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Berkshire Hathaway’s Insurance Sector Shines Amidst Overall Performance Caution

Berkshire Hathaway’s Insurance Sector Shines Amidst Overall Performance Caution

Warren Buffett’s latest annual report for Berkshire Hathaway may have tempered expectations for the conglomerate’s future "eye-popping performance," but the insurance sector, led by GEICO’s remarkable turnaround, provided a glimmer of profitability and growth amidst the caution.
February 26, 2024 Insurance Industry Property Risk Management Technology

UnitedHealth Group’s Subsidiary Hit by Suspected Nation-State Cyberattack

UnitedHealth Group’s Subsidiary Hit by Suspected Nation-State Cyberattack

The healthcare industry faces a significant cybersecurity challenge as UnitedHealth Group’s subsidiary, Change Healthcare, falls victim to a cyberattack suspected to be orchestrated by government-backed hackers.
February 26, 2024 Insurance Industry Life & Health Technology Michigan

Celebrating the 2024 Power Brokers: A Deep Dive into the Prestigious Insurance Award

Celebrating the 2024 Power Brokers: A Deep Dive into the Prestigious Insurance Award

In its 18th year, the Power Broker contest highlights the industry’s top talent, showcasing winners selected for their innovative risk solutions and service.
February 26, 2024 Insurance Industry Property Risk Management Workers' Compensation

Revolutionizing Risk Management in the Age of Generative AI

Revolutionizing Risk Management in the Age of Generative AI

As generative AI transforms industries, Munich Re leads with innovative insurance solutions to navigate emerging risks and opportunities.
February 22, 2024 Insurance Industry Legislation & Regulation Risk Management Technology

Court Challenges Pennsylvania’s Drug Cost Calculation in Workers’ Compensation Cases

Court Challenges Pennsylvania’s Drug Cost Calculation in Workers’ Compensation Cases

A Pennsylvania court ruling against the use of Red Book values for drug pricing in workers’ compensation highlights the need for a fair and accurate cost determination method.
February 22, 2024 Insurance Industry Legislation & Regulation Workers' Compensation Pennsylvania

U.S. Commercial Auto Insurers Face New Challenges Post-Pandemic

U.S. Commercial Auto Insurers Face New Challenges Post-Pandemic

After a brief pandemic respite, U.S. commercial auto insurers grapple with profitability due to digital transformation lags and economic pressures.
February 21, 2024 Auto Insurance Industry Technology

Louisiana Sets Precedent with Mandatory Smoking Cessation Coverage

Louisiana Sets Precedent with Mandatory Smoking Cessation Coverage

A landmark Louisiana law mandates health insurance to cover six months of smoking cessation treatments, marking a significant public health advancement.
February 20, 2024 Insurance Industry Legislation & Regulation Life & Health Risk Management Louisiana Virginia

Navigating the Complex Landscape of Social Media Account Ownership in Online Marketing

Navigating the Complex Landscape of Social Media Account Ownership in Online Marketing

The Second Circuit’s ruling on JLM Couture v. Gutman offers a legal framework for determining social media account ownership, emphasizing original ownership and valid transfers.
February 20, 2024 Insurance Industry Litigation Risk Management Technology New York

Tragedy Strikes Marvel’s "Wonder Man" Set Highlighting the Cost of Safety Overlooked

Tragedy Strikes Marvel’s "Wonder Man" Set Highlighting the Cost of Safety Overlooked

In the wake of a heartrending incident on the "Wonder Man" production, the entertainment community faces a critical moment of reflection.
February 19, 2024 Insurance Industry Legislation & Regulation Risk Management Workers' Compensation California

Swiss Re CEO Highlights Climate Crisis as Major Factor in Rising Insurance Costs

Swiss Re CEO Highlights Climate Crisis as Major Factor in Rising Insurance Costs

The CEO of Swiss Re underscores the need for fair risk valuation amid rising insurance costs, pointing to climate change as a significant driver of recent price adjustments.
February 19, 2024 Catastrophe Insurance Industry Risk Management California Colorado Florida Idaho New Jersey

Organizations Struggle with Strategic AI Implementation, Says Gallagher’s State of the Sector Report

Organizations Struggle with Strategic AI Implementation, Says Gallagher’s State of the Sector Report

A significant gap in internal AI usage guidelines exists, despite potential benefits for efficiency and communication quality.
February 16, 2024 Education & Training Insurance Industry Risk Management Technology

The Crucial Role of Data Quality in Leveraging AI for Business Growth

The Crucial Role of Data Quality in Leveraging AI for Business Growth

High-quality data sets are essential for businesses aiming to leverage AI effectively, ensuring accurate predictions and strategic growth.
February 16, 2024 Insurance Industry Risk Management Technology

Prudential Financial Proactively Discloses Cybersecurity Breach Amid New SEC Reporting Mandate

Prudential Financial Proactively Discloses Cybersecurity Breach Amid New SEC Reporting Mandate

Prudential Financial takes a proactive stance in disclosing a recent cyber breach, potentially setting a new trend for early incident reporting.
February 15, 2024 Insurance Industry Legislation & Regulation Technology

Museums Face Rising Cybersecurity Threats Amid Increased Digital Presence

Museums Face Rising Cybersecurity Threats Amid Increased Digital Presence

With technology integration, museums encounter heightened cyber threats, emphasizing the need for robust security measures and cyber insurance.
February 14, 2024 Insurance Industry Risk Management Technology

Rhode Island Sets New Professional Courtesy Standards for Insurance Adjusters

Rhode Island Sets New Professional Courtesy Standards for Insurance Adjusters

The Rhode Island Department of Business Regulation issues guidelines to enhance professionalism in claims handling by insurance adjusters and companies.
February 13, 2024 Insurance Industry Legislation & Regulation Rhode Island
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