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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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For nearly a decade, people in Sweetwater have faced an unsettling scene every time they come and go: thousands of discarded wind turbine blades looming on the edge of this small West Texas town—impossible to ignore and hard to forget.
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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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A sophisticated software exploit capable of breaking into Apple iPhones and siphoning off sensitive data may have put hundreds of millions of users at risk.
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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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Iran will press on with its fight and keep the Strait of Hormuz closed, using the vital waterway as leverage against the United States and Israel, the country’s new Supreme Leader, Mojtaba Khamenei, declared on Thursday.
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A new report from S&P Global Market Intelligence reveals striking contrasts in the insurance industry’s 2025 performance.
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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.
