Insurance Faces Transformational Change in 2025 Amid Rising Costs and Evolving Risks
Insurers must adapt to rising operational costs, complex risks, and technological shifts as the industry evolves in 2025, Majesco reports.
December 12, 2024
Property
Risk Management
Technology
Krispy Kreme Faces Cyberattack, Disrupts Online Doughnut Orders
Krispy Kreme is dealing with the aftermath of a cyberattack affecting online ordering at some U.S. locations, potentially impacting revenue and operations as the company works to recover.
December 11, 2024
Insurance Industry
Liability
Risk Management
Technology
Florida Unveils Elevation Program to Mitigate Flood Risks for Homes
Florida introduces the Elevate Florida program, offering grants and SBA loans to elevate flood-prone homes, aiming to reduce claims, lower insurance rates, and improve disaster resilience.
December 11, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
Sodium-Ion Batteries: A New Player in Energy Storage
Sodium-ion batteries offer a more affordable and eco-friendly alternative to lithium-ion technology, with potential applications in energy storage despite size limitations.
December 10, 2024
Property
Risk Management
Technology
North Carolina
Dynamic Pricing Transforms Insurance with Real-Time Premium Adjustments
Dynamic pricing powered by AI, IoT sensors, and telematics is revolutionizing insurance by enabling real-time premium adjustments based on market trends and customer behavior.
December 10, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Florida
Parents of Teen Killed in Orlando Ride Accident Awarded $310 Million
A jury has awarded $310 million to the parents of Tyre Sampson, the teen who fell from the Orlando FreeFall ride in 2022, highlighting the consequences of safety failures in amusement rides.
December 9, 2024
Legislation & Regulation
Liability
Litigation
Risk Management
Florida
Missouri
Teen Arrested in Scattered Spider Cybercrime Case Linked to Telecom and Crypto Hacks
Authorities have arrested a teenager linked to the Scattered Spider gang, accusing them of hacking financial and telecom firms and launching phishing campaigns targeting employees and customers.
December 9, 2024
Fraud
Litigation
Risk Management
Technology
Florida
North Carolina
Texas
Modern Building Codes Hold the Key to Reducing Disaster Costs
Modernized building codes can significantly cut disaster recovery costs, but inconsistent adoption across states remains a major challenge as climate risks grow.
December 9, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Delaware
Florida
Louisiana
Virginia
Overcoming Language Barriers in Insurance Claims with Tech and Human Expertise
Balancing advanced AI with human expertise is crucial for overcoming linguistic challenges in insurance claims, ensuring accuracy, and maintaining customer trust.
December 9, 2024
Education & Training
Insurance Industry
Liability
Technology
Freeze Claims: Strategies for Swift and Effective Resolution
Learn how proactive risk management, clear communication, and expert coordination can turn a freeze claim disaster into a successful recovery.
December 9, 2024
Catastrophe
Education & Training
Property
Risk Management
Arizona
Florida
New Mexico
Global Insurance 2025: Navigating Challenges to Achieve Growth
The global insurance industry faces inflation, natural disasters, and shifting demographics but finds opportunities for innovation and expansion into emerging markets.
December 9, 2024
Catastrophe
Property
Risk Management
Technology
California
Florida
New York
Washington
Unlocking the Millennial Market for Life Insurance and Annuities
The life and annuities industry must adopt modern technology, customer-centric strategies, and scalable solutions to engage millennials seeking financial security.
December 5, 2024
Insurance Industry
Life & Health
Risk Management
Technology
P&C Insurers Face New Risks Faster Than Business Practices Adapt
A new report highlights how emerging risks like severe weather and fraud are testing U.S. P&C insurers, urging faster adoption of AI and aerial imagery technologies to stay competitive.
December 5, 2024
Catastrophe
Property
Risk Management
Technology
Chinese Hackers Target Eight U.S. Telecom Firms in Espionage Campaign
A Chinese espionage group has infiltrated eight U.S. telecom companies, sparking federal investigations and raising cybersecurity concerns across critical infrastructure.
December 5, 2024
Legislation & Regulation
Risk Management
Technology
Florida
Florida Matches Record Hurricane Landfalls in 2024, Reports Howden Re
The 2024 Atlantic hurricane season, marked by record Florida landfalls and extreme storm activity, ranks among the most impactful in recent history, Howden Re reports.
December 5, 2024
Catastrophe
Property
Risk Management
Technology
Florida
North Carolina
Tennessee
