Insurance Journal

JANUARY 23, 2025

2024 saw record-breaking cargo theft activity across the United States and Canada, with 3,625 reported incidents representing a 27% increase from 2023, according to global data analytics and technology provider CargoNet, a Verisk company. The estimated average value per theft …

Theft 246

Theft Inland Marine Marine 246

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

MARCH 20, 2025

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 …

Theft 207

Theft Auto Insurance Insurance Insurer 207

Insurance Journal

APRIL 11, 2025

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, …

Theft 200

Theft Crime Auto Insurance Insurance 200

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 Insurer Insurance 246

Insurance Journal

FEBRUARY 25, 2025

While cameras recorded the theft, nobody … This post is part of a series sponsored by IAT Insurance Group. Late at night in the Fall of last year, thieves stole 13 ECM units from a fleet of commercial trucks in Chicago.

Theft 223

Theft Commercial Insurer Insurance 223

Insurance Journal

JANUARY 30, 2025

Theft and violence against retail workers in Britain soared to record levels last year and are “out of control,” driven partly by criminal gangs, according to a report published on Thursday. Industry body the British Retail Consortium’s annual crime survey …

Theft 219

Theft Crime 219

Insurance Journal

MARCH 18, 2025

A former state correctional officer from Baltimore has been sentenced in the Circuit Court for Baltimore County for felony theft of $25,000 to $100,000 and ordered to pay $50,251.66 in restitution, announced Attorney General Anthony G. Prosecutors showed that …

Theft 204

Theft Insurance Insurer Insured 204

Insurance Journal

FEBRUARY 19, 2025

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 …

Theft 191

Theft Insurance Agent Insurance Agents Agents 191

Insurance Journal

MARCH 18, 2025

A Pennsylvania man who was part of a group that stole paintings by Andy Warhol and Jackson Pollock among other valuables was sentenced to eight years in federal prison after pleading guilty to theft of major artwork. Thomas Trotta, 49, …

Theft 204

Theft Insurance Insurer Insured 204

Insurance Journal

MARCH 26, 2025

Washington, Nevada and Oregon had the biggest percentage drops in vehicle thefts in the U.S. in 2024, according to a new report that shows vehicle thefts nationally fell by 17% in 2024 from a year earlier, marking the largest annual …

Theft 147

Theft Crime Insurance Insurer 147

Insurance Journal

APRIL 7, 2025

New Jersey Governor Phil Murphy has signed a bill into law setting stricter penalties for retail theft and calling for a dedicated effort to combat organized retail theft. The new law establishes and upgrades certain crimes related to retail theft, …

Theft 130

Theft Crime 130

Insurance Journal

MARCH 31, 2025

About a year into the litigation between American International Group and startup Dellwood Insurance Group, a federal judge will allow much of AIG’s lawsuit to proceed against its newest potential competitor in the excess and surplus market. Judge Evelyn Padin …

Theft 248

Theft Insurance Insurer Insured 248

Insurance Journal

APRIL 11, 2025

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, …

Theft 130

Theft Crime Auto Insurance Insurance 130

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 …

Damage 242

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

FEBRUARY 11, 2025

A North Carolina insurance agent is awaiting a court appearance next week after he was charged with fraudulently taking out a life insurance policy with Southern Farm Bureau Life Insurance Co. The North Carolina Department of Insurance said that Matthew …

Life Insurance 246

Life Insurance Insurance Agent Insurance Agents Insurance Policy 246

Insurance Journal

MARCH 20, 2025

Efrain Alatorre Camarena was charged with felony theft for allegedly collecting workers comp payments while discreetly working at another dairy farm. A Washington farmhand faces felony charges for reportedly stealing more than $122,000 workers’ compensation benefits. A Washington State Department …

Workers Comp 147

Workers Comp Theft Compensation Workers Compensation 147

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.

Theft 130

Theft Insurance Policy Policy Personal Property 130

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 264

Theft 264

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 Premium Agents Insurance Broker 264

Insurance Journal

FEBRUARY 5, 2025

Edward Hadley was charged with nine counts of first-degree theft following investigations by the Washington … A King County, Washington, judge issued a bench warrant a former Seattle insurance agent charged with stealing more than $400,000 in premiums from his clients.

Premium 263

Premium Insurance Agent Insurance Agents Agents 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

FEBRUARY 26, 2025

Thieves have targeted freight trains running through the deserts of California and Arizona in a string of audacious heists resulting in the theft of more than $2 million worth of new Nike sneakers, including many that haven’t hit the retail …

Theft 241

Theft Inland Marine Marine 241

Property Insurance Coverage Law

APRIL 16, 2025

However, one of the most damaging and often overlooked threats comes from within: employee theft. When businesses think about protecting themselves from risk, they often focus on property damage, natural disasters, or customer lawsuits.

Property Damage 100

Property Damage Theft Claim Damage 100

Insurance Journal

JANUARY 26, 2025

A federal jury last week convicted a Maryland man for conspiracy to commit insurance fraud, money laundering, filing false tax returns and identity theft, according to the office of U.S. Attorney for the district of Maryland. According to court documents …

Theft 261

Theft Insurance Insurer Insured 261

Insurance Journal

FEBRUARY 26, 2025

Thieves have targeted freight trains running through the deserts of California and Arizona in a string of audacious heists resulting in the theft of more than $2 million worth of new Nike sneakers, including many that haven’t hit the retail …

Theft 223

Theft Inland Marine Marine 223

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

Insurance Journal

FEBRUARY 10, 2025

Regarding the theft that law enforcement officials say could be tied to the sky-high cost of eggs, … Police are trying to crack a whodunit over the heist of 100,000 eggs from the back of a trailer in Antrim Township, Pennsylvania.

Theft 241

Theft Insurance Insurer Insured 241

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

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 Building 93

Insurance Journal

FEBRUARY 27, 2025

A carpet-cleaning claim and a fake theft of a Hyundai has led to guilty pleas for two people for insurance fraud in Washington. Seattle resident Jason Weisfeld of Federal Way, Washington, and Fedaa Shakir, both pleaded guilty to submitting false …

Claim 205

Claim Theft Insurance Insurer 205