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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

Duke Energy Warns of Potential Outages During Carolinas Heat Emergency

Duke Energy Warns of Potential Outages During Carolinas Heat Emergency

Utility warns record electricity demand could force outages in the Carolinas unless generators are allowed to temporarily exceed environmental permit limits during a multi-day heat event.
June 12 Catastrophe Insurance Industry Legislation & Regulation Property Risk Management North Carolina South Carolina

SpaceX IPO Could Reshape D&O Insurance and Securities Claims Risk

SpaceX IPO Could Reshape D&O Insurance and Securities Claims Risk

SpaceX's proposed shareholder arbitration requirements and a surge in AI-related IPOs could change securities litigation exposure while prompting insurers to broaden D&O coverage offerings.
June 12 Insurance Industry Legislation & Regulation Liability Litigation Underwriting

Project Jetsetter Exposes International Auto Insurance Fraud Network in Canada

Project Jetsetter Exposes International Auto Insurance Fraud Network in Canada

A multi-year investigation uncovered organized criminal groups linked to staged collisions, vehicle financing fraud, and false insurance claims that generated millions in losses and drove up costs for insurers and policyholders.
June 8 Auto Fraud Insurance Industry Legislation & Regulation Technology

Meta Fraud Exposure Raises New Liability Questions for Insurers

Meta Fraud Exposure Raises New Liability Questions for Insurers

New fraud data from Lloyds Bank and recent U.S. court rulings are increasing scrutiny of Meta's role in online scams, creating new questions about liability, insurance coverage, cyber risk, and potential subrogation opportunities.
June 8 Fraud Insurance Industry Legislation & Regulation Litigation Risk Management

Insurance Executive Sentenced to 12 Years in $2 Billion Fraud Scheme

Insurance Executive Sentenced to 12 Years in $2 Billion Fraud Scheme

Federal prosecutors said insurance company reserves were diverted through affiliated entities, leaving thousands of policyholders still owed more than $1 billion while regulators uncovered bribery and fraud allegations.
May 28 Fraud Insurance Industry Legislation & Regulation Litigation Risk Management North Carolina

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

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

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

Georgia Agent Accused of Selling Fake Workers’ Comp Insurance

Georgia Agent Accused of Selling Fake Workers’ Comp Insurance

Georgia regulators say businesses may have received fraudulent workers' compensation certificates and believed they had valid coverage when they did not.
May 18 Fraud Insurance Industry Legislation & Regulation Workers' Compensation Georgia

Dallas Financial Executive Convicted in $150 Million Insurance-Linked Fraud Scheme

Dallas Financial Executive Convicted in $150 Million Insurance-Linked Fraud Scheme

Federal prosecutors said Brad Heppner used shell companies, falsified records, and misleading debt transactions tied to GWG Holdings and Beneficient, leaving thousands of investors facing major losses.
May 13 Fraud Insurance Industry Legislation & Regulation Life & Health Litigation Texas

New York Bill Would Extend 9/11 Workers’ Comp to National Guard Responders

New York Bill Would Extend 9/11 Workers’ Comp to National Guard Responders

New York lawmakers are trying to reopen workers' compensation access for National Guard members who served at Ground Zero but were excluded from prior 9/11 responder coverage.
May 7 Insurance Industry Legislation & Regulation Life & Health Workers' Compensation New York

PFAS Scrutiny Reaches Consumer Apparel With Texas Lululemon Probe

PFAS Scrutiny Reaches Consumer Apparel With Texas Lululemon Probe

Texas regulators are examining whether athletic apparel marketed as health-conscious may contain PFAS chemicals, adding pressure on consumer brands and raising liability concerns for manufacturers and insurers.
May 7 Insurance Industry Legislation & Regulation Liability Litigation Risk Management Texas

Cyber Claim Severity Doubles as AI Attacks and Privacy Lawsuits Drive Losses

Cyber Claim Severity Doubles as AI Attacks and Privacy Lawsuits Drive Losses

Chubb's 2026 report shows fewer cyber claims for large U.S. businesses, but far higher losses tied to AI-enabled attacks, ransomware, privacy litigation, and supply-chain disruptions.
May 5 Insurance Industry Legislation & Regulation Liability Litigation Risk Management

Public Adjuster Charged in $140K Insurance Payout Theft Case

Public Adjuster Charged in $140K Insurance Payout Theft Case

Pennsylvania prosecutors allege a public adjuster diverted insurance claim funds meant for homeowners and contractors after storm, flood and property damage claims.
April 30 Fraud Insurance Industry Legislation & Regulation Property Pennsylvania
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