With cyber attacks becoming an inevitable threat, over 70% of organizations now hold cyber insurance, reflecting a shift towards proactive risk management.
February 2
Carrier Management
Insurance Industry
Technology
Aon earmarks $197 million for legal settlements stemming from fraudulent transactions arranged by Vesttoo, with potential recoveries expected in the future.
February 2
Coverager
Fraud
Litigation
In a pioneering move, the Florida Bar approves AI for legal use, setting ethical standards to guide lawyers in harnessing AI technology responsibly.
February 2
CLM
Legislation & Regulation
Technology
California
Florida
Illinois
Kentucky
Minnesota
Meet Emily Weiss Schaffer, a 2023 Fine Arts Power Broker, and explore her journey and insights into the world of fine art insurance.
February 2
Risk & Insurance
Education & Training
Insurance Industry
Life & Health
Risk Management
New York
In response to the surge in litigation costs and nuclear verdicts, various states have enacted significant tort reforms to balance corporate accountability and economic growth.
February 1
CLM
Insurance Industry
Legislation & Regulation
Litigation
Florida
Georgia
Indiana
Iowa
Kansas
Under new SEC rules, public companies must now report significant cybersecurity incidents within four business days, enhancing transparency and risk management.
February 1
CLM
Legislation & Regulation
Risk Management
Technology
MGM Resorts Cyberattack Highlights New Challenges in IT Security and the Need for Enhanced Protocols
The recent cyberattack on MGM Resorts, costing an estimated $100 million, underscores the evolving threat landscape and the critical need for robust IT security measures.
January 31
Insurance Journal
Catastrophe
Risk Management
Technology
The entry of six new insurance companies into Florida’s market, following state regulatory approval, promises more options and competition for homeowners seeking coverage.
January 31
WPTV
Insurance Industry
Legislation & Regulation
Property
Florida
Despite law enforcement crackdowns, ransomware activities soared in 2023, signaling ongoing challenges and the need for enhanced cybersecurity measures.
January 31
Corvus Insurance
Catastrophe
Risk Management
Technology
Despite recent exits of Amazon and Google from insurance comparison services, traditional insurers continue to excel, blending technological innovation with proven expertise.
January 31
Insurance Thought Leadership
Auto
Risk Management
Technology
FloodFlash, with its unique sensor-based parametric flood insurance, is transforming the flood coverage landscape in the U.S., offering more accurate and reliable policies.
January 31
Risk & Insurance
Property
Risk Management
Technology
Alaska
Hawaii
A potent atmospheric river is forecast to bring significant rainfall to California, raising concerns over landslides and flooding in already saturated regions.
January 30
Yahoo News
Catastrophe
Property
Risk Management
California
Texas
The National Council of Insurance Legislators adopts a Colorado-inspired model for dental plans’ Medical-Loss Ratios, aiming for fairer premium spending on patient care.
January 30
Insurance News Net
Insurance Industry
Legislation & Regulation
Life & Health
Colorado
Massachusetts
West Virginia
New York legislators aim to join other states in offering pet insurance, with proposed bills focusing on regulatory frameworks and consumer protection.
January 30
The Post-Journal
Legislation & Regulation
Life & Health
Property
California
Maine
Mississippi
New York
Washington
In a move to ensure AI safety, the Biden administration mandates major AI developers to disclose safety test results, enhancing technology management and national security.
January 30
ABC News
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Recent Provider Listings
Serving Kansas, Missouri & Oklahoma Statewide
Kansas
Missouri
Oklahoma
Fire Investigations