Claims administrator Crawford & Co. on Monday said it has launched smart water-sensor technology to help reduce water damage claims.

The largest reinsurance company in the world has cautioned that most people won’t afford coverage soon. For several years, insurance companies have been warning that the impact of climate change will be an expensive one.

There seems to be no shortage of hazing and abuse incidents in the news lately. Earlier this month, a Miami University student was allegedly hit “with a paddle with spikes and grooves,” forced to drink large amounts of alcohol and smoke marijuana in a hazing incident.

The use of technology in the workers’ compensation space is bringing significant, and positive, changes to this insurance market.

Employees need training when it comes to recognizing potential cyber threats. They should be on notice that, no matter their position within an organization, they too are responsible for doing their part in maintaining security standards and following proper reporting protocols.

A health insurance company has agreed to settle a lawsuit after it allegedly failed to accommodate a deaf job applicant.

Nearly half of US residents have never made a home inventory list in case of a natural disaster, according to new data from Farmers Insurance.

Nearly six in ten consumers are open to sharing location data and lifestyle information in exchange for decreased pricing in financial products and services.

Following a contractor’s remodeling of a house, the home owner sued the contractor and its commercial general liability (CGL) insurer, Wisconsin Mutual Insurance, as well as its own homeowners insurer, Hastings Mutual Insurance. The home owner claimed the house was rendered uninhabitable by the contractor’s negligent work on a bathroom that resulted in leaking water, which caused mold to grow and then release the chemical trichothecene into the residence.

Christie’s recently held the first-ever auction of artwork created by artificial intelligence (AI). The AI-generated piece, which involved some minimal human intervention by Paris-based art collective Obvious, shocked the art world by selling for $432,500, more than 40 times the official estimates.

Last October, the United Nations’ Intergovernmental Panel on Climate Change (IPCC) reported in its Summary for Policymakers that the world is failing to keep the global temperature increase below the recommended 1.5°C from pre-industrial levels, and temperatures are instead climbing toward a 3°C rise.

Artificial intelligence will become a “big time saver” for claims adjusters and will eventually allow the industry to save billions a year in costs, one researcher says.

QBE is taking a stand. It is loudly and proudly talking about the dangers of climate change and what needs to be done to stop it—including putting its own money on the line.

We are at a turning point today as technology advances at a speed that is changing the face of risk. What is the future of risk and how can risk managers and the insurance industry adjust and prepare?

Recently, I read a blurb that featured an “experiment” by SafeButler, an online premium comparison web site. The purpose of the experiment was to see how fast someone could get a renter’s insurance policy. They tested 10 online sources for coverage on a “luxury apartment.”