The first half of 2024 saw substantial global insured losses, with US severe convective storms accounting for 61% of the $61 billion total, highlighting the period as the costliest on record.
Frances Hall, previously convicted of murdering her husband, avoids a second prison term after pleading guilty in a $9 million workers’ compensation fraud scheme.
Jason Kaminsky, CEO of kWh Analytics, discusses how advancements in solar technology are reshaping the insurance landscape and addressing emerging liabilities.
The integration of AI and business rules engines in underwriting is revolutionizing the industry, reducing menial tasks, and enabling underwriters to focus on strategic issues.
After a decade of profitability, the US workers’ compensation insurance market faces new risks, requiring disciplined underwriting to maintain stability.
Hard Rock Stadium, CONMEBOL, and CONCACAF face class action lawsuits after security failures led to chaos, injuries, and denied entry at the Copa America Final.
Fourteen NBA teams are accused of using copyrighted music in social media promotional videos without proper licensing, leading to multiple lawsuits by Kobalt and other music companies.
With high inflation, climate risks, and varying state regulations, insurance underwriting and pricing rely more than ever on accurate loss projections and economic forecasts.
The National Conference of Insurance Guaranty Funds (NCIGF) is bolstering its efforts to assist state guarantee funds, focusing on operational support, education, and public policy management.
Despite cooling predictions, inflation remains the primary concern for insurance executives worldwide for the third consecutive year, according to the International Insurance Society’s annual survey.
Adjusters in the insurance industry, particularly those working in property claims, are expressing significant frustration and burnout due to overwhelming workloads and unrealistic expectations.
Ruslan Astamirov and Mikhail Vasiliev admitted their roles in deploying the LockBit ransomware, leading to over 2,500 attacks and $500 million in ransom payments, marking a significant step in combating the notorious hacking group.
The 2024 Kiteworks report highlights the rising risks associated with the proliferation of communication tools, data exchanges with third parties, and inadequate governance, emphasizing the urgent need for enhanced data security and compliance measures.
