After years of litigation, a Massachusetts court ruled against AMAG Pharmaceuticals, rejecting its claim for insurance coverage related to a 2017 manufacturing issue at Pfizer’s Kansas facility that led to significant business losses.

The growing use of AI, while beneficial, increases the risk of cyber event aggregation through expanded attack surfaces, data exposure, and software supply chain vulnerabilities, according to Guy Carpenter.

Leaders must adapt to the growing presence of Gen Z in the workforce by recognizing their unique values, such as work-life balance, career growth, and diversity, to attract and retain top talent.

Cyber insurance claims in the UK have dropped significantly between 2022 and 2024, as more businesses focus on their own recovery strategies, avoiding ransomware payments and boosting resilience.

A Toronto resident has been arrested and faces more than 100 charges in connection with an extensive auto fraud and reVINing scheme. Police warn potential buyers to check vehicle history reports carefully.

The insurance-linked securities (ILS) market is experiencing moderate capacity growth, driven by record-setting catastrophe bond issuance and market demand, according to AM Best’s latest report.

The insurance industry is gearing up for significant employment growth in 2024, with over half of companies planning to expand their workforce despite ongoing recruitment challenges.

As the insurance industry evolves, the debate intensifies: will established traditional insurers maintain dominance, or will innovative, digital-first companies lead the future by meeting evolving customer expectations?

In Q2 2024, U.S. and Canadian collision claims for electric vehicles saw significant increases, despite a downturn in EV sales. Hybrid vehicles also experienced rising claims frequency, highlighting shifting market dynamics.

Late-reported property claims pose unique challenges for insurers and adjusters, particularly when determining the cause and policy period of a loss. Thorough investigations and documentation are crucial to mitigate risks of litigation and bad faith claims.

Disney is attempting to dismiss a wrongful death lawsuit related to a fatal allergic reaction at one of its restaurants, arguing that the plaintiff is bound by an arbitration clause from a Disney+ trial he signed up for years earlier.

Integrating AI into workers’ compensation claims can free adjusters from routine tasks, allowing them to focus on empathy, creative problem-solving, and personalized support, ultimately benefiting both adjusters and injured workers.

By the end of July 2024, the United States witnessed 19 weather and climate disasters exceeding $1 billion each, making it the second-highest year-to-date count, with extreme heat, wildfires, and Hurricane Beryl playing significant roles.

Despite its potential to revolutionize life insurance, genetic risk testing faces misconceptions that hinder adoption among both policyholders and insurers. Understanding these myths and recognizing the benefits is key to advancing personalized healthcare.

The aviation sector sees positive growth and record passenger numbers, yet faces ongoing challenges including rising repair costs and a shortage of skilled mechanics, as revealed in Allianz Commercial’s latest report.