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Climate Models Grow More Accurate as Insurers Face Rising Extreme Weather Risks

Climate Models Grow More Accurate as Insurers Face Rising Extreme Weather Risks

Advances in climate attribution science are helping insurers better estimate future catastrophe risks, even as political scrutiny over climate models intensifies.
July 10 Catastrophe Insurance Industry Property Risk Management Technology

Florida Roofing Contractor Under Insurance Fraud Investigation Amid Nearly $1 Million in Claims

Florida Roofing Contractor Under Insurance Fraud Investigation Amid Nearly $1 Million in Claims

A Jacksonville roofing contractor is under investigation as customers, employees, and suppliers allege unpaid debts, unfinished roofing projects, and contract disputes totaling nearly $1 million.
July 10 Insurance Industry Litigation Property Florida

Minnesota Fines Health Insurance Company $150,000 After Fraud Investigation

Minnesota Fines Health Insurance Company $150,000 After Fraud Investigation

Minnesota regulators say Seguro Medico misled consumers about the scope of their health insurance coverage and violated multiple state insurance laws. The enforcement action follows guilty pleas in a related federal fraud case.
July 10 Fraud Insurance Industry Legislation & Regulation Life & Health Minnesota

California Wildfire Contractor Fraud Leaves Homeowner Out $18,000

California Wildfire Contractor Fraud Leaves Homeowner Out $18,000

A California wildfire survivor says an unlicensed contractor took an $18,000 payment before abandoning the project. Insurance and fraud experts say similar scams are increasing after natural disasters across the United States.
July 7 Catastrophe Fraud Insurance Industry Property California

Massachusetts Supreme Judicial Court Says Workers’ Comp Rate Cut Lacked Explanation

Massachusetts Supreme Judicial Court Says Workers’ Comp Rate Cut Lacked Explanation

The Massachusetts Supreme Judicial Court upheld regulators' authority to reject proposed workers' compensation rates but ruled they must clearly explain how they arrived at a 14.6% statewide rate reduction. The decision sends the 2024 and 2025 rate rulings back for further review.
July 7 Insurance Industry Legislation & Regulation Underwriting Workers' Compensation Massachusetts

Iowa Insurance Agent Charged in Alleged Identity Theft and Insurance Fraud Scheme

Iowa Insurance Agent Charged in Alleged Identity Theft and Insurance Fraud Scheme

Iowa investigators allege an insurance agent opened policies using the identities of at least 11 family members without their knowledge, generating more than $36,000 in commissionable premiums. The case includes 23 felony charges and one aggravated misdemeanor.
July 6 Fraud Insurance Industry Legislation & Regulation Iowa

State Farm Releases Illinois Weather Data Showing 50,000 Catastrophe Claims Amid Rate Dispute

State Farm Releases Illinois Weather Data Showing 50,000 Catastrophe Claims Amid Rate Dispute

State Farm says Illinois homeowners filed 50,000 severe weather claims through mid-June as tornadoes and hail continue driving losses. The new data adds context to the insurer's ongoing dispute with Illinois regulators over homeowners insurance rates.
July 6 Catastrophe Insurance Industry Legislation & Regulation Property Underwriting Illinois

FIFA World Cup Referee Also Runs Insurance Advisory Business

FIFA World Cup Referee Also Runs Insurance Advisory Business

A FIFA World Cup referee who operates an insurance advisory firm highlights a specialty insurance market that is expanding as abuse, liability exposures, and retention challenges increase for sports officials worldwide.
July 6 Insurance Industry Liability Risk Management Underwriting

JetBlue Reports Suspected Drone Strike on JFK Approach as FAA Investigates

JetBlue Reports Suspected Drone Strike on JFK Approach as FAA Investigates

A JetBlue Airbus landed safely after the crew reported a drone strike during its approach to JFK. The incident highlights unresolved questions about aviation liability, subrogation, and insurance coverage when drone operators cannot be identified.
June 30 Insurance Industry Liability Property Risk Management Subrogation New York

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

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
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