Insurance Journal

NOVEMBER 17, 2024

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.

Theft 290

Theft Insurance Policy Policy Insurance 290

Insurance Journal

DECEMBER 5, 2024

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 …

Theft 259

Theft Insurance Insurer Insured 259

Insurance Journal

DECEMBER 10, 2024

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 … This post is part of a series sponsored by IAT Insurance Group.

Theft 246

Theft Commercial Insurance Insurer 246

Insurance Journal

AUGUST 21, 2024

It took seven people, 15 seconds and a fire extinguisher. With that, a seven-person crew from Pennsylvania made off with more than $60,000 in luxury goods from the Chanel store in the posh Tysons Galleria mall in northern Virginia back …

Theft 261

Theft 261

Insurance Journal

DECEMBER 17, 2024

Massachusetts law enforcement officials report that 12 individuals identified as stealing 63 high-end vehicles totaling more than $2.6 million have been arraigned. Another individual related to the investigation has an outstanding warrant and has not yet been arrested. The takedown …

Theft 244

Theft Auto Insurance Insurance Insurer 244

Insurance Journal

DECEMBER 8, 2024

Medical device maker Insulet convinced a jury that Korean rival EOFlow owes it $452 million in damages for stealing trade secrets related to insulin pumps, according to a verdict made public in Massachusetts federal court on Thursday. The jury in …

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Damage Theft 242

Insurance Journal

OCTOBER 8, 2024

The leader of a regional organized theft crew, who orchestrated the thefts of catalytic converters from nearly 500 vehicles across the region, multiple jewelry store robberies and the stealing of banks’ automated teller machines has been sentenced in federal court …

Theft 264

Theft Insurance Claim Auto Insurance Claim 264

Insurance Journal

DECEMBER 2, 2024

The Connecticut city of West Haven said it is being reimbursed more than $1 million from its insurer to cover the cost of federal pandemic relief funds stolen three years ago by two city employees. Then-state Rep. Michael DiMassa and …

Theft 264

Theft Insurance Insurer Insured 264

The Property Insurance Law Observer

MARCH 12, 2024

The Court considered whether the Plaintiffs’ loss was caused by theft or vandalism, as neither term was defined in the policy. Plaintiffs argued that the damage was covered under the policy, primarily resulting from theft. Allstate Vehicle & Prop. C22-1174 TSZ, 2023 WL 9000432 (W.D.

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Theft Insurance Policy Policy Personal Property 130

Insurance Journal

OCTOBER 10, 2024

Karen Marie Dondanville, 56, a former broker from Mission Viejo, pleaded guilty to 90 counts including grand theft auto, … A former insurance broker has pleaded guilty to a number of charges including insurance fraud for collecting premiums without placing coverage.

Theft 264

Theft Agents Premium Insurance Broker 264

Insurance Journal

JULY 17, 2024

A New Jersey man has admitted to orchestrating a multistate car theft and fraud ring that involved tracking drivers, programming keys, stealing their cars, and reselling their vehicles. Attorney Philip R. Sellinger said that Warren Guerrier pleaded guilty before …

Theft 263

Theft 263

Insurance Journal

DECEMBER 3, 2024

A new report on emerging risks affecting wealthy households — those with assets of $500,000 to $5 million — highlights climate change, theft of collectibles and cybersecurity as top concerns. Chubb’s new “2024 Wealth Report: Cultivating Resilience in a Changing …

Cyber 289

Cyber Theft Risk Insurance 289

Insurance Journal

NOVEMBER 13, 2024

An Iowa couple pleaded guilty to insurance fraud, forgery and theft, the Iowa Insurance Division announced. Des Moines – Lance Seastrand, age 52, and his wife, Staci Seastrand, age 56, of Davenport, were sentenced on October 31, 2024, after pleading …

Theft 246

Theft Insurance Insurer Insured 246

Insurance Journal

DECEMBER 10, 2024

million in fines for wage theft restitution and civil penalties against 19 car washes in the South Bay area of Los Angeles County and in Orange County. The California Labor Commissioner’s Office issued $1.3 The LCO reportedly found that the …

Theft 245

Theft Workers Compensation Compensation 245

Frankenmuth Insurance

OCTOBER 31, 2024

Employee theft accounts for some of the highest losses among small business owners every year. Follow these six tips to prevent employee theft and protect your small business. Surveillance can be helpful in catching theft, but it should be subtle. Higher wages can help prevent theft. Perform a background check.

