As insurers increasingly adopt artificial intelligence, global regulators are stepping up oversight, emphasizing ethics, compliance, and transparency to mitigate risks and ensure responsible innovation.
Artificial intelligence is transforming the insurance industry by automating processes, enhancing fraud detection, personalizing policies, and streamlining customer service.
Insurance customers are increasingly satisfied with digital claims processes, thanks to mobile app improvements like collision reporting, image uploads, and seamless navigation tools.
Over 33,000 U.S. homes face extreme risks from three natural disasters, exposing gaps in insurance coverage and highlighting the urgent need for multi-peril resilience planning.
A Missouri farmer, known for his role in a reality TV series, has pleaded guilty to a multi-million-dollar crop insurance fraud scheme involving falsified federal benefit claims.
An annual operational review of claims departments is essential to improve efficiency, ensure compliance, and deliver exceptional customer service in an evolving insurance industry.
A Greensboro woman faces charges for allegedly filing a $49,000 claim for pre-existing damage to her late mother’s home, using her mother’s identity to obtain the policy.
Beckett Grading Services faces a steep drop in card grading activity as its owner’s $2 billion insurance fraud conviction compounds ongoing struggles in the competitive market.
Federal prosecutors have indicted three individuals in connection with an alleged $10 million no-fault auto insurance fraud operation, with ties to a firm linked to former NYC official Frank Carone.
An Oklahoma employer must pay $72,000 in back wages and damages after misusing an agricultural exemption to avoid paying overtime to 20 retail employees across multiple locations.
A Portsmouth-based hardwood floor manufacturer faces $255,528 in OSHA fines following a partial arm amputation injury and repeated safety violations at two facilities.
The CDC has concluded its investigation into an E. coli O157:H7 outbreak traced to McDonald’s Quarter Pounder burgers, which sickened 104 people in 14 states and led to one fatality.
Insurance leaders at Triple-I’s 2024 Joint Industry Forum rebrand "social inflation" as "legal system abuse" to improve communication and drive legal reform for cost control.
Strong underwriting and moderate pricing gains sustain profitability in U.S. commercial insurance, despite pressures from casualty claims, social inflation, and evolving liabilities.
Fragmented data sources and limited integration are stalling the insurance industry’s ability to address climate risks, experts emphasize at the Global Insurance Forum.
