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Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms

Insurance Journal

A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by the policy. The Fourth Circuit …

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Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms

Insurance Journal

By Andrew Simpson A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by the policy.

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Former State Employee Pleads Guilty to Insurance Fraud and Felony Theft

Insurance Journal

A former state employee in Maryland has pleaded guilty in separate cases involving insurance fraud and felony theft. According to Maryland Attorney General Anthony G. Brown, the charges against Shanell Angelia West, of Essex, Maryland, stemmed from her actions during …

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Hyundai, Kia’s Anti-Theft Measures Fuel Steep Dip in US Vehicle Thefts

Insurance Journal

Vehicle thefts in the United States recorded their biggest yearly drop in four decades as automakers, mainly Hyundai and Kia, bolstered anti-theft measures, while easing supply chain constraints made stealing vehicles for parts less lucrative. Hyundai and Kia cars topped …

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Arizona Reported 15% Decrease in Vehicle Thefts in 2024

Insurance Journal

The Arizona Automobile Theft Authority reported that Arizona vehicle thefts decreased by 15% in 2024, marking a second straight year of decline. Data compiled by the AATA’s Auto Crime Tracking shows that Arizona had 17,010 vehicles reported stolen in 2024, …

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What is Strategic Cargo Theft? – What’s Brewing Podcast (Episode 6)

Insurance Journal

This post is part of a series sponsored by IAT Insurance Group. In this episode, Peter Matthews, SVP of Commercial Truck, and Jared Fritts, Loss Control Specialist, tackle the issue of Strategic Cargo Theft what it is, how it …

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Former Ohio Insurance Agent Sentenced to Probation for $1.4M Theft

Insurance Journal

A former Ohio insurance agent was sentenced this month to five years of probation for thefts exceeding $1.4 Rhonda Chandler, of the Columbus area, stole and misappropriated funds, including premiums for pre-need life insurance policies, commonly known as burial …

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