Woman Sentenced to Prison for $650,000 Crop Insurance Fraud Scheme
Jatinderjeet ‘Jyoti’ Sihota will serve one year in prison for orchestrating a crop insurance fraud scheme that led to over $650,000 in fraudulent payouts in California.
April 29
Fraud
Insurance Industry
Litigation
Property
California
Natural Catastrophe Insurance Losses Could Hit $145 Billion in 2025 as Peak Loss Risk Grows
Global catastrophe insurance losses are projected to grow steadily, with a 1-in-10 chance of topping $300 billion in 2025, driven by climate change, urbanization, and rising exposure values.
April 29
Catastrophe
Insurance Industry
Property
Risk Management
2025 Southeast Texas Hurricane Guide Released for Upcoming Season
The National Weather Service Houston/Galveston office has published the 2025 Hurricane and Severe Weather Guide, offering Southeast Texas residents crucial preparedness tips for the season ahead.
April 28
Catastrophe
Insurance Industry
Property
Risk Management
Texas
States in Hurricane Zones Face Bigger Disaster Costs as Federal Support Shrinks
States like Maryland are preparing for a busier hurricane season with fewer FEMA resources after nationwide cuts to disaster mitigation funding and staffing.
April 28
Catastrophe
Legislation & Regulation
Property
Risk Management
Maryland
How Property and Casualty Insurers Can Combat Fraud with AI-Driven Multimodal Technologies
Property and casualty insurers can leverage AI-powered multimodal fraud detection to protect their bottom lines, lower costs for policyholders, and reduce fraudulent claims.
April 28
Fraud
Insurance Industry
Property
Technology
Vehicle Thefts Drop to Historic Low in 2024
The U.S. saw fewer than one million vehicle thefts in 2024—a 16.7% drop from 2023 and the biggest decline in four decades, with Kia and Hyundai models leading theft stats.
April 23
Auto
Fraud
Property
Risk Management
New Jersey Wildfire Grows to 8,500 Acres as Evacuations and Power Outages Mount
The Jones Road Wildfire near Toms River has burned 8,500 acres with less than 10% containment, prompting evacuations and threatening over 1,000 structures in Ocean County, New Jersey.
April 23
Catastrophe
Insurance Industry
Property
Risk Management
New Jersey
Neutral Pacific Waters Signal Potential Spike in Atlantic Hurricanes
With La Niña officially over and El Niño unlikely, the Atlantic may face an active hurricane season as neutral Pacific conditions remove key storm barriers.
April 21
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
Florida
Louisiana
Mississippi
Texas
How Agentic AI Is Transforming Insurance and Financial Services with Next Best Action Technology
Agentic AI is reshaping insurance and financial services by empowering digital coworkers to drive timely, compliant, and actionable decisions at scale.
April 18
Property
Risk Management
Technology
California
Homeowners Crowdsource Toxic Smoke Data After Eaton Fire Insurance Disputes
After insurers refused to pay for contamination testing, Eaton Fire survivors shared private test results online, exposing widespread toxic exposure and coverage gaps.
April 18
Catastrophe
Insurance Industry
Legislation & Regulation
Property
California
Texas Widow Working Two Jobs Says Former Insurance Agent Took $9K in Premium Payments
A Friendswood, Texas woman says she lost nearly $9,000 after paying premiums via Venmo to a former insurance agent who had already surrendered his license.
April 18
Auto
Fraud
Insurance Industry
Property
Texas
Dog Bite Claims on the Rise as Insurers Tighten Homeowners Coverage
Dog bites led to $1.57 billion in homeowners liability claims in 2024 as insurers reassess coverage, with states like California and New York topping the list for cost and volume.
April 18
Insurance Industry
Legislation & Regulation
Liability
Property
Man Wanted After Allegedly Faking Supermarket Fall to File False Insurance Claim
Authorities in Kittitas County, WA are searching for a suspect accused of staging a fall in a grocery store to file false insurance claims totaling nearly $10,000.
April 18
Fraud
Insurance Industry
Litigation
Property
Washington
How Agentic AI is Transforming Property Claims and Empowering Adjusters with Digital Coworkers
Agentic AI agents are reshaping property claims handling by helping adjusters automate routine tasks, reduce cycle times, and focus on customer-centric problem-solving.
April 15
Catastrophe
Insurance Industry
Property
Technology
How Rising Climate Risks Are Reshaping Insurance for Renewable Energy Projects Worldwide
As natural catastrophe and extreme weather losses escalate globally, insurers, developers, and financiers must rethink risk management to keep renewable energy projects insurable and bankable.
April 15
Catastrophe
Insurance Industry
Property
Risk Management
