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UK insurers spotted over £1.16 billion worth of fake insurance claims in 2024, according to the Association of British Insurers (ABI). That’s a slight rise from £1.14 billion the year before. The number of fraud-related claims also jumped, reaching nearly 98,400—up 12% from around 88,100 in 2023. Most of this fraud happened in motor insurance. … Read more

OpenAI has responded to a lawsuit accusing its AI chatbot, ChatGPT, of encouraging a 16-year-old boy from California to take his own life. The company insists that ChatGPT repeatedly urged the teenager to seek help and support. The boy, Adam Raine, had a history of suicidal thoughts before ever using the chatbot, according to OpenAI’s … Read more

Shares of China Taiping Insurance Holdings dropped sharply on Thursday after news emerged that the company faces significant exposure related to a devastating fire at a Hong Kong apartment complex. The blaze at Wang Fuk Court in Tai Po district, which began on Wednesday, has so far claimed at least 55 lives, with nearly 300 … Read more

The 2025 Atlantic hurricane season has come to a quiet close, with very little storm activity making landfall in the United States. Aside from Hurricane Melissa, which caused severe damage in Jamaica before affecting nearby areas, the season saw no hurricanes hitting U.S. coasts. Experts say this calm season results from several factors, including a … Read more

Prateek Gupta, an Indian businessman, faced serious fraud allegations as he gave evidence for the first time in a London High Court trial over a $600 million metals scam involving commodities giant Trafigura. The company claims Gupta and his firms promised to supply pure nickel but instead delivered steel or scrap metal. Gupta admitted that … Read more

The U.S. property and casualty insurance industry has had its best quarter in over 25 years, according to a new report from S&P Market Intelligence. The industry’s combined ratio for the third quarter of 2025 came in at an impressive 89.1, a figure not seen in nearly three decades. This number reflects how well insurers … Read more

Specialist insurer CFC has launched a new tool designed to help brokers talk to small and medium-sized businesses about cyber risks. The Cyber Threat Review reports focus on the real dangers a specific business might face, rather than offering generic or overwhelming information. These bite-sized reports give brokers an easy way to compare the costs … Read more

When it rains in West Texas, the flat desert around Odessa quickly turns into a soggy mess. Water pools on roads and sidewalks, causing flooding that locals have grown used to but don’t have an easy solution for. The damage is due to an outdated drainage system built back in the 1970s—one that simply can’t … Read more

A tornado touched down outside Houston on Monday, damaging more than 100 homes but causing no injuries, officials said. The storm hit the Memorial Northwest neighborhood, leaving roofs stripped of shingles and debris scattered across roads. Videos and photos shared by the Harris County Precinct 4 constable showed the extent of the damage. The Houston … Read more

Texas youth camps are stepping up safety measures this summer after tragic floods in July took the lives of 27 campers and counselors at Camp Mystic. Officials have mandated weather alert systems, emergency plans, and communication tools to keep kids safe. But many say more focus is needed on mental health support for campers and … Read more