Navigating Unpredictable Futures: Key Predictions for Insurance in 2024 and Beyond
Exploring the evolving landscape of insurance in 2024, with a focus on technology, industry consolidation, and the impact of climate change on insurance strategies.
January 2, 2024
Auto
Catastrophe
Legislation & Regulation
Technology

Non-Standard Insurance Market Poised for Dynamic Growth by 2030, Prestige Underwriting Reports
Prestige Underwriting's report, in collaboration with Aon's Finaccord, forecasts significant growth in the non-standard insurance market by 2030, driven by unique property types and evolving motor vehicle trends.
December 19, 2023
Auto
Insurance Industry
Property
Risk Management

New Jersey Man Pleads Guilty in Massive No-Fault Auto Insurance Fraud Scheme
Bradley Pierre's guilty plea unveils a decade-long, $60-$70 million no-fault auto insurance fraud, involving medical clinics, bribes, and tax evasion in New York and New Jersey.
December 19, 2023
Auto
Fraud
Legislation & Regulation
Litigation
New Jersey
New York

The Future of Insurtech: Top 5 Trends Revolutionizing Insurance in 2024
Exploring five groundbreaking insurtech trends set to redefine the insurance landscape in 2024, from AI-driven insights to embedded insurance.
December 15, 2023
Auto
Insurance Industry
Risk Management
Technology

Swift Action by Auburn Police Leads to Recovery of 16 Stolen Rental Cars
Auburn Police demonstrate exceptional efficiency by recovering 16 stolen vehicles within 36 hours, working in collaboration with local businesses and state authorities.
December 12, 2023
Auto
Fraud
Massachusetts

Tesla Cybertruck’s Design Raises Safety Concerns Among Experts
Safety experts express concerns over Tesla Cybertruck's stiff stainless-steel exoskeleton, potentially posing risks to pedestrians and other vehicles.
December 11, 2023
Auto
Legislation & Regulation
Risk Management
Technology

Multi-Million-Dollar Insurance Fraud Ringleader Captured After Four Years as a Fugitive
After a lengthy pursuit, US Marshals arrest William Maze, the alleged leader of a vast insurance fraud operation, marking a significant breakthrough in the case.
December 4, 2023
Auto
Fraud
Legislation & Regulation
Florida
Nevada
Washington

Federal Court Orders Remand in Pennsylvania Bad Faith Insurance Case Involving UIM Claim
In a pivotal decision, the Federal Court remands a bad faith insurance case to state court, highlighting the complexities of underinsured motorist claims and adjuster conduct.
December 4, 2023
Auto
Legislation & Regulation
Pennsylvania

Glimmers of Good News on Climate (Finally)
Stunning declines in the cost of solar and wind power are rapidly adding renewables to the world's energy mix.
November 28, 2023
Auto
Catastrophe
Risk Management
Technology
Georgia
New Jersey

Tesla Insurance Policyholders Face Delays and Challenges in Claims Process
Tesla Insurance customers report significant delays in claims processing and difficulties in communication, reflecting challenges in the insurer's service.
November 21, 2023
Auto
Insurance Industry
Liability
Litigation
California
Maryland
Ohio

Use of Onboard Cameras in Fleet Vehicles Touted as Key to Mitigating Liability Risks
In the face of rising nuclear verdicts, risk experts from Crum & Forster advocate the use of cameras in fleet vehicles to minimize liability and enhance safety.
November 17, 2023
Auto
Liability
Risk Management
Technology
Ohio

Insurance Industry Shifts Focus from Repair to Predict and Prevent Model
In a significant industry shift, insurance moves towards a predict and prevent model, emphasizing consumer education and engagement.
November 16, 2023
Auto
Education & Training
Risk Management
Technology

Revolutionizing Auto Insurance Claims with Advanced Crash Detection Technology
Crash detection technology is set to revolutionize the auto insurance claims process, offering real-time accident alerts and improving the efficiency of claims handling.
November 15, 2023
Auto
Risk Management
Technology
Underwriting

Empowering Insurance in the Digital Age: Leveraging Enterprise Blockchain for Multiparty Business Efficiency
In a rapidly evolving economic landscape, the insurance industry turns to blockchain technology for effective multiparty business process management.
November 13, 2023
Auto
Life & Health
Risk Management
Technology

Cruise Automation Hits a Bump: 950 Driverless Cars Recalled After Accident
Cruise is recalling 950 driverless cars from the roads across the United States following a crash involving one of its robotaxis and will likely issue more recalls.
November 9, 2023
Auto
Catastrophe
Legislation & Regulation
Technology
Arizona
Florida
Texas




