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Kansas Insurance Commissioner Vicki Schmidt announced a Cherokee county man has been sentenced to 12 months of probation for insurance fraud. William Owens, age 71, pleaded guilty in Cherokee County District Court to one felony count of insurance fraud. Owens attempted to fraudulently collect benefits from his insurance company by seeking coverage for stolen and … Read more
A United Airlines plane appears to have collided with a weather balloon while cruising over Utah at 36,000 feet last week, fracturing layers of its windshield and forcing an emergency landing. A California company called Windborne Systems said it started looking into the situation Sunday, not long after the National Transportation Safety Board said it … Read more
The mass evacuation by military aircraft of hundreds of residents from Alaska villages ravaged by the remnants of Typhoon Halong is complete, and officials and local leaders are turning attention to trying to stabilize damaged infrastructure and housing where they can before the winter freeze sets in. The focus of major response efforts following back-to-back … Read more
An Iowa man has been charged with one count of acting as an adjuster without a license—a class D felony—following an investigation by the Iowa Insurance Division’s Fraud Bureau. According to criminal complaints filed by the Iowa Insurance Division’s Fraud Bureau, Jared Harrison, 42, of Urbandale, engaged in public adjusting without a license when negotiating … Read more
GEICO is taking aggressive action against medical firms in Florida and New York, accusing them of leading multimillion-dollar, no-fault auto insurance fraud schemes. In a lawsuit filed this month in federal court in Tampa, GEICO charged that AJ Therapy Center and its principals had submitted and received more than $4.6 million in fraudulent personal injury … Read more
Authorities were investigating the death of a rail conductor who was hit by a passing train in Montana, the National Transportation Safety Board said. The conductor worked for BNSF Railway, the agency said in a post on the social media site X. BNSF Railway operates one of the largest freight railway networks in the U.S. … Read more
Analysts trying to reconcile third-quarter premium jumps reported by line of business for W.R. Berkley Corporation with the CEO’s opening remarks during an earnings conference call this week may well have been confused. “That bloom is off the rose,” President and Chief Executive Officer W. Robert Berkley Jr. said, referring to prior hard market conditions … Read more
Reddit Inc. sued Perplexity AI Inc. and three other companies over alleged data scraping from the discussion site without permission, a sign of the growing demand and value of original data in the burgeoning AI industry. Three data scraping companies — Oxylabs UAB, AWMProxy, and SerpApi — have been illegally collecting Reddit data via Google … Read more
Insurance data and technology firm Verisk has released a pet health insurance program offering U.S. insurers a standardized pet insurance program. Verisk’s new ISO Pet Insurance Line of Business program provides insurers looking to enter or expand in this growing market with policy forms, rating rules and loss costs, making it the first standardized pet … Read more
Artificial intelligence (AI) is revolutionizing the insurance business. Insurers recognize and are already taking advantage of the manifold ways in which AI can significantly improve their routine processes, decision-making and risk management. At the same time, some insurers recognize the potential for negative impacts as well. In this Real Solutions piece, we will place the … Read more