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.

Risk managers are shifting focus toward climate change, wars, and disruptive technology as primary emerging risks, according to a recent survey by the Society of Actuaries and the Casualty Actuarial Society.

The insurance claims industry has seen incremental progress over the years, but true transformation remains elusive. To keep pace with technological advancements and consumer expectations, insurers must move beyond outdated processes and fragmented solutions.

The cyber insurance market remained favorable for buyers in 2024, with lower premiums and increased coverage options despite high-profile cyber incidents. However, risks such as supply chain attacks, regulatory enforcement, and artificial intelligence (AI) security concerns are shaping the industry’s future.

The insurance industry is facing increasing cyber threats, with 59% of breaches among the top 150 insurance companies stemming from third-party attack vectors. These vulnerabilities highlight the need for stronger supply chain security.

Allstate anticipates recovering $900 million through its reinsurance program after estimating $2 billion in gross losses from the Los Angeles wildfires. This will result in a net loss of $1.1 billion for the insurer.

A federal appeals court panel expressed skepticism over Google’s argument that competition with Apple justifies overturning a jury’s ruling that declared its Android app policies an illegal monopoly.

As millions of football fans tune in for Super Bowl LIX, a record-breaking 22.6 million U.S. employees are expected to miss work the following Monday. Employers must plan ahead to address absenteeism, productivity dips, and workplace engagement challenges.

The devastating January 2025 Los Angeles wildfires could result in $95 billion to $164 billion in total losses, including $75 billion in insured claims, along with GDP declines, job losses, and rising insurance costs.

A proposed ordinance would require food delivery services like DoorDash and UberEats to obtain a city permit, carry insurance for drivers, and share delivery data with officials.