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Federal authorities have arrested Zhan Petrosyants, accusing him of running a massive no-fault auto insurance fraud ring that funneled tens of millions of dollars through fake medical claims and money laundering.
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Farmers Insurance is set to make history with a bold move: over the next year, the company plans to welcome nearly 1,700 new agency owners—marking one of the biggest single-year growth surges in Farmers’ history.
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A New Bedford, Massachusetts couple admitted in federal court in Boston yesterday that they carried out a scheme to cheat their own insurance clients—using their company, BL Insurance Brokerage, LLC, as the vehicle for the fraud.
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A federal appeals court has made it clear: property insurers can factor depreciation into actual cash value—so long as the policy spells it out plainly.
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Farmers Insurance has filed a lawsuit accusing a former Oklahoma agent of orchestrating a scheme to steer its policyholders to rival insurers—allegedly funneling business to an agency where his wife is employed.
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Trade groups across the insurance industry are cheering a key policy shift from Fannie Mae and Freddie Mac on homeowners insurance requirements—one they say could meaningfully cut costs for both current homeowners and prospective buyers.
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Catastrophes, resilience, automation, digital transformation, personalized claims experiences, evolving talent strategies, and operational flexibility—these are just some of the powerful forces already shaping this still-young year. Together, they’re redefining how the claims industry works and setting the stage for changes that demand attention.
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The share of insurers planning to keep their workforce unchanged over the next 12 months has climbed to a 15-year high, signaling a clear shift toward stability in the industry. At the same time, only 7% of companies say they expect to cut jobs in 2026—suggesting that large-scale layoffs remain unlikely for now.
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The Trump administration unveiled a $20 billion reinsurance program designed to jump-start shipping through the Strait of Hormuz, where traffic has nearly ground to a halt amid U.S. and Israeli strikes on Iran.
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Westchester Surplus Lines Insurance has reached a settlement with a Florida condominium association over a hurricane damage claim—three years after the association submitted loss estimates that insurers blasted as wildly inflated, even calling them 'outrageous.'
Federal authorities have arrested Zhan Petrosyants, accusing him of running a massive no-fault auto insurance fraud ring that funneled tens of millions of dollars through fake medical claims and money laundering.
