California Faces Torrential Rains, Tornado Warnings, and Fires Amid Severe Weather Events
Northern California grapples with flooding and tornadoes, while Southern California battles wildfires and heat in an unprecedented stretch of extreme weather linked to La Niña and climate change.
December 26, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
Insurance Industry Prioritizes Human-Centered AI for Ethical Innovation
At Triple-I’s 2024 Joint Industry Forum, experts highlighted AI’s transformative potential while stressing ethical implementation, collaboration, and regulatory preparedness.
December 19, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Robin Roberson on How Agentic AI Is Reshaping Insurance Claims
Insurance Thought Leadership interviews Robin Roberson about how Agentic AI is transforming claims processes, automating manual tasks, and improving communication across the insurance ecosystem.
December 19, 2024
Insurance Industry
Risk Management
Technology
Oklahoma
Key Trends and Insights Shaping the Insurance Industry in 2024
In 2024, the insurance industry experienced strong growth, leveraged AI for innovation, addressed talent gaps, and adapted to shifting risk landscapes and customer needs.
December 19, 2024
Insurance Industry
Life & Health
Risk Management
Technology
NC Supreme Court Rules COVID Shutdowns Caused Physical Loss for Restaurants
The North Carolina Supreme Court diverged from most courts, finding that COVID-19 shutdowns constituted direct physical loss for restaurants under certain insurance policies.
December 18, 2024
Insurance Industry
Legislation & Regulation
Litigation
Property
New Hampshire
North Carolina
Workers’ Comp Mega Claims Top $1 Billion Annually Amid Rising Costs and Frequency
Mega workers’ compensation claims, exceeding $2 million each, are climbing in frequency and cost, accounting for over $1 billion annually despite representing less than 0.1% of all claims.
December 18, 2024
Insurance Industry
Risk Management
Technology
Workers' Compensation
The Rise of Agentic AI: Transforming Tasks and Decision-Making
Agentic AI moves beyond generative capabilities to execute tasks autonomously, reshaping industries like insurance, healthcare, and finance, with humans collaborating as managers of AI workflows.
December 18, 2024
Education & Training
Insurance Industry
Risk Management
Technology
District Of Columbia
Iowa Roofing Company Barred from Acting as Unlicensed Public Adjuster
Darren Reeves Roofing is ordered to cease unlicensed public adjuster services, including negotiating insurance claims or offering advice on insurance contracts, following a consent order in Iowa.
December 16, 2024
Fraud
Insurance Industry
Legislation & Regulation
Litigation
Iowa
Businesses Face Growing Pressure to Address Climate Risks
As climate risks increase due to more frequent and severe weather events, businesses must adopt resilient strategies to protect operations, assets, and supply chains.
December 16, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
New York Explores Forcing Property Insurers to Cover Taxi Insurance Shortfalls
New York is considering a levy on property insurers to address a taxi insurer’s insolvency, sparking debate among state officials, drivers, and the insurance industry.
December 13, 2024
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
New York
Senator Pushes FCC Cybersecurity Rules After Major Telecom Hack
In the wake of the Salt Typhoon hack, Senator Ron Wyden introduces the Secure American Communications Act to strengthen telecom cybersecurity regulations and protect U.S. networks.
December 12, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Global Insurance Fraud Detection Market to Hit $31.8 Billion by 2032
Fueled by AI, ML, and big data analytics, the global insurance fraud detection market is projected to grow at a CAGR of 25%, with strong demand from Europe, North America, and APAC.
December 12, 2024
Fraud
Insurance Industry
Risk Management
Technology
Driving Innovation in Insurance Claims Technology for 2025
The insurance industry is turning to advanced technologies like AI and specialized consultants to optimize claims processes, enhance efficiency, and maintain a competitive edge.
December 12, 2024
Insurance Industry
Risk Management
Technology
Krispy Kreme Faces Cyberattack, Disrupts Online Doughnut Orders
Krispy Kreme is dealing with the aftermath of a cyberattack affecting online ordering at some U.S. locations, potentially impacting revenue and operations as the company works to recover.
December 11, 2024
Insurance Industry
Liability
Risk Management
Technology
Florida Unveils Elevation Program to Mitigate Flood Risks for Homes
Florida introduces the Elevate Florida program, offering grants and SBA loans to elevate flood-prone homes, aiming to reduce claims, lower insurance rates, and improve disaster resilience.
December 11, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
