August 25
Auto
Insurance Industry
Legislation & Regulation
Technology
New York
