Higher interest rates and improved underwriting have helped the US property and casualty insurance industry recover in 2024, with continued growth and profitability expected in 2025.

South Carolina’s liquor liability insurance market has been unprofitable since 2017, with insurers losing $1.77 for every $1.00 earned. Claim frequency far exceeds neighboring states, intensifying concerns.

Quantum computing’s rapid advancements may challenge traditional encryption, creating new cybersecurity risks. Experts emphasize the need for proactive defenses and cyber insurance strategies.

The final installment of the 2024 Global InsurTech Report explores how artificial intelligence is transforming the insurance claims process, from first notice of loss to settlement, while tracking investment trends in the InsurTech sector.

As fast-food employees prepare meals, they also face an increasing risk of customer aggression. Recent violent incidents highlight the dangers of frontline service jobs.

A proposed bill seeks to abolish OSHA, shifting workplace safety to individual states. The move could increase injuries, raise workers’ compensation costs, and create legal and financial challenges for employers and insurers.

AI, blockchain, and biometric verification are transforming fraud detection in insurance. These technologies enhance security, streamline claims processing, and prevent financial losses.

Artificial intelligence is revolutionizing life insurance by enhancing efficiency, improving customer experiences, and reshaping risk management, while also introducing new challenges.

Hailstorms can cause severe property damage, but proactive steps like impact-resistant roofing, storm shutters, and tree maintenance can help reduce risk and protect your home.

Overlooking excluded risks in exposure management can lead to financial strain for insurers. A proactive approach helps mitigate costs from non-indemnifiable claims.

Loneliness is becoming a significant societal issue, and fraudsters are taking full advantage of it. Romance scams—where criminals exploit social isolation to build fraudulent online relationships—are already costing victims billions.

With climate disasters becoming more frequent and severe, insurers must shift from compensation to prevention, using technology and data to reduce risks before catastrophe strikes.

New studies suggest the world has already entered a 20-year period of sustained warming above 1.5C, raising urgent concerns about escalating climate risks and the need for rapid emissions cuts.

Amazon agreed to pay nearly $4 million to settle a lawsuit from Washington, D.C.’s attorney general, who alleged the company misled consumers and misused driver tips between 2016 and 2019.

Pennsylvania State Police are investigating the theft of approximately 100,000 organic eggs, valued at $40,000, from a distribution trailer at Pete and Gerry’s Organics in Greencastle.