Laws & Regulations

Consumer Group Demands Crackdown on Insurers for Low Payouts
Insurance Consumer Group Demands Crackdown on Insurers for Low Payouts

Today, we’re thrilled to sit down with Simon Glairy, a renowned expert in insurance and Insurtech, with deep expertise in risk management and AI-driven risk assessment. With years of experience navigating the complexities of the insurance industry, Simon offers a unique perspective on the

GEICO Sues Over $2.2M Fraud in New York Insurance Scam
Risk Management GEICO Sues Over $2.2M Fraud in New York Insurance Scam

In a striking development that has sent ripples through the insurance industry, GEICO, a titan among American auto insurers, has brought to light an alleged $2.2 million fraud scheme targeting New York’s no-fault insurance system, with a federal lawsuit filed on September 19 in the Eastern District

How Did GEICO Uncover a $2.2M Insurance Fraud Scheme?
Regulatory & Compliance How Did GEICO Uncover a $2.2M Insurance Fraud Scheme?

In a stunning revelation that exposes the underbelly of insurance fraud, GEICO, one of the nation’s leading auto insurers, has launched a federal lawsuit against Live Again Medical Supply Inc. and its owner, Richard Anderson, accusing them of orchestrating a $2.2 million scam targeting New York’s

Michigan Lawmakers Propose Auto Insurance Deductible Reform
Regulatory & Compliance Michigan Lawmakers Propose Auto Insurance Deductible Reform

Imagine driving down a Michigan highway, confident in your auto insurance coverage, only to face a confusing deductible structure after an accident that leaves you financially strained, a scenario all too common for many policyholders in the state. Unclear rules and overlapping benefits often

How Is the FCA Ensuring Fair Insurance Payouts for Drivers?
Risk Management How Is the FCA Ensuring Fair Insurance Payouts for Drivers?

Imagine a scenario where diligent drivers, who meticulously maintain their vehicles, suffer a devastating loss due to theft or a write-off, only to find that their insurance payout falls short of covering a fair replacement. This disheartening reality affected over 270,000 motorists in the UK,

Atain Insurance Fights $3.6M Contractor Coverage Dispute
Regulatory & Compliance Atain Insurance Fights $3.6M Contractor Coverage Dispute

Imagine a construction project spiraling into a multi-million-dollar legal battle, with a contractor caught between hefty claims and an insurer refusing to step in. This scenario is unfolding in California, where Atain Specialty Insurance Company is fighting to avoid defending SQS Contractors, Inc.

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