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Generative AI Revolutionizes P&C Insurance with Promising and Complex Future

Generative AI offers transformative potential for P&C insurance, promising significant value while posing challenges in adoption and governance.
February 29, 2024 Insurance Industry Risk Management Technology

Cybersecurity Challenges and Strategies in a Digital Age

Cyberattacks pose a daily threat to organizations, highlighting the need for advanced security measures and robust risk management.
February 29, 2024 Insurance Industry Risk Management Technology

Tiara Wallace Champions Diversity and Innovation in Risk Management

With a rich background in claims and education, Tiara Wallace brings a fresh perspective to risk management, emphasizing diversity and innovation.
February 29, 2024 Education & Training Insurance Industry Risk Management Oklahoma Texas

Nationwide Cyberattack Disrupts Healthcare Payments and Patient Care

A cyberattack on Change Healthcare has caused significant disruptions, affecting hospitals, pharmacies, and patient care across the United States.
February 28, 2024 Life & Health Technology Texas

Insurance Coverage Threatened by Rising Claims Costs and Legal System Abuse

Recent trends in claims litigation and social inflation are increasing insurance premiums, particularly in states like Florida and Louisiana, as legal system abuse continues to challenge the industry.
February 28, 2024 Legislation & Regulation Litigation Property Risk Management Florida Louisiana

Recent New York Appellate Decisions Impact Insurance Broker E&O Claims

Two pivotal New York appellate decisions underscore the complexities of insurance broker errors and omissions, affecting both agents and clients.
February 28, 2024 Insurance Industry Legislation & Regulation Liability Litigation New York

Southern California Edison Settles for $80 Million Over 2017 Thomas Fire Damages

Southern California Edison agrees to an $80 million settlement for the 2017 Thomas Fire, marking a significant recovery for U.S. Forest Service costs and damages.
February 27, 2024 Catastrophe Litigation Risk Management California

Major Insurance Fraud Ring Busted in Everett, Six Indicted

A sophisticated insurance fraud scheme in Everett involving over $1 million in false claims leads to multiple indictments, with two suspects still at large.
February 27, 2024 Fraud Litigation Risk Management Massachusetts Rhode Island

Navigating Privacy Concerns in Workers’ Comp Safety Tech Adoption

Effective strategies can transform employee skepticism into acceptance for workplace safety technologies.
February 27, 2024 Education & Training Risk Management Technology Workers' Compensation New Jersey

Atlantic Hurricane Season Predicted to be Exceptionally Severe Amid Homeowners Insurance Market Challenges

With homeowners insurance rates adjusting, the Atlantic faces a potentially severe hurricane season due to alarming El Niño and La Niña patterns.
February 27, 2024 Catastrophe Insurance Industry Property Risk Management

Berkshire Hathaway’s Insurance Sector Shines Amidst Overall Performance Caution

Warren Buffett’s latest annual report for Berkshire Hathaway may have tempered expectations for the conglomerate’s future "eye-popping performance," but the insurance sector, led by GEICO’s remarkable turnaround, provided a glimmer of profitability and growth amidst the caution.
February 26, 2024 Insurance Industry Property Risk Management Technology

UnitedHealth Group’s Subsidiary Hit by Suspected Nation-State Cyberattack

The healthcare industry faces a significant cybersecurity challenge as UnitedHealth Group’s subsidiary, Change Healthcare, falls victim to a cyberattack suspected to be orchestrated by government-backed hackers.
February 26, 2024 Insurance Industry Life & Health Technology Michigan

Record Climate Disasters Highlight Need for Predict & Prevent Strategy in Insurance

The record-breaking climate and weather disasters of 2023 underscore the urgent need for the insurance industry to adopt a Predict & Prevent approach to mitigate financial impacts and protect policyholders.
February 26, 2024 Catastrophe Property Risk Management Technology California Florida

Understanding the Impact and Benefits of AI in the NFL and Insurance Industry

Discover how AI technology is transforming the NFL’s game strategies and enhancing efficiency in the insurance industry, from player performance to customer service.
February 26, 2024 Risk Management Technology Underwriting

Celebrating the 2024 Power Brokers: A Deep Dive into the Prestigious Insurance Award

In its 18th year, the Power Broker contest highlights the industry’s top talent, showcasing winners selected for their innovative risk solutions and service.
February 26, 2024 Insurance Industry Property Risk Management Workers' Compensation
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