Theft 93

Theft Crime Protection Policy 93

Insurance Journal

DECEMBER 12, 2024

The CEO of one of California’s largest vocational return to work counseling centers appeared in court this week after being charged with 23 felony counts including insurance fraud, theft and forgery. Hazel Ortega, 53, of La Habra, was charged after …

Theft 231

Theft Insurance Insurer Insured 231

Property Insurance Coverage Law

AUGUST 14, 2024

Fires, thefts, and other unexpected events can bring business to a halt, leading to significant revenue losses. In the world of business, unforeseen events can disrupt operations and severely impact your financial stability. That’s where business income insurance comes in.

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Business Interruption Theft Insurance Insurer 171

Mark Jackson Insurance Agency

JANUARY 7, 2025

Identity theft is no longer limited to stolen credit card numbers or Social Security fraud—it has evolved into a complex web of cybercrime targeting individuals and businesses alike. Staying informed about emerging trends in identity theft can help you protect your personal information and take proactive steps to minimize your risk.

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Theft Protection Policy Risk 52

Central Insurance

NOVEMBER 15, 2024

Learn about the essential types of insurance for retail stores and how to protect against risks like theft, liability, and property damage. The post 5 Types of Insurance for Retail Stores appeared first on Central Insurance Blog.

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Property Damage Theft Liability Damage 130

Insurance Journal

NOVEMBER 14, 2024

Omid Mohammadi Dashti, 41, of Renton, was charged with one count of first-degree theft. A Washington man is being charged in a felony in a $28,000 workers’ compensation scam after a trip the gym seemingly exposed him. He’s accused of …

Workers Comp 130

Workers Comp Theft Compensation Workers Compensation 130

Central Insurance

SEPTEMBER 16, 2024

Learn how to protect yourself from theft by contractor fraud in Wisconsin, spot red flags, and take action against scams. Contractor Fraud is more common than ever. The post Contractor Fraud in Wisconsin: What Homeowners Need to Know appeared first on Central Insurance Blog.

Theft 130

Theft Protection Insurance Insurer 130

Insurance Journal

AUGUST 1, 2024

Software company Pegasystems convinced a Virginia appeals court on Tuesday to throw out a $2 billion jury verdict for rival Appian in a court battle over Pegasystems’ alleged theft of Appian’s trade secrets. The award from 2022 had been the …

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Theft 130

TGS

NOVEMBER 29, 2024

TGS Insurance » Blog Protecting Your Holiday Cheer: Tips to Prevent Package Theft This Season Ah, the holidays—a time for joy, celebration, and (let’s be honest) an avalanche of online shopping. With the holiday season in full swing, package theft is, unfortunately, a rising concern. But what happens when that box goes missing?

Theft 52

Theft Protection Home Insurance Premium 52

Property Insurance Coverage Law

OCTOBER 7, 2024

Homeowners insurance typically covers natural disasters, theft, vandalism, and liability — but specific policies vary in terms of coverage. We’ve all heard of homeowners insurance — but what exactly is it? Homeowners insurance provides financial protection for your home and its contents.

Theft 100

Theft Liability Property Insurance Insurance 100

Risk Management Monitor

MAY 17, 2021

The Federal Trade Commission warns that unemployment fraud puts workers at additional risk of identity theft crimes including tax fraud. If they are still working, they may be the victim of identity theft. Identity theft can also lead to tax fraud, credit card theft and loans taken out in their names.

