Digital solutions can significantly enhance the claims experience, but there remains a gap between customer preferences and current industry practices.

At Carrier Management's annual InsurTech Summit, Frank Giaoui of Optimalex Solutions and Shane Riedman of Verisk explored how artificial intelligence (AI) is revolutionizing property/casualty insurance claim processing.

The Delaware Superior Court's recent decision to allow 75,000 Zantac lawsuits to proceed raises questions about whether the state will become a new hub for mass tort litigation.

Percentage deductibles might offer a lifeline to the strained property casualty market by sharing more risk with policyholders and potentially revitalizing insurer confidence.

Bradley Pierre has been sentenced to 10 years in prison for orchestrating a $60 million fraud targeting No-Fault automobile insurance companies, marking one of the largest such frauds in New York history.

Fraud detection, historically reliant on human analysts, is being revolutionized by big data and advanced analytics, enabling automated and enhanced detection methods.

A Detroit Man was sentenced to 63 months in prison and ordered to pay $512,000 in restitution for committing unemployment fraud during the COVID-19 pandemic.

Data breaches at Ticketmaster and Santander have been connected to attacks on cloud provider Snowflake, potentially indicating more widespread vulnerabilities that could impact other companies.

Snowflake's data breach impacts Ticketmaster and numerous organizations, with hackers demanding $500,000 for stolen data.

Higher temperatures lead to more work-related injuries, especially in the South and among construction workers.

Facing economic and climatic challenges, commercial property owners can take these steps to mitigate risk and appeal to insurers.

A West Virginia appellate court ruled that a worker injured while assisting an accident victim during a work-related trip is entitled to workers' compensation benefits, overturning previous decisions.

Authorities in Miami-Dade County charge six individuals with orchestrating a staged crash insurance fraud scheme following an undercover operation in the Miami area.

Insurance adjusters on Reddit are engaging in a detailed discussion about handling situations where policyholders file new claims for damage to their property that was previously claimed but not repaired.

A recent Bloomberg Intelligence report warns insurers of potential severe space storms, capable of disrupting communications and power grids, posing greater risks than catastrophic hurricanes.