Leveraging AI for Future-Proofing Insurance
A deep dive into the Rackspace Technology-sponsored 2024 AI Report reveals strategic AI investments and challenges among insurance IT leaders.
April 1, 2024
Education & Training
Risk Management
Technology
Homeowners Brace for Further Hikes Amid Climate and Market Pressures
As homeowners grapple with a 19.8% spike in insurance rates, projections show a relentless 6% increase into 2024, heavily influenced by climate change and severe weather patterns.
April 1, 2024
Catastrophe
Legislation & Regulation
Property
Connecticut
Florida
Illinois
Louisiana
Maine
Solar Sector Struggles with Soaring Hail Damage Claims Amid Climate Challenges
Record solar installations face unprecedented hailstorm damage, challenging insurers and the renewable energy sector.
April 1, 2024
Catastrophe
Technology
North Carolina Body Shop Owner Faces Insurance Fraud Charges
Following the insurance fraud charges, businesses are urged to adopt stringent safeguards to prevent fraud and protect their operations.
April 1, 2024
Education & Training
Fraud
Insurance Industry
Technology
North Carolina
Balancing Innovation and Risk in Insurance Data Science Adoption
Insurers strive for a balance between embracing data science innovation and maintaining robust risk governance and ethical standards.
April 1, 2024
Insurance Industry
Risk Management
Technology
Shifts in the U.S. Commercial Litigation Finance Landscape Amid Economic Fluctuations
The U.S. commercial litigation finance industry faces a contraction in new funding deals due to broader financial market trends, despite stable demand.
April 1, 2024
Insurance Industry
Litigation
Risk Management
Bridging the Gap in Cybersecurity with Process Innovation in the Insurance Sector
In the fast-evolving cyber threat landscape, insurance industry processes are key to developing adaptable policies, managing risks, and enhancing cyber resilience.
April 1, 2024
Insurance Industry
Risk Management
Technology
Adjusters Discuss Strategies and Frustrations with Roof Claims
Claims adjusters express challenges with roof damage claims, share strategies for dealing with contractors, and navigate industry changes.
March 29, 2024
Catastrophe
Insurance Industry
Property
Technology
Swiss Re and Zurich Navigate the Generative AI Wave in the Reinsurance Sector
As the reinsurance industry explores Generative AI, leaders weigh the technology’s potential for innovation against its risks.
March 29, 2024
Insurance Industry
Risk Management
Technology
U.S. Offers $10 Million Bounty for Information on BlackCat Ransomware Gang Leaders
Following a devastating attack on UnitedHealth Group’s subsidiary, the U.S. government offers a hefty reward for leads on the BlackCat ransomware syndicate.
March 29, 2024
Legislation & Regulation
Life & Health
Technology
Predictions Point to a Record-Breaking 2024 Atlantic Hurricane Season
Forecasters warn of an unusually active 2024 Atlantic hurricane season, urging early preparations as conditions favor above-average storm activity.
March 29, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Florida
North Carolina
South Carolina
Texas
Experts Unveil a Blueprint to Combat Smartphone-Induced Distracted Driving
A groundbreaking report by GHSA and CMT offers strategies to tackle distracted driving, revealing the effectiveness of hands-free laws and tech-driven safety programs.
March 29, 2024
Auto
Legislation & Regulation
Technology
Alabama
Michigan
Missouri
Ohio
Deciphering AI’s Role in Insurance Raises More Questions Than Answers
At the 2024 cyber symposium, experts express the need for clarity in underwriting AI-related risks, underscoring the insurance industry’s struggle with fast-paced technological advancements.
March 29, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
The Impact of COVID-19 on Workers’ Compensation: Insights from the National Academy of Social Insurance Report
The 26th annual report by the National Academy of Social Insurance offers a detailed look at workers’ compensation trends during the COVID-19 era, showcasing the system’s adaptability.
March 29, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Workers' Compensation
Navigating the Stormy Seas of Marine Insurance Claims with Expertise and Empathy
Marine loss adjuster Paul Field reveals the challenges and nuances of handling insurance claims for pleasurecraft, emphasizing the human aspect and technical expertise required.
March 29, 2024
Insurance Industry
Marine
Risk Management
Technology
