
Florida House To Vote On Auto Glass Repair Bill With ‘Steering’ Amendment
Championed by industry groups and CFO Jimmy Patronis, a bill curbing auto glass repair lawsuits sped through its last committee stop in the House and now awaits a full chamber vote.
April 11, 2023
Auto
Insurance Industry
Legislation & Regulation
Litigation
Florida

Firm Files 25K Lawsuits Against Florida Insurers Within Six Days
Litigation is rarely warm and fuzzy, but what's unfolding in Florida between plaintiffs firm Morgan & Morgan and the insurance industry puts hardball tactics in a new light.
April 11, 2023
Insurance Industry
Legislation & Regulation
Liability
Litigation
Technology
Florida

Can Blockchain Transform Insurance?
According to recent market research, blockchain in insurance will expand from $64.5 million of revenue and cost savings in 2018 to $1.4 billion this year -- a compound annual growth rate of 85%!
April 11, 2023
Insurance Industry
Technology

"Risk Management Is Shifting" -- The Institutes CEO
A predict and prevent approach to risk management is becoming more significant as technological developments create added value for both brokers and their policyholders.
April 7, 2023
Insurance Industry
Risk Management
Technology

Zurich Latest To Drop Out Of Net-Zero Insurance Alliance
Zurich Insurance Group has become the latest Net-Zero Insurance Alliance (NZIA) member to quit the organization within days, hot on the heels of Munich Re.
April 6, 2023
Insurance Industry
Risk Management

Huge Insurer Impairments Revealed
Catastrophe losses were the driving force behind the 17 impairments of US property & casualty insurers in 2021, according to a new report by AM Best.
April 6, 2023
Insurance Industry
Legislation & Regulation

Insurance Sector Primed For Wider Use Of AI
Artificial intelligence, all the rage in popular culture, is not a new fad in the insurance market, where it quietly powers operations that make businesses run more efficiently, at lower costs and with fewer errors.
April 5, 2023
Insurance Industry
Technology

IMF Calls For Rules On Non-bank Financial Sector To Prevent Turmoil
The non-bank sector now accounts for half of the assets of the entire world financial system and should be more closely regulated to protect its stability, staff economists from the International Monetary Fund said on Tuesday.
April 5, 2023
Insurance Industry
Legislation & Regulation

Preparing For Storm Season
The storms of life exist to teach valuable lessons -- literally and figuratively. In the world of insurance, post-catastrophe analysis is crucial for making effective changes in a response plan to continue improving year over year.
April 4, 2023
Catastrophe
Insurance Industry

Is My Organization Actually Innovative?
The best place to look for innovation is in the quality of decisions being made. Here are three ways you should evaluate your performance.
March 22, 2023
Insurance Industry

Explainable AI Is The Holy Grail
While many promises of disruption from insurtechs have fallen flat, now is the time to lean into digital transformation. On the cusp of a potential economic downturn, organizations must continue to adopt advanced solutions that foster quantifiable ROI and impact.
March 21, 2023
Insurance Industry
Technology

New Frontier In UX, Risk Coverage
The metaverse is coming -- fast. In PwC's 2022 US Metaverse Survey, 82% of business executives (including 87% of insurance executives) said they expect metaverse plans to be part of their business activities within three years.
March 20, 2023
Insurance Industry
Technology

Pay Equity In The Insurance Industry: It Makes Good Business Cents
The gender pay gap is a sensitive topic we need to spotlight. We've seen it in every industry, from entertainment -- when Patricia Arquette called for wage equality in her 2015 Oscars acceptance speech -- to Wall Street, when CNBC reported in 2019 that Citibank admitted that its female employees earned 29% less than its male employees globally.
March 20, 2023
Insurance Industry

Ripple Effect: Silicon Valley Bank’s Insolvency
Financial institutions, including Insurers, are considering the potential impact of the Silicon Valley Bank's ('SVB's') insolvency. SVB and its parent holding company have provided funding and debt financing to InsurTech Insurers and other venture investment firms.
March 16, 2023
Insurance Industry

5 Key Challenges Where RPA Shines
Considering the pivotal role played by insurers, all data must be given accurately and all processes compliant. So, insurers must be able to count on the effectiveness and stability of their operations--and robotic process automation can help.
March 16, 2023
Insurance Industry
Technology



