Industry News

EY Settles $133M Audit Negligence Case

EY Settles $133M Audit Negligence Case

Ernst & Young settled a $133 million audit negligence case with administrators of collapsed healthcare firm NMC Health. The settlement highlights ongoing concerns about corporate oversight and financial transparency in major business failures.

Hybrid Car Insurance Claims Jump 25% in 2026

Hybrid Car Insurance Claims Jump 25% in 2026

Insurance claims for mild hybrid electric vehicles jumped 25% in the U.S. and 33% in Canada year-over-year, creating new challenges for insurers and repair shops while potentially affecting future car insurance rates for hybrid owners.

Knight Rider Replica Triggers NYC Traffic Mystery

Knight Rider Replica Triggers NYC Traffic Mystery

A Knight Rider replica car at an Illinois museum received NYC traffic tickets despite never leaving its display. The case highlights how license plate confusion can create unexpected insurance and legal complications for drivers.

Insurance Regulators Face Political Pressure Concerns

Insurance Regulators Face Political Pressure Concerns

A Kansas insurance commissioner received over $300,000 in donations from billionaire Todd Boehly’s network before her office supported delaying tougher capital rules for his insurance company. The situation highlights potential conflicts in insurance regulation that could impact consumer protections.