Risk managers are shifting focus toward climate change, wars, and disruptive technology as primary emerging risks, according to a recent survey by the Society of Actuaries and the Casualty Actuarial Society.

The insurance claims industry has seen incremental progress over the years, but true transformation remains elusive. To keep pace with technological advancements and consumer expectations, insurers must move beyond outdated processes and fragmented solutions.

The cyber insurance market remained favorable for buyers in 2024, with lower premiums and increased coverage options despite high-profile cyber incidents. However, risks such as supply chain attacks, regulatory enforcement, and artificial intelligence (AI) security concerns are shaping the industry’s future.

The insurance industry is facing increasing cyber threats, with 59% of breaches among the top 150 insurance companies stemming from third-party attack vectors. These vulnerabilities highlight the need for stronger supply chain security.

A judge ruled that Louisiana’s insurance regulator lacked authority to fine McClenny, Moseley & Associates for alleged fraudulent hurricane claims, sparking further legal debate.

Allstate anticipates recovering $900 million through its reinsurance program after estimating $2 billion in gross losses from the Los Angeles wildfires. This will result in a net loss of $1.1 billion for the insurer.

A federal judge ruled that Uber isn’t liable for an assault by one of its drivers, dismissing a passenger’s lawsuit. The court found no evidence that Uber knew of the driver’s violent tendencies.

A new study from the Institute for Legal Reform reveals that U.S. tort costs have risen at an annual rate of 7.1% from 2016 to 2022, exceeding both inflation and GDP growth.

A federal appeals court panel expressed skepticism over Google’s argument that competition with Apple justifies overturning a jury’s ruling that declared its Android app policies an illegal monopoly.

As millions of football fans tune in for Super Bowl LIX, a record-breaking 22.6 million U.S. employees are expected to miss work the following Monday. Employers must plan ahead to address absenteeism, productivity dips, and workplace engagement challenges.

The devastating January 2025 Los Angeles wildfires could result in $95 billion to $164 billion in total losses, including $75 billion in insured claims, along with GDP declines, job losses, and rising insurance costs.

A proposed ordinance would require food delivery services like DoorDash and UberEats to obtain a city permit, carry insurance for drivers, and share delivery data with officials.

European road safety initiatives, including Vision Zero, are influencing U.S. transportation policies. Experts highlight innovation, enforcement, and education as key factors.

A Starbucks worker in Mobile, Alabama, was attacked by a pet monkey that escaped from a customer’s vehicle. Authorities are investigating, and the owner may face charges.

A Phoenix couple pleaded guilty to orchestrating a $1.2 billion health care fraud scheme, submitting false claims for unnecessary wound grafts and receiving millions in illegal kickbacks.