A recent poll highlights the biggest obstacles to addressing the global insurance protection gap, with conflicting priorities, data gaps, and regulatory issues emerging as major challenges.
Traditional models for assessing severe convective storm risk rely on broad proxies like ZIP codes and roof age. AI-driven property-specific models offer insurers a more precise approach.
Over 33,000 insurance claims have been filed following the Los Angeles County wildfires, with insurers paying $6.9 billion to date. California’s insurance commissioner has issued orders to expedite claim payments and prevent policy cancellations.
A new Lloyd’s systemic risk scenario reveals that a hypothetical extreme solar storm could result in a global economic loss of $2.4 trillion over five years.
Thieves have stolen nearly $2 million worth of Nike sneakers from BNSF trains in California and Arizona in a series of well-coordinated heists since last March. Despite multiple arrests, including a suspected ringleader, the thefts persist.
Texas beekeepers have lost nearly two-thirds of their honey bee colonies, threatening pollination services and increasing produce costs. Experts cite multiple factors but lack a clear cause.
With soaring premiums and industry instability, Florida lawmakers are pushing for reforms in home and auto insurance. Transparency, incentives, and technology may offer relief, but challenges remain.
As extreme weather events grow in frequency and severity, insurers must adapt through innovation, risk modeling, and new risk transfer strategies to remain viable.
A Georgia appellate court ruled that an employer cannot use a worker’s prior undisclosed injury against them if the employer knowingly continued their employment before a subsequent workplace injury occurred.
An Ohio firefighter has been indicted on charges of workers’ compensation fraud and theft, accused of unlawfully obtaining benefits between January and February 2022.
Fraud investigations in Canada jumped 76% in 2024, with auto-related scams making up 67% of cases. Staged crashes, AI-powered fraud, and stolen vehicle scams are straining repair shops.
Artificial intelligence is revolutionizing fraud detection in insurance, but as fraudsters adopt AI-driven tactics, the industry faces an escalating arms race. Insurers that fail to invest in AI risk being outpaced by increasingly sophisticated fraud schemes.
A former police officer and current attorney is accused of orchestrating an insurance fraud scheme involving inflated art valuations and false police reports.
A global survey of over 500 insurance executives reveals how AI, climate risks, cybersecurity, and evolving market dynamics are shaping the industry’s future through 2040.