GenAI Impact and Risk Management for Directors and Officers in the Insurance Landscape
Analyzing how GenAI shapes business prospects and poses new challenges for directors, officers, and the insurance sector
December 22, 2023
Legislation & Regulation
Liability
Risk Management
Technology
Rite Aid Faces Facial Recognition Tech Ban Following FTC Allegations
Settling with the FTC, Rite Aid faces a five-year ban on facial recognition technology amid claims of incorrect usage and bias against minority shoppers.
December 21, 2023
Legislation & Regulation
Liability
Technology
Pennsylvania
Physicians and Former Hospital Executive Settle for Over $880,000 in Kickback Scheme
Four doctors and a former hospital administrator settle allegations of receiving kickbacks for lab referrals, highlighting the importance of ethical medical practices.
December 21, 2023
Fraud
Legislation & Regulation
Liability
Life & Health
Massachusetts
Texas
Insurance Rate Secrecy Protected by Court in Key Legal Decision
Examining the court’s decision to seal crucial insurance rate information, weighing transparency against the need for competitive confidentiality.
December 21, 2023
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
Washington
Construction Industry: A New Cybercrime Target Amidst Booming Economy
Exploring the rise in cybercrime targeting the construction sector, highlighting the vulnerabilities and legal implications in the face of robust industry growth.
December 21, 2023
Legislation & Regulation
Liability
Risk Management
Technology
Data Modernization as a Strategic Imperative in Today’s Insurance Industry
Exploring the essential role of data and analytics in the insurance sector, emphasizing strategic alignment and the push for innovation.
December 21, 2023
Insurance Industry
Risk Management
Technology
Surge in Tax and Litigation Business Insurance as Companies Seek Greater Financial Security
Businesses are increasingly turning to tax and litigation insurance for added financial protection amid evolving market risks.
December 20, 2023
Insurance Industry
Litigation
Risk Management
Underwriting
Dubai Aerospace Enterprise Secures $118 Million Settlement, Continues Litigation Against Insurers
Dubai Aerospace Enterprise receives a substantial insurance settlement from Aeroflot’s insurer, while continuing its legal battle with other insurers.
December 20, 2023
Insurance Industry
Litigation
Property
Risk Management
El Nino’s Heavy Rains Pose Major Challenges for Septic Tank Owners
Exploring the impact of El Nino’s intense rainfall on septic systems and the importance of regular maintenance and insurance understanding.
December 20, 2023
Catastrophe
Education & Training
Property
Risk Management
Hawaii
Oregon
State Farm Faces Unprecedented Homeowners Loss Ratio Amid Severe Weather Challenges
State Farm’s homeowners loss ratio hits a 20-year high, driven by severe weather events, prompting significant rate hikes and premium growth.
December 20, 2023
Catastrophe
Property
Risk Management
Underwriting
Insurance Industry at a Crossroads with Technology Transformation and Customer Focus
Examining the pitfalls of past insurance transformations and the urgent need for a customer-focused, technologically adept future in the industry.
December 20, 2023
Insurance Industry
Risk Management
Technology
Underwriting
Navigating New Risks: Adapting Mental Health Care in the Post-Pandemic Era
Exploring the increased liability risks in mental health care post-pandemic and strategies for practitioners to mitigate these challenges.
December 20, 2023
Education & Training
Liability
Life & Health
Technology
Non-Standard Insurance Market Poised for Dynamic Growth by 2030, Prestige Underwriting Reports
Prestige Underwriting’s report, in collaboration with Aon’s Finaccord, forecasts significant growth in the non-standard insurance market by 2030, driven by unique property types and evolving motor vehicle trends.
December 19, 2023
Auto
Insurance Industry
Property
Risk Management
Tesla’s Recall Underscores the Growing Importance of Specialty Insurance in Auto Industry
Tesla’s recent recall of over two million vehicles due to Autopilot issues highlights the vital role of specialty insurance in addressing the risks of advanced automotive technologies.
December 19, 2023
2023: A Year of Record-Breaking Rapid Hurricane Intensification in Multiple Basins
In 2023, hurricanes Lee, Jova, and Otis set records for rapid intensification, reflecting an active global tropical season with significant impacts on insurance and risk management.
December 19, 2023
Catastrophe
Insurance Industry
Property
Risk Management
