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Triple-I Partnership Cultivates Diversity and Early Career Advancement in Insurance

Triple-I Partnership Cultivates Diversity and Early Career Advancement in Insurance

To amplify the Insurance Information Institute’s (Triple-I) commitment to Diversity, Equity, and Inclusion (DEI) in the workplace, Triple-I partnered with HBCU IMPACT.
October 31, 2023 Education & Training Insurance Industry Risk Management

Evolving Vehicle Valuation: A Shift Towards Dynamic Insurance Pricing Amid Changing Auto Retail Trends

Evolving Vehicle Valuation: A Shift Towards Dynamic Insurance Pricing Amid Changing Auto Retail Trends

Changes in buyers’ behavior mean an insurer using MSRP to set an insurance value is underpricing the vehicle from the start.
October 31, 2023 Auto Insurance Industry Risk Management Technology

Unveiling Modern Trial Tactics in Transportation Cases through Expert Roundtable

Unveiling Modern Trial Tactics in Transportation Cases through Expert Roundtable

CLM’s Transportation Community experts discuss virtual mediations and assessing the strength of the plaintiff’s attorney.
October 31, 2023 Auto Education & Training Insurance Industry Liability Litigation Illinois Massachusetts Pennsylvania

Halloween Drunk Driving: A Frightening Reality of Impaired Drivers Amid Celebrations

Halloween Drunk Driving: A Frightening Reality of Impaired Drivers Amid Celebrations

The only thing scarier than zombies and witches loose on the streets on Halloween is an impaired driver, according to the U.S. Department of Transportation’s National Highway Traffic Safety Administration.
October 30, 2023 Auto Legislation & Regulation Liability Risk Management

Hurricane Otis Racks Up Billions in Insured Losses, Marks Historic Financial Drain for Mexico’s Insurance Sector

Hurricane Otis Racks Up Billions in Insured Losses, Marks Historic Financial Drain for Mexico’s Insurance Sector

Reinsurance broker Gallagher Re has said that hurricane Otis will be one of the costliest natural catastrophe events in Mexico’s history, with a multi-billion-dollar insurance market loss anticipated.
October 30, 2023 Catastrophe Insurance Industry Property Risk Management

Matthew Perry’s Hot Tub Incident Highlights Insurance Risk Concerns

Matthew Perry’s Hot Tub Incident Highlights Insurance Risk Concerns

When it comes to washing away stress and soothing achy joints, it’s hard to beat the warm water and gurgling jets, but the actor’s untimely death serves as a painful reminder of the risks inherent to owning a hot tub.
October 30, 2023 Insurance Industry Liability Risk Management

Amazon Taps Robotics to Tackle Repetitive Motion Injuries

Amazon Taps Robotics to Tackle Repetitive Motion Injuries

New robot technology could help protect Amazon warehouse workers from repetitive motion injuries, robotics company Agility Robotics said this week.
October 27, 2023 Risk Management Technology Workers' Compensation

State Farm Sees a Significant Dip in Catalytic Converter Theft Claims in H1 2023

State Farm Sees a Significant Dip in Catalytic Converter Theft Claims in H1 2023

According to the company’s latest data, there were approximately 14,500 claims related to catalytic converter thefts during this period, marking a significant drop from the 23,570 claims made in the same period last year.
October 27, 2023 Auto Insurance Industry Legislation & Regulation Risk Management

Risk Managers Beware: Generative AI Spells Serious Concerns for Security

Risk Managers Beware: Generative AI Spells Serious Concerns for Security

A recent study by cybersecurity consultancy Gemserv warns that the ever-evolving world of artificial intelligence poses new challenges for companies.
October 26, 2023 Risk Management Technology

Commercial Auto Telematics Hitting a ’Tipping Point’

Commercial Auto Telematics Hitting a ’Tipping Point’

Telematics is revolutionizing the management of commercial fleets, driving enhanced safety, efficiency, and regulatory compliance among North American firms.
October 25, 2023 Auto Risk Management Technology

Predict & Prevent: From Data to Practical Insight

Predict & Prevent: From Data to Practical Insight

The insurance industry’s shift from assessing and pricing risks to predicting and preventing losses – thereby improving insurance availability and affordability – is well underway.
October 25, 2023 Insurance Industry Risk Management Technology

Industry Gap: Deploying Tools for Climate Risk Management

Industry Gap: Deploying Tools for Climate Risk Management

Reinsurance News recently spoke to Joss Matthewman, Senior Director, Product Management & Strategy, RMS, about what he believes the re/insurance industry needs to do to try and combat the effects of climate change.
October 24, 2023 Catastrophe Insurance Industry Risk Management Technology

Florida Case Study Shows Benefits of Hurricane Adaptation Efforts

Florida Case Study Shows Benefits of Hurricane Adaptation Efforts

A recent case study by Moody’s reveals that in locations like South Florida, meeting or surpassing evolving building codes can slash home damage costs almost tenfold.
October 24, 2023 Catastrophe Insurance Industry Legislation & Regulation Property Risk Management Florida

Space Insurers Brace For Claims After Propulsion Trouble on Four GEO Satellites

Space Insurers Brace For Claims After Propulsion Trouble on Four GEO Satellites

Propulsion problems on four satellites using the same kind of power modules are expected to result in at least $50 million in claims for insurers already facing more than $800 million in losses this year.
October 13, 2023 Insurance Industry Risk Management Technology

The Midwest: Potential Hotspot for Deadly ‘Moist Heat Stress’

The Midwest: Potential Hotspot for Deadly ‘Moist Heat Stress’

Large parts of the world, including China and the Midwest US, are on track to become too hot for humans to handle as accelerating global temperatures expose billions to heat and humidity so extreme their bodies will no longer be able to cope, according to a new study.
October 12, 2023 Catastrophe Education & Training Risk Management Illinois Indiana Iowa Kansas Missouri
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