
Niches: The Future of the Insurance Market?
Skyward Specialty’s CEO Andrew Robinson shares insights on the power of focusing on niche markets in insurance.
July 19, 2024
Insurance Industry
Risk Management
Technology
Underwriting
California

Disney’s 1.1 TB Slack Data Breach Exposed by Hackers
Hackers claim to have stolen and leaked over a terabyte of Disney’s internal Slack messages and files.
July 19, 2024
Fraud
Insurance Industry
Litigation
Technology

Rite Aid Data Breach Impacts 2.2 Million Customers
Rite Aid, the third-largest US drug store chain, revealed that a data breach exposed sensitive information of over 2.2 million customers, including names, addresses, birth dates, and driver’s license numbers.
July 16, 2024
Insurance Industry
Litigation
Risk Management
Technology
Maine
Massachusetts
Oregon
Vermont

Investment in GenAI Pressures Other IT Projects
Generative AI investments are surging, squeezing other IT projects as companies aim for higher ROI and digital transformation.
July 16, 2024
Insurance Industry
Risk Management
Technology

Rising Replacement Costs Demand Strategic Adjustments from Insurers
As inflation and global conflicts escalate replacement costs, brokers and underwriters must effectively communicate economic trends and risk factors to clients to ensure adequate coverage and transparent pricing.
July 16, 2024
Insurance Industry
Property
Risk Management
Maryland

Moody’s RMS Estimates $2.5-$4.5 Billion in U.S. Insured Losses from Hurricane Beryl
Moody’s RMS estimates U.S. insured losses from Hurricane Beryl between $2.5 and $4.5 billion, with NFIP losses under $300 million and non-U.S. losses not exceeding $1.5 billion.
July 16, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Texas

Understanding 2024 Insurance Industry Priorities: AI, Climate Change, and Inflation Lead the Way
The 2024 Global Priorities Report from the IIS highlights key concerns for insurance executives, including artificial intelligence, climate change, inflation, and cybersecurity, along with strategies for operational efficiency and growth opportunities.
July 16, 2024
Insurance Industry
Risk Management
Technology

Understanding Hurricane Categories: Why Even "Weaker" Storms Can Be Dangerous
While often dismissed, Category 1 hurricanes and tropical storms can cause significant damage and fatalities, emphasizing the need for a comprehensive understanding of storm impacts beyond mere wind strength.
July 15, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Florida
Louisiana
New York
Texas

Oregon Man Arrested for Threatening Insurance Adjusters with Spear
Police arrested a suspect after he threatened insurance adjusters with an improvised spear at a Bend fitness center, leading to temporary street closure.
July 15, 2024
Insurance Industry
Liability
Litigation
Property
Oregon

Hurricane Beryl Estimated to Cause $3.3 Billion in Insured Losses Across the Americas
Hurricane Beryl is estimated to have caused $3.3 billion in insured losses, with $2.7 billion in the U.S., $510 million in the Caribbean, and $90 million in Mexico.
July 11, 2024
Catastrophe
Insurance Industry
Property
Technology
Texas

Atlantic Hurricane Season Outlook Predicts More Storms
Colorado State University has revised its forecast for the 2024 Atlantic hurricane season, predicting an even busier season with 25 named storms and 12 hurricanes.
July 9, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management

Insurers Gained $50 Billion From Medicare for Untreated Diseases
Medicare Advantage insurers received $50 billion from questionable diagnoses, including diseases like diabetic cataracts and HIV, for conditions that were not treated or didn’t exist.
July 8, 2024
Fraud
Insurance Industry
Legislation & Regulation
Technology
Alabama
Arizona
Florida
Georgia
Massachusetts

Court Rules Tenant Can’t Claim Total Loss for Pre-Fire Improvements
A Minnesota court ruled that a cellphone repair business is not entitled to total-loss coverage for $445,000 in tenant improvements made before a fire destroyed their leased space in a commercial building.
July 8, 2024
Insurance Industry
Litigation
Property
Risk Management
Minnesota

Marion County Record Reporter Settles Lawsuit Over Politically Charged Police Raid
A former Marion County Record reporter has settled a federal lawsuit for $235,000 against the head of a Kansas police department following a politically motivated raid on the newspaper’s offices.
July 8, 2024
Insurance Industry
Legislation & Regulation
Litigation
Kansas

Man Arrested for Roofing Scam Causing Nearly $20k in Damage
A Pennsylvania solicitor was arrested for an insurance fraud scheme that caused nearly $20k in roof damage to a homeowner’s property in 2023.
July 8, 2024
Fraud
Insurance Industry
Litigation
Property
Pennsylvania



