The 2024 Ransomware Trends Report reveals increasing cyber threats, with a focus on data protection, recovery strategies, and the collaboration between IT and security teams.

Higher accident rates and steeper repair costs for EVs are creating challenges for insurers trying to maintain underwriting profitability in this burgeoning market, according to a new report from the Swiss Re Institute.

Iowa’s major insurance companies have reduced roof coverage, resulting in substantial out-of-pocket costs for homeowners and jeopardizing mortgages. The changes follow increased claims from frequent hail and wind storms.

North Carolina has experienced a significant increase in insurance fraud since the COVID-19 pandemic, with seniors being heavily targeted by scams. State officials are urging vigilance and reporting to combat the issue.

A recent TikTok hack compromised CNN’s account and targeted other high-profile users, including Paris Hilton. The security breach remains under investigation, with TikTok enhancing security measures to prevent future attacks.

Jim Farley envisions Ford achieving level 3 autonomous driving within a few years, revolutionizing the auto industry and reclaiming time for drivers.

Digital solutions can significantly enhance the claims experience, but there remains a gap between customer preferences and current industry practices.

At Carrier Management’s annual InsurTech Summit, Frank Giaoui of Optimalex Solutions and Shane Riedman of Verisk explored how artificial intelligence (AI) is revolutionizing property/casualty insurance claim processing.

The Delaware Superior Court’s recent decision to allow 75,000 Zantac lawsuits to proceed raises questions about whether the state will become a new hub for mass tort litigation.

Percentage deductibles might offer a lifeline to the strained property casualty market by sharing more risk with policyholders and potentially revitalizing insurer confidence.

Carrier Management’s June 2024 edition of Risk Alerts brings attention to various emerging hazards, including falling space debris, prolonged megadroughts, toxins in bioplastics, vulnerable bridges, and the health impacts of climate change.

Bradley Pierre has been sentenced to 10 years in prison for orchestrating a $60 million fraud targeting No-Fault automobile insurance companies, marking one of the largest such frauds in New York history.

Fraud detection, historically reliant on human analysts, is being revolutionized by big data and advanced analytics, enabling automated and enhanced detection methods.

Doug Akerson of Munich Re discusses the challenges and innovations shaping the renewable energy sector, highlighting severe weather impacts and technological advancements.

A New Jersey court ruled that an Amazon driver’s workplace shooting injury was not compensable under workers’ compensation, citing the personal nature of the incident and lack of connection to employment.