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Insurance Industry’s Resilience Attracts Young Professionals Despite Layoffs

Insurance Industry’s Resilience Attracts Young Professionals Despite Layoffs

Despite recent layoffs, the insurance and risk management industry continues to attract young professionals, driven by the promise of multifaceted careers and evolving market dynamics.
December 26, 2023 Education & Training Insurance Industry Risk Management Underwriting

Insurtech Evolution Merges Tech with Traditional Insurance

Insurtech Evolution Merges Tech with Traditional Insurance

Exploring how insurtech combines with traditional insurance to enhance customer experience and open new market opportunities
December 22, 2023 Insurance Industry Risk Management Technology Underwriting

Insurance Rate Secrecy Protected by Court in Key Legal Decision

Insurance Rate Secrecy Protected by Court in Key Legal Decision

Examining the court's decision to seal crucial insurance rate information, weighing transparency against the need for competitive confidentiality.
December 21, 2023 Insurance Industry Legislation & Regulation Litigation Risk Management Washington

Data Modernization as a Strategic Imperative in Today’s Insurance Industry

Data Modernization as a Strategic Imperative in Today’s Insurance Industry

Exploring the essential role of data and analytics in the insurance sector, emphasizing strategic alignment and the push for innovation.
December 21, 2023 Insurance Industry Risk Management Technology

Surge in Tax and Litigation Business Insurance as Companies Seek Greater Financial Security

Surge in Tax and Litigation Business Insurance as Companies Seek Greater Financial Security

Businesses are increasingly turning to tax and litigation insurance for added financial protection amid evolving market risks.
December 20, 2023 Insurance Industry Litigation Risk Management Underwriting

Dubai Aerospace Enterprise Secures $118 Million Settlement, Continues Litigation Against Insurers

Dubai Aerospace Enterprise Secures $118 Million Settlement, Continues Litigation Against Insurers

Dubai Aerospace Enterprise receives a substantial insurance settlement from Aeroflot's insurer, while continuing its legal battle with other insurers.
December 20, 2023 Insurance Industry Litigation Property Risk Management

Insurance Industry at a Crossroads with Technology Transformation and Customer Focus

Insurance Industry at a Crossroads with Technology Transformation and Customer Focus

Examining the pitfalls of past insurance transformations and the urgent need for a customer-focused, technologically adept future in the industry.
December 20, 2023 Insurance Industry Risk Management Technology Underwriting

Non-Standard Insurance Market Poised for Dynamic Growth by 2030, Prestige Underwriting Reports

Non-Standard Insurance Market Poised for Dynamic Growth by 2030, Prestige Underwriting Reports

Prestige Underwriting's report, in collaboration with Aon's Finaccord, forecasts significant growth in the non-standard insurance market by 2030, driven by unique property types and evolving motor vehicle trends.
December 19, 2023 Auto Insurance Industry Property Risk Management

2023: A Year of Record-Breaking Rapid Hurricane Intensification in Multiple Basins

2023: A Year of Record-Breaking Rapid Hurricane Intensification in Multiple Basins

In 2023, hurricanes Lee, Jova, and Otis set records for rapid intensification, reflecting an active global tropical season with significant impacts on insurance and risk management.
December 19, 2023 Catastrophe Insurance Industry Property Risk Management

Lemonade’s Insurtech Journey: A Critical Analysis of the Sector’s Future

Lemonade’s Insurtech Journey: A Critical Analysis of the Sector’s Future

Exploring Lemonade's insurtech strategies and State Farm's smart home vision to understand future trends in insurance technology and customer experience.
December 19, 2023 Education & Training Insurance Industry Property Technology

The Future of Insurtech: Top 5 Trends Revolutionizing Insurance in 2024

The Future of Insurtech: Top 5 Trends Revolutionizing Insurance in 2024

Exploring five groundbreaking insurtech trends set to redefine the insurance landscape in 2024, from AI-driven insights to embedded insurance.
December 15, 2023 Auto Insurance Industry Risk Management Technology

U.S. Wildfire Frequency and Severity at 20-Year Low Despite Global Rise, Says Triple I Report

U.S. Wildfire Frequency and Severity at 20-Year Low Despite Global Rise, Says Triple I Report

The Insurance Information Institute reports a surprising decline in U.S. wildfire frequency and severity, contrasting with global trends, as mitigation efforts show positive results.
December 14, 2023 Catastrophe Insurance Industry Legislation & Regulation Risk Management California Texas

Florida Adjusters Allege Insurance Companies Altered Damage Estimates, Demand Investigation

Florida Adjusters Allege Insurance Companies Altered Damage Estimates, Demand Investigation

Independent claims adjusters in Florida allege several insurance companies have misleadingly altered wind damage estimates, sparking calls for an investigation into potential fraud.
December 14, 2023 Fraud Insurance Industry Legislation & Regulation Property Florida

Court Orders Insurer to Pay $27M for Failing to Defend in Construction Defect Case

Court Orders Insurer to Pay $27M for Failing to Defend in Construction Defect Case

South Carolina Court penalizes Penn National with a $27 million payment for its failure to defend a policyholder in a construction defect lawsuit, despite coverage limitations.
December 14, 2023 Insurance Industry Legislation & Regulation Liability Litigation South Carolina

Former Georgia Agent Charged with Insurance Fraud and Forgery

Former Georgia Agent Charged with Insurance Fraud and Forgery

A former insurance agent in Georgia faces charges for allegedly diverting a $3,500 premium payment to his personal account, sparking an investigation by the state's insurance commissioner.
December 13, 2023 Fraud Insurance Industry Legislation & Regulation Liability Georgia
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