The increasing pace of cyber-related events and crimes has led state regulators to survey the growing risks and take action. In New York, the Department of Financial Services (NYDFS) enacted cybersecurity rules effective March 1, 2017.

As car damage from 2017 storms in Florida and Texas threatens to set records, does it matter if your insurance company has to please stockholders and not just policyholders?

We live in a time of rapid technological change, and industries of all kinds are being disrupted across the globe. The exponential growth of new technologies has enormous potential to transform the way we do business and it’s having a major impact on the insurance industry.

Chat windows, faster policy statements, intuitive agent portals and robotic technologies are among the new generation of weapons insurers intend to use to compete with “born-digital” companies.

The plaintiff’s bar is relentless, and its growing crop of young lawyers continues to bring down large verdicts. It’s imperative that claims organizations develop and retain top talent to match the very capable lawyers on the other side.

Uber Technologies Inc. was sued for negligence hours after it disclosed that customers and drivers’ personal data was hacked over a year ago.

The California insurance commissioner says that people who lost their homes in last month’s Northern California wildfires have up to 24 months to collect insurance payments.

The promise of artificial intelligence in the insurance industry is threefold: To help insurers get deeper insights into their business and make better decisions. To automate insurer processes and decision-making for increased efficiency and reduced cost.

Technological automation is going to significantly change the composition of Canada’s property and casualty insurance industry, reducing the workforce by up to 30% to 40% between the next five to 10 years, predicts RSA Canada president and CEO Martin Thompson.

Incumbent insurance and reinsurance firms could be relegated if tech-savvy, customer focused players like Amazon or Google decide to enter the sector in a meaningful way, and it looks like at least one of these giants is preparing its first foray.

The Second Circuit’s Court of Appeals’ rulings Wednesday on two cases brought by a Syracuse, N.Y., collision repairer will have a significant impact on New York repairers but touch the rest of the nation as well, an auto body repair-focused attorney predicted Monday.

No longer just a warning for the future, the long-predicted war for talent is here, and it has hit the insurance industry with incredible force. Unfortunately, the market’s return to its pre-recession state and relative stability has left insurers unprepared to face what is undoubtedly the most competitive recruiting environment the industry has ever faced.

Insurtech startup Betterview, a service provider for capturing and analyzing data from drones, has announced a commercial drone inspection package for insurers.

Embedded video technology leader Vidyo, in collaboration with Efma, an association of 3,300 retail financial services companies in more than 130 countries, today released its 2017 research study documenting the insurance industry’s transformative turn to video-enabled services.

The mass media only reports the tip of the iceberg when it comes to cyberattacks. The real cost of a cyber claim remains drastically underreported, according to Scott Pidduck, senior underwriter at QBE Insurance Group.