Claim 75

Claim Theft Crime Cyber 75

Hunton Andrews Kurth

JANUARY 20, 2023

The plaintiffs further alleged that these violations continuously and repeatedly exposed the company’s workers to privacy risks, such as hackers obtaining and using their personal information to steal their identity and commit identify theft. Several lawsuits have been filed alleging BIPA violations relating to the use of these headsets.

Theft 106

Theft Claim Policy Risk 106

Mark Jackson Insurance Agency

DECEMBER 4, 2024

Car parked at night by InstaWalli Car theft is a frustrating and costly experience that affects thousands of vehicle owners each year. While most modern cars come equipped with advanced anti-theft features, thieves are becoming more sophisticated, making it essential to take proactive steps to safeguard your vehicle.

Protection 52

Protection Theft Auto Insurance Insurance Policy 52

Hunton Andrews Kurth

APRIL 27, 2021

The Second Circuit just affirmed the dismissal of a data breach class action predicated on an alleged increased risk of identity theft on Article III standing grounds. Notably, the plaintiffs did not claim they suffered fraud or identity theft because of the inadvertent disclosure. McMorris v. Carlos Lopez & Assocs. ,

Theft 52

Theft Risk Claim Protection 52

The Property Insurance Law Observer

JULY 29, 2024

If we return stolen property we will pay for any damage resulting from the theft. We may, at our expense, return any stolen property to: 1. The address shown in this policy. We may keep all or part of the property at an agreed or appraised value.

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Policyholder Damage Deductible Liability 130

Top Insurance Blogs

OCTOBER 10, 2024

There are three main types of car insurance that everyone talks about: Third-Party, Third-Party Fire and Theft, and Comprehensive. The post 3 Cheapest Car Insurances in the UK – Full Comparison appeared first on My Top Insurance Blogs.

Theft 52

Theft Insurance Insurer Insured 52

LexisNexis

SEPTEMBER 20, 2024

843 (BIA 2024) (1) The assumption in Matter of Jurado that a retail theft offense involves an intent to permanently deprive a victim of their property is inconsistent with the categorical approach as currently articulated by the Supreme Court. Matter of Thakker, 28 I&N Dec. Matter of Jurado, 24 I&N Dec. 29 (BIA 2006), aff’d sub.

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Theft Crime 45

Insurance Agency of Ohio

JANUARY 30, 2020

By Troy Dohmeyer Equipment and material theft is a major source of loss for contractors. Good planning is essential to construction site security, preventing theft of valuable construction materials and tools. Good planning is essential to construction site security, preventing theft of valuable construction materials and tools.

Theft 52

Theft Insurance Agency Workers Compensation Deductible 52

Insurance Journal

DECEMBER 22, 2024

Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday. The hacking amount exceeded $1 billion for the fourth straight year and the …

Theft 290

Theft 290

TGS

DECEMBER 13, 2024

A slip, a loss, or even theft? Theft : If your valuables are stolen, whether from your home or while traveling, a good policy ensures youre not left empty-handed. Where You Live : Risk factors like theft rates and natural disasters in your area may affect costs. Thats where jewelry insurance steps in.

Protection 52

Protection Theft Insurance Insurer 52

Insurance Journal

OCTOBER 28, 2024

More than 100 people were arrested late last week in storm-ravaged Pinellas County, Florida, charged with looting homes and working as unlicensed contractors, two weeks after Hurricane Milton forced many residents to evacuate. Pinellas County Sheriff Bob Gualtieri said that …

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Deductible Theft Property Insurance Insurance 317

Insurance Journal

JANUARY 13, 2025

A federal judge last week tripled the damages that Alex Murdaugh’s co-conspirator must pay to Nautilus Insurance Co., bringing the total to $3.75 million plus significant attorney fees incurred by the insurer. A jury last week found Cory Fleming, …

Damage 264

Damage Insurance Insurer Insured 264

Insurance Journal

SEPTEMBER 30, 2024

Rick Wilmer spends most of his work days at the office. But every so often, the chief executive officer of ChargePoint Holdings Inc. will make his way to the company’s laboratory in San Jose, California, where he dons safety glasses …

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Theft 312