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Navigating Legacy System Modernization in Insurance

Navigating Legacy System Modernization in Insurance

Insurance firms must decide between building new systems or enhancing legacy platforms through "wrapping" as digital transformation reshapes the industry.
January 13, 2025 Education & Training Insurance Industry Risk Management Technology

Emerging Insurance Trends Redefining Claims Management in 2025

Emerging Insurance Trends Redefining Claims Management in 2025

Discover the top claims and risk management trends for 2025, including AI-driven solutions, cyber insurance evolution, wearables in the workplace, and enhanced catastrophe response.
January 13, 2025 Catastrophe Risk Management Technology Workers' Compensation

Key Steps to Mitigate Cyber and Liability Risks When Adopting Generative AI

Key Steps to Mitigate Cyber and Liability Risks When Adopting Generative AI

Generative AI promises cost savings and efficiency, but businesses must carefully navigate risks like liability, cyber vulnerabilities, and data privacy before implementation.
January 13, 2025 Liability Risk Management Technology

Workplace Injuries Must Meet Specific Criteria for Compensation, Virginia WCC Rules

Workplace Injuries Must Meet Specific Criteria for Compensation, Virginia WCC Rules

The Virginia Workers' Compensation Commission denied benefits to a school bus driver, emphasizing that injuries caused by simple acts like walking are not automatically compensable.
January 8, 2025 Legislation & Regulation Litigation Risk Management Workers' Compensation Virginia

Thousands Evacuate as Wildfires Devastate Los Angeles Area

Thousands Evacuate as Wildfires Devastate Los Angeles Area

Southern California faces extreme fire conditions fueled by hurricane-force winds, forcing mass evacuations and widespread power outages, with no immediate relief in sight.
January 8, 2025 Catastrophe Legislation & Regulation Property Risk Management California

Commercial Insurance Rates Moderate in 2024 as Catastrophe Losses Decline

Commercial Insurance Rates Moderate in 2024 as Catastrophe Losses Decline

Commercial insurance premiums saw slower increases in 2024, averaging 3.75%, compared to 4.56% in 2023, as lower catastrophe losses drove deceleration in property rates.
January 8, 2025 Auto Liability Property Risk Management

How AI is Transforming Insurance: Opportunities and Challenges

How AI is Transforming Insurance: Opportunities and Challenges

Artificial intelligence is revolutionizing the insurance industry, enhancing efficiency and accuracy, but its adoption requires overcoming technical, ethical, and regulatory challenges.
January 8, 2025 Fraud Insurance Industry Underwriting

Adjusting to Change: Embracing AI in Workers’ Compensation Claims

Adjusting to Change: Embracing AI in Workers’ Compensation Claims

Artificial intelligence is reshaping workers' compensation, offering faster claims resolution and fairer settlements, but overcoming resistance from seasoned adjusters remains a challenge.
January 8, 2025 Litigation Risk Management Technology Workers' Compensation

Florida Couple Accused of Running $11 Million Insurance Fraud Scheme via Unauthorized Dental Practices

Florida Couple Accused of Running $11 Million Insurance Fraud Scheme via Unauthorized Dental Practices

A Florida couple allegedly orchestrated an $11 million insurance fraud scheme through unauthorized dental practices, deceiving patients and insurers to fund a luxury lifestyle.
January 7, 2025 Fraud Insurance Industry Legislation & Regulation Risk Management Florida

How Manufacturers Can Safeguard Against the Rising Threat of Cyberattacks

How Manufacturers Can Safeguard Against the Rising Threat of Cyberattacks

Manufacturers face increasing cyber risks as digital systems grow more integral. Learn how to mitigate vulnerabilities and protect your operations from financial fallout.
January 7, 2025 Liability Risk Management Technology

How Data Innovation Is Shaping the Insurance Industry’s Response to Climate Risks

How Data Innovation Is Shaping the Insurance Industry’s Response to Climate Risks

Presenters at Triple-I's Joint Industry Forum spotlighted how granular data, innovative insurance products, and consumer education are closing climate-related protection gaps.
January 7, 2025 Catastrophe Legislation & Regulation Property Risk Management California

The Insurance Revolution: Personalized Policies and Near-Instant Claim Approvals

The Insurance Revolution: Personalized Policies and Near-Instant Claim Approvals

Insurance companies are adopting AI, blockchain, and automation to simplify claims processes, aiming to deliver personalized policies and faster approvals for customers.
January 6, 2025 Auto Risk Management Technology

US Sanctions Chinese Cybersecurity Firm Over Ties to State-Sponsored Hacking

US Sanctions Chinese Cybersecurity Firm Over Ties to State-Sponsored Hacking

The Treasury has sanctioned Beijing-based Integrity Tech for supporting Flax Typhoon, a state-sponsored cyber group linked to U.S. critical infrastructure breaches.
January 6, 2025 Legislation & Regulation Liability Risk Management Technology

Hawaii Faces Calls to End Illegal Fireworks After Deadly Explosions

Hawaii Faces Calls to End Illegal Fireworks After Deadly Explosions

Recent tragedies highlight the dangers of illegal fireworks in Hawaii, leading officials and residents to debate stronger enforcement measures and cultural traditions.
January 6, 2025 Catastrophe Legislation & Regulation Property Risk Management Arizona Hawaii

Florida Condo Owners Brace for Higher Costs Amid New Safety Rules

Florida Condo Owners Brace for Higher Costs Amid New Safety Rules

Florida's condo owners confront rising fees due to stricter safety laws aimed at preventing disasters like the 2021 Surfside collapse, with inspections, reserve funding, and insurance costs at the forefront.
January 6, 2025 Insurance Industry Legislation & Regulation Property Risk Management Florida
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