Regulation

Texas Division of Workers’ Compensation Announces Staff Changes

The Texas Department of Insurance, Division of Workers’ Compensation announced leadership staff changes. DWC is launching a new program area, AI Innovation and Integration, focused on the responsible, mission-driven use…

Wise US national trust bank charter application rejected

Shares in Wise tumbled after US regulators rejected the fintech's national bank charter application, citing compliance concerns.

IDenfy launches bank card verification platform

iDenfy, the global identity verification, compliance, and fraud prevention solution platform, has announced the launch of a Bank Card Verification platform within its software dashboard.

The Dual-Regulated Advantage: Lessons from the FCA and Danish FSA

Operating a financial technology business across borders used to be a story of passporting. You sec...

OIP Insurtech Launches Document Intelligence AI, Reducing Compliance Review Time by Up to 80%

Florida Teen Suing Meta Over Mental Health Harm Drops Claims Days Before Trial

A Florida teen dropped his lawsuit on Wednesday against Meta Platforms META.O, canceling a Los Angeles trial over claims the social media company’s apps caused his depression and anxiety. The trial, which had been…

Judge Says Zelle Must Face New York AG’s Suit Over ‘Rampant’ Fraud; Zelle to Appeal

A judge rejected Zelle’s bid to dismiss a lawsuit by New York Attorney General Letitia James, who said the electronic payment platform’s refusal to adopt critical safety features enabled fraudsters to steal more than $1…

Florida Appeals Court Strikes Jury’s $335,000 Award in Universal Plumbing Claim

One of Florida’s largest property insurers won a major victory Wednesday from an appeals court, which found that a jury’s $335,000 award in a claims dispute over plumbing damages was far out of line with the evidence.…

Eight Sentenced in $1.2M Travel Insurance Fraud Scheme

Eight people have been sentenced to prison for their roles in a $1.2 million travel insurance fraud kickback scheme, the U.S. Attorney’s Office, Southern District of Indiana announced. According to court documents…

Florida’s Share of US Claims Lawsuits Down to Nearly Half of 2020 Numbers, Data Show

At the height of the Florida property insurance crisis in the early 2020s, one statistic seemed to galvanize the movement for reforming the state’s insurance claims litigation statutes: Floridians had produced about 9%…

Are insurers making too many risky investment bets?

Regulators are tightening up, Carriers are moving on. The WSJ has called it Whac-a-mole

Homesite asks court to rule United's CrowdStrike claim isn't covered

The airline calls its outage losses covered - its cyber insurer sees double recovery

Marshmallow adopts Adclear AI platform to strengthen Consumer Duty compliance

Marshmallow has partnered with communications compliance platform Adclear to strengthen oversight of its financial promotions as UK financial services firms face increasing regulatory scrutiny under the Financial…

NICB names Marta Magnuszewska as chief information and technology officer

Hire brings two decades of fraud analytics experience as AI governance becomes a live regulatory requirement for insurers.

Willis, Kayna and Kwant Launch KwantSure Embedded Insurance Program for Construction Workforce Compliance

SquareTrade reshapes European strategy with licensed insurer