Systemic Cyber Risk: Assessing Aggregation in Healthcare and Maritime Industries
The Lloyd’s Market Association introduces a framework for evaluating systemic cyber risks, focusing on healthcare and maritime industries, to aid insurers in risk management.
January 13
Insurance Industry
Risk Management
Technology
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
Education & Training
Insurance Industry
Risk Management
Technology
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
Fraud
Insurance Industry
Underwriting
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
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
Florida
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
Insurance Industry
Legislation & Regulation
Property
Risk Management
Florida
Year-End Tornadoes Spark Surge in Insurance Claims Across Southern States
Severe storms from December 26–29, 2024, caused extensive tornado damage across 10 Southern states, generating over 2,700 insurance claims and highlighting a rising trend in extreme weather events.
January 6
Catastrophe
Insurance Industry
Property
Risk Management
Alabama
Mississippi
North Carolina
South Carolina
Texas
How AI is Revolutionizing Insurance in 2025
The insurance industry is entering a transformative era as AI moves from isolated pilots to enterprise-wide implementations, reshaping claims, customer service, and underwriting processes.
January 6
Insurance Industry
Property
Risk Management
Technology
Senior Treasury Officials’ Computers Hacked in Cybersecurity Breach
Chinese state-backed hackers reportedly accessed unclassified files on senior U.S. Treasury leaders’ computers in a major breach involving a federal software provider.
January 3
Insurance Industry
Litigation
Risk Management
Technology
Classic Car Owners Struggle as Auto Insurance Costs Skyrocket
Classic car enthusiasts face rising insurance premiums, with rates climbing six times faster than inflation, leaving many overpaying for insufficient coverage.
January 3
Auto
Insurance Industry
Liability
Risk Management
Global Flood Losses in 2024 Reach $18.2 Billion as CRESTA Integrates Into PERILS
Flooding caused 78% of global catastrophe losses in 2024, totaling $18.2 billion. CRESTA integrates its loss index into PERILS for streamlined reporting starting January 2025.
January 3
Catastrophe
Insurance Industry
Risk Management
Technology
Florida Court Clears Uber of Liability in Driver’s Fatal Accident
A Florida appeals court ruled that Uber is not responsible for a wrongful death claim, as the driver involved in the fatal accident was off duty and logged out of the Uber app.
January 3
Insurance Industry
Legislation & Regulation
Liability
Litigation
Florida
The Insurance Gold Rush: How Digital Nomads Are Redefining Global Coverage
The rise of remote work and international hiring is driving innovation and growth in commercial insurance, offering tailored solutions to meet the diverse needs of a global workforce.
January 3
Insurance Industry
Life & Health
Risk Management
Technology
How New Technology and Standards Are Transforming Insurance Modeling Practices
New accounting standards like IFRS 17, coupled with advanced technologies such as AI, are reshaping insurance modeling, offering operational savings and strategic insights.
January 3
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Understanding MGA Insurance: Roles, Benefits, and Industry Impact
Managing general agents (MGAs) streamline insurance operations, providing specialized expertise, niche market access, and innovative solutions to carriers, agents, and policyholders.
January 3
Insurance Industry
Risk Management
Technology
Underwriting
Why Digital Transformations Are Struggling to Deliver Results
Life insurers face persistent challenges in digital transformation, including data accessibility, prioritizing business needs, gaining employee buy-in, and selecting the right partners.
January 3
Insurance Industry
Life & Health
Risk Management
Technology
Recent Claims News
Auto
Legislation & Regulation
Litigation
Catastrophe
Legislation & Regulation
Property
Recent Provider Listings
Serving Minnesota, Wisconsin & Michigan
Michigan
Minnesota
Missouri
Adjusters