Blue Cross Blue Shield of Illinois Hit with Fines for Network Information Violations
The state has fined Blue Cross Blue Shield of Illinois more than $200,000 over claims the insurance provider failed to provide updated and complete information about providers in its network.
November 6, 2023
Insurance Industry
Legislation & Regulation
Life & Health
Illinois
Evaluating PBM Pricing Models: The Key Factors to Consider and Questions to Ask
Multiple factors affect PBM pricing. These are the questions payers need to ask to find the right fit (and get the most savings) for their company.
November 6, 2023
Insurance Industry
Risk Management
Workers' Compensation
Minnesota Men Face Federal Charges in Interstate Catalytic Converter Theft Ring
Federal officials have charged four Minnesota men in a multi- million-dollar scheme to transport stolen catalytic converters to buyers in several states.
November 2, 2023
Auto
Fraud
Insurance Industry
Litigation
Colorado
Minnesota
New Jersey
New York
Oklahoma
Rising Reconstruction Costs and Climate Change Fuel Record High Natural Catastrophe Losses
It is over a decade since Verisk started producing its ‘Global Modeled Catastrophe Losses Report’, which, in 2023, projected a record high global modelled insured average annual loss from natural catastrophes.
November 2, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management
Storm Losses Dent P&C Sector Profits, Optimism Brews for 2025 Revival
Severe convective storm losses—the highest in decades—significantly affected the 2023 net combined ratio for the property/casualty industry, according to the latest underwriting projections by Triple-I and Milliman actuaries.
November 2, 2023
Auto
Catastrophe
Legislation & Regulation
Property
Risk Management
Accounting for Similarities. What Stakeholders Believe The Institutes’ Affiliation with the IASA Can Deliver
The Malvern, Pa.-based Institutes’ latest affiliation promises to introduce the skills and experience of insurance accounting and systems administration professionals to a much wider audience.
November 2, 2023
Education & Training
Risk Management
Technology
Pennsylvania
Jury to Decide PTSD Lawsuit Against Five Guys After Delivery Worker’s Scare
A food delivery worker who encountered two weapon-wielding maintenance workers surprised by his presence in a Five Guys hamburger eatery can bring negligence claims.
November 1, 2023
Unveiling Generative AI: A Game Changer for Customer Engagement
Generative AI enables the creation of sophisticated, personalized customer experiences in the insurance industry through intelligent communication.
November 1, 2023
Insurance Industry
Risk Management
Technology
2022 Sees a Dip in Uninsured Driving Rates Post-Pandemic Spike: IRC Report Reveals
About one out of seven U.S. drivers operated a private-passenger vehicle without liability insurance in 2022, according to new research by the Insurance Research Council (IRC), an affiliate of The Institutes.
November 1, 2023
Auto
Insurance Industry
Legislation & Regulation
Risk Management
AI and Economic Trends: A New Era of Opportunities in Subrogation
How is artificial intelligence changing the subrogation process? How has the economy changed carriers’ appetite to identify subrogation opportunities?
November 1, 2023
Insurance Industry
Legislation & Regulation
Subrogation
Technology
Haunt Happily, Claim Less: APCIA’s Guidance for a Safe Halloween Celebration
As kids, parents and yard haunters fill candy bowls, finalize costumes and perfect their spooky decorations, the APCIA reminds us to take a few simple steps to keep Halloween safe and avoid auto and homeowners insurance claims.
October 31, 2023
Auto
Property
Unveiling the Three-Stage Digital Revolution in the Insurance Industry
In an interview with Insurance Thought Leadership, Gaurav Garg from Oliver Wyman discusses the digital transformation in the insurance industry.
October 31, 2023
Auto
Education & Training
Liability
Risk Management
Technology
Triple-I Partnership Cultivates Diversity and Early Career Advancement in Insurance
To amplify the Insurance Information Institute’s (Triple-I) commitment to Diversity, Equity, and Inclusion (DEI) in the workplace, Triple-I partnered with HBCU IMPACT.
October 31, 2023
Education & Training
Insurance Industry
Risk Management
Guidewire and RiskStream Unite: Revolutionizing the Insurance Landscape with RAPID X Technology
By creating a single source of truth, blockchain-based "smart contracts" enable real-time data collection, sharing, and analysis that can reduce fraud, accelerate claims processes, and save the industry $200 billion per year.
October 31, 2023
Auto
Fraud
Insurance Industry
Technology
Evolving Vehicle Valuation: A Shift Towards Dynamic Insurance Pricing Amid Changing Auto Retail Trends
Changes in buyers’ behavior mean an insurer using MSRP to set an insurance value is underpricing the vehicle from the start.
October 31, 2023
Auto
Insurance Industry
Risk Management
Technology
