Insurance Industry Prioritizes Human-Centered AI for Ethical Innovation

At Triple-I’s 2024 Joint Industry Forum, experts highlighted AI’s transformative potential while stressing ethical implementation, collaboration, and regulatory preparedness.
December 19, 2024 Insurance Industry Legislation & Regulation Risk Management Technology

North Dakota Grants Key Approval for Midwest CO2 Pipeline Storage

North Dakota regulators approved permits for underground carbon dioxide storage, a critical step for Summit Carbon Solutions’ Midwest pipeline project, despite ongoing opposition.
December 19, 2024 Legislation & Regulation Property Risk Management Technology Iowa Minnesota Nebraska North Dakota South Dakota

Swiss Re Leaders Highlight Industry Risks and Opportunities for 2025

Swiss Re executives outline key challenges for the re/insurance industry in 2025, including geopolitical instability, rising natural disaster losses, social inflation, and opportunities in life insurance growth.
December 19, 2024 Catastrophe Liability Life & Health Risk Management

Senate Report Blames Climate Change for Insurance Challenges as Industry Pushes Back

The Senate Budget Committee attributes rising non-renewal rates to climate change, but insurance experts highlight other drivers like inflation, litigation, and overbuilding.
December 19, 2024 Catastrophe Legislation & Regulation Property Risk Management California Florida Hawaii Louisiana Massachusetts

Millions of Homeowners Risk Being Underinsured for Detached Structures

AI-based analysis reveals nearly half of U.S. properties have overlooked secondary structures, highlighting risks for homeowners and insurers alike.
December 19, 2024 Property Risk Management Technology Underwriting California Georgia Montana North Carolina Rhode Island

Robin Roberson on How Agentic AI Is Reshaping Insurance Claims

Insurance Thought Leadership interviews Robin Roberson about how Agentic AI is transforming claims processes, automating manual tasks, and improving communication across the insurance ecosystem.
December 19, 2024 Insurance Industry Risk Management Technology Oklahoma

Key Trends and Insights Shaping the Insurance Industry in 2024

In 2024, the insurance industry experienced strong growth, leveraged AI for innovation, addressed talent gaps, and adapted to shifting risk landscapes and customer needs.
December 19, 2024 Insurance Industry Life & Health Risk Management Technology

OSHA Proposes $328,545 Fine for New Jersey Contractor Over Fall Hazard Violations

Federal workplace safety officials allege that a New Jersey contractor repeatedly violated safety standards at three sites, citing willful and serious fall-related hazards.
December 18, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation New Jersey New York Pennsylvania

Advocacy Groups Push for FIO to Release Critical Home Insurance Data

Consumer and environmental groups urge the Federal Insurance Office to release nationwide homeowners insurance data collected by NAIC to address the evolving insurance crisis linked to climate risks.
December 18, 2024 Catastrophe Legislation & Regulation Property Risk Management

NC Supreme Court Rules COVID Shutdowns Caused Physical Loss for Restaurants

The North Carolina Supreme Court diverged from most courts, finding that COVID-19 shutdowns constituted direct physical loss for restaurants under certain insurance policies.
December 18, 2024 Insurance Industry Legislation & Regulation Litigation Property New Hampshire North Carolina

Workers’ Comp Mega Claims Top $1 Billion Annually Amid Rising Costs and Frequency

Mega workers’ compensation claims, exceeding $2 million each, are climbing in frequency and cost, accounting for over $1 billion annually despite representing less than 0.1% of all claims.
December 18, 2024 Insurance Industry Risk Management Technology Workers' Compensation

The Rise of Agentic AI: Transforming Tasks and Decision-Making

Agentic AI moves beyond generative capabilities to execute tasks autonomously, reshaping industries like insurance, healthcare, and finance, with humans collaborating as managers of AI workflows.
December 18, 2024 Education & Training Insurance Industry Risk Management Technology District Of Columbia

Iowa Roofing Company Barred from Acting as Unlicensed Public Adjuster

Darren Reeves Roofing is ordered to cease unlicensed public adjuster services, including negotiating insurance claims or offering advice on insurance contracts, following a consent order in Iowa.
December 16, 2024 Fraud Insurance Industry Legislation & Regulation Litigation Iowa

Businesses Face Growing Pressure to Address Climate Risks

As climate risks increase due to more frequent and severe weather events, businesses must adopt resilient strategies to protect operations, assets, and supply chains.
December 16, 2024 Catastrophe Insurance Industry Risk Management Technology

Holiday Hazards That Lead to Common Injuries

The holiday season brings joy but also hazards, from falls and car accidents to food-related issues. Learn about the most common injuries and how to avoid them.
December 13, 2024 Auto Liability Life & Health Risk Management
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