Harnessing Embedded Insurance for Enhanced Adaptation and Risk Mitigation
The shift from resilience to adaptation in property and casualty insurance is made possible by Embedded Insurance at the Point of Design, offering a transformative approach to managing risk.
January 15, 2024
Auto
Insurance Industry
Property
Technology
Reinsurance Market Sees Positive Shift Post-2023 Reset
Following the 2023 industry reset, the reinsurance market is experiencing a significant positive transformation, offering promising opportunities for investors and companies alike.
January 15, 2024
Insurance Industry
Risk Management
Underwriting
Embracing AI as a Beacon of Optimism in the Insurance Industry
Amid global challenges, the insurance industry’s future looks bright with AI-driven transformations enhancing risk management, policy recommendations, and employee experiences.
January 15, 2024
Insurance Industry
Risk Management
Technology
Illinois Court Rules Insurance Companies Not Obligated to Defend in BIPA Lawsuit
In a key decision, the Illinois Appellate Court ruled that insurance companies are not required to defend in a lawsuit involving the Biometric Information Privacy Act (BIPA), marking a significant legal development.
January 15, 2024
Insurance Industry
Legislation & Regulation
Liability
Technology
Illinois
New York Governor Vetoes Bill Banning Noncompete Agreements, Keeping Current Laws in Place
Gov. Kathy Hochul’s veto of a bill to ban noncompete agreements in New York maintains the status quo, balancing business interests and worker rights.
January 12, 2024
Legislation & Regulation
Risk Management
New York
Jackson, Mississippi Wins $10.3 Million Settlement from Zurich American Insurance
After a lengthy legal battle, the city of Jackson, Mississippi, is set to receive $10.3 million from Zurich American Insurance for damages from a 2013 hailstorm.
January 12, 2024
Catastrophe
Insurance Industry
Litigation
Property
Mississippi
Cyber Insurance Market Sees Major Shift with Rising Premiums and Evolving Risks in 2023
The cyber insurance market experiences a shift with increased premiums, evolving cyber threats, and a focus on informed decision-making for 2024, as highlighted by Woodruff Sawyer.
January 12, 2024
Insurance Industry
Risk Management
Technology
Prolonged Rainfall in Eastern Australia Causes Widespread Damage, Upending Wildfire Preparations
Eastern Australia faces unexpected and prolonged deluge, causing extensive damage to homes and crops, challenging the typical preparations for wildfire season.
January 12, 2024
Catastrophe
Risk Management
Supercede Reports Significant Growth in Digital Adoption in Reinsurance Industry
Supercede’s latest data reveals notable growth in digital platform usage, indicating a shift towards technological integration in the reinsurance industry.
January 12, 2024
Insurance Industry
Risk Management
Technology
Auto Insurance Emerges as Surprising Factor in U.S. Inflation Trends
With the largest annual increase in nearly 50 years, auto insurance costs are unexpectedly contributing to persistent U.S. inflation, impacting overall consumer prices.
January 12, 2024
Auto
Insurance Industry
Legislation & Regulation
Risk Management
Moody’s RMS Estimates Insured Losses from Noto Peninsula Earthquake at $3-6 Billion
Moody’s RMS analysis predicts insured losses from the January 1 Noto Peninsula earthquake in Japan to range between $3 to $6 billion, covering various impacts.
January 12, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Ohio Supreme Court Clarifies Medical Claim Statute of Repose Includes Wrongful Death Claims
The Ohio Supreme Court’s recent decision affirms that the statute of repose for medical claims encompasses wrongful death claims, impacting medical malpractice litigation.
January 12, 2024
Legislation & Regulation
Liability
Litigation
Ohio
Stray Dogs Cause $350,000 Damage at Houston Car Dealership
Two stray dogs are responsible for extensive damage at G Motors in Houston, tearing bumpers and scratching paint off vehicles.
January 11, 2024
Catastrophe
Liability
Property
Weird
Texas
Renewed Interest in Long Term Care Insurance Amidst Rising Healthcare Costs
As healthcare expenses rise, long term care insurance sees a resurgence of interest from consumers seeking financial security for their senior years.
January 11, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Risk Management
$100 Million Settlement Reached in 2018 Grand Canyon Helicopter Crash
The family of a British tourist receives a $100 million settlement for the 2018 Grand Canyon helicopter crash that resulted in five deaths, including the tourist’s.
January 11, 2024
Catastrophe
Legislation & Regulation
Liability
Risk Management
Nevada
