News
NY Governor Proposes Crackdown on Fraud to Reduce Auto Insurance Costs
New York Governor Hochul's State of the State address proposes a crackdown on fraud to limit the rising costs of auto insurance. "Car insurance rates are just too damn high, especially at a time when ...
$17M Recovered in California’s Organized Retail Theft Crackdown Last Year
More than 270,000 stolen goods worth nearly $17 million were recovered last year as part of a statewide crackdown on organized retail theft, according to California Governor Gavin Newsom. Since ...
$182M Settlement Reached in Deadly 2015 New York Commuter Train Crash
A more than $182 million settlement has been reached with victims of a deadly 2015 collision between a train and an SUV at a suburban New York crossing. The majority of the settlement with ...
APCIA Backs Federal Bill to Require Litigation Funding Disclosure
The American Property Casualty Insurance Association (APCIA) has released a statement in support of federal legislation, up for committee discussion today, that is meant to increase the transparency ...
Experian: AI Agents Could Overtake Human Error as Major Cause of Data Breaches
Artificial intelligence continues to be at the center of Experian's annual breach forecast for 2026, with the scope, frequency and cost of cyber incidents heavily influenced by the technology. AI ...
Wildfires, Storms Fuel 2025 Insured Losses of $108 Billion: Munich Re Report
Global insured losses from natural disasters fell to $108 billion last year, Munich Re said in a report on Tuesday. That compared with an inflation-adjusted $147 billion in 2024, the German reinsurer ...
ATA Launches $750M Insurance Facility for AI Infrastructure Boom
Advanced Technology Assurance Ltd. (ATA), the London-based managing general underwriter, has launched a $750 million insurance facility to underwrite the projected $7 trillion global AI ...
Behavior Is Dominant Driver of Collision Risk for Commercial Auto
While severe collisions declined last year, many factors influence commercial driving behavior. Though seasonal changes and distractions are expected, geopolitical factors add to less predictable ...