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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

Cannabis Rescheduling Drives New Insurance Capacity but Raises Compliance Risks

Cannabis Rescheduling Drives New Insurance Capacity but Raises Compliance Risks

Federal reclassification improves financial outlook for medical marijuana operators but leaves insurers navigating complex compliance and liability risks.
April 28 Excess & Surplus Lines Insurance Industry Legislation & Regulation Liability Property

Court Upholds Insurer Flexibility in Actual Cash Value Calculations

Court Upholds Insurer Flexibility in Actual Cash Value Calculations

A major appellate ruling limits class actions over vehicle valuation methods while preserving insurer flexibility in determining actual cash value.
April 28 Auto Legislation & Regulation Litigation Risk Management Tennessee

DOJ Targets Egg Producers in Antitrust Probe Over Price Coordination

DOJ Targets Egg Producers in Antitrust Probe Over Price Coordination

Federal investigators focus on pricing data sharing and supply constraints as egg market volatility raises legal and insurance implications.
April 20 Insurance Industry Legislation & Regulation Litigation Property Risk Management

New Hampshire Manufacturer Fined $1.5M for Clean Water Act Violations and Cover-Up

New Hampshire Manufacturer Fined $1.5M for Clean Water Act Violations and Cover-Up

Federal prosecutors detail a years-long scheme to bypass environmental monitoring, raising liability and compliance concerns for insurers and adjusters.
April 16 Legislation & Regulation Liability Litigation Property Risk Management New Hampshire New York

New Kansas Law Lowers Barrier for Civil Insurance Fraud Cases

New Kansas Law Lowers Barrier for Civil Insurance Fraud Cases

New law allows civil prosecution of fraud, mandates disclosure of expunged records for adjuster licensing, and expands antifraud duties to assigned claims plans.
April 13 Auto Fraud Insurance Industry Legislation & Regulation Property Kansas
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