Workers’ Comp Mega Claims Top $1 Billion Annually Amid Rising Costs and Frequency
Mega workers’ compensation claims, exceeding $2 million each, are climbing in frequency and cost, accounting for over $1 billion annually despite representing less than 0.1% of all claims.
December 18, 2024
Insurance Industry
Risk Management
Technology
Workers' Compensation
The Rise of Agentic AI: Transforming Tasks and Decision-Making
Agentic AI moves beyond generative capabilities to execute tasks autonomously, reshaping industries like insurance, healthcare, and finance, with humans collaborating as managers of AI workflows.
December 18, 2024
Education & Training
Insurance Industry
Risk Management
Technology
District Of Columbia
Businesses Face Growing Pressure to Address Climate Risks
As climate risks increase due to more frequent and severe weather events, businesses must adopt resilient strategies to protect operations, assets, and supply chains.
December 16, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Holiday Hazards That Lead to Common Injuries
The holiday season brings joy but also hazards, from falls and car accidents to food-related issues. Learn about the most common injuries and how to avoid them.
December 13, 2024
Auto
Liability
Life & Health
Risk Management
New York Explores Forcing Property Insurers to Cover Taxi Insurance Shortfalls
New York is considering a levy on property insurers to address a taxi insurer’s insolvency, sparking debate among state officials, drivers, and the insurance industry.
December 13, 2024
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
New York
Senator Pushes FCC Cybersecurity Rules After Major Telecom Hack
In the wake of the Salt Typhoon hack, Senator Ron Wyden introduces the Secure American Communications Act to strengthen telecom cybersecurity regulations and protect U.S. networks.
December 12, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Global Insurance Fraud Detection Market to Hit $31.8 Billion by 2032
Fueled by AI, ML, and big data analytics, the global insurance fraud detection market is projected to grow at a CAGR of 25%, with strong demand from Europe, North America, and APAC.
December 12, 2024
Fraud
Insurance Industry
Risk Management
Technology
Driving Innovation in Insurance Claims Technology for 2025
The insurance industry is turning to advanced technologies like AI and specialized consultants to optimize claims processes, enhance efficiency, and maintain a competitive edge.
December 12, 2024
Insurance Industry
Risk Management
Technology
Insurance Faces Transformational Change in 2025 Amid Rising Costs and Evolving Risks
Insurers must adapt to rising operational costs, complex risks, and technological shifts as the industry evolves in 2025, Majesco reports.
December 12, 2024
Property
Risk Management
Technology
Krispy Kreme Faces Cyberattack, Disrupts Online Doughnut Orders
Krispy Kreme is dealing with the aftermath of a cyberattack affecting online ordering at some U.S. locations, potentially impacting revenue and operations as the company works to recover.
December 11, 2024
Insurance Industry
Liability
Risk Management
Technology
Sodium-Ion Batteries: A New Player in Energy Storage
Sodium-ion batteries offer a more affordable and eco-friendly alternative to lithium-ion technology, with potential applications in energy storage despite size limitations.
December 10, 2024
Property
Risk Management
Technology
North Carolina
Dynamic Pricing Transforms Insurance with Real-Time Premium Adjustments
Dynamic pricing powered by AI, IoT sensors, and telematics is revolutionizing insurance by enabling real-time premium adjustments based on market trends and customer behavior.
December 10, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Florida
Parents of Teen Killed in Orlando Ride Accident Awarded $310 Million
A jury has awarded $310 million to the parents of Tyre Sampson, the teen who fell from the Orlando FreeFall ride in 2022, highlighting the consequences of safety failures in amusement rides.
December 9, 2024
Legislation & Regulation
Liability
Litigation
Risk Management
Florida
Missouri
Teen Arrested in Scattered Spider Cybercrime Case Linked to Telecom and Crypto Hacks
Authorities have arrested a teenager linked to the Scattered Spider gang, accusing them of hacking financial and telecom firms and launching phishing campaigns targeting employees and customers.
December 9, 2024
Fraud
Litigation
Risk Management
Technology
Florida
North Carolina
Texas
Modern Building Codes Hold the Key to Reducing Disaster Costs
Modernized building codes can significantly cut disaster recovery costs, but inconsistent adoption across states remains a major challenge as climate risks grow.
December 9, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Delaware
Florida
Louisiana
Virginia
