2023 sees a shift in ransomware tactics, with a focus on third-party vendors and larger targets, underscoring the need for evolved cybersecurity strategies.
The rise of electric vehicles and advanced automotive technologies is significantly altering the auto insurance industry, impacting costs and prompting innovative insurance practices.
Eric B. Dick, a Houston plaintiffs’ attorney, is ordered to pay over $100,000 for filing baseless lawsuits against Standard Casualty Co., marking his second major sanction in three months for similar actions.
In response to the recent Cruise robotaxi incident, General Motors acknowledges leadership failures and discontinues the Request for Assistance tool, aiming to regain trust and compliance in autonomous vehicle operations.
Amazon’s Neighbors app discontinues its Request for Assistance tool, restricting police video access, while introducing new features to foster greater community connection and sharing.
With 75% of drivers willing to switch for greener policies, insurance companies face the dual challenge and opportunity of integrating sustainability into their practices to meet consumer demands and regulatory requirements.
A new report emphasizes the urgent need for community facilities like schools and churches to be ready as shelters during severe weather events, highlighting the potential impacts on services and community trust.
The Allianz Risk Barometer 2024 emphasizes the insurance industry’s innovative responses to contemporary challenges like cyber threats and climate-related disasters, including advanced technologies and collaborative strategies.
A court’s decision to uphold an insurer’s claim denial for roof damage caused by turkey vultures highlights the complexities in defining ’infestation’ for insurance purposes.
In 2023, a record number of natural disasters, driven by severe earthquakes and storms, led to unprecedented economic and insured losses, highlighting the urgency for improved global resilience.
A new WTW report emphasizes the growing importance of climate transition planning for businesses adapting to a low-carbon economy and regulatory demands.
Insurance carriers leverage AI and digital technologies to refine customer experiences, driving sales, satisfaction, and improved adviser relationships.