Insurance industry HR leaders continue to battle long-standing challenges like talent retention, while preparing for AI’s impact on workforce management in 2024.

Homeowners across the U.S. are facing sharp insurance premium hikes, with Florida seeing the steepest increases, fueled by hurricane risks, fraud, and lack of competition.

A groundbreaking parametric insurance model is being used to safeguard surf ecosystems from environmental damage, starting in El Salvador, as part of a global effort to protect valuable natural resources.

A Pennsylvania appeals court upheld a $2.3 million verdict for the widow of a mesothelioma victim, ruling that COVID-19-related court delays do not exempt defendants from paying full delay damages in asbestos cases.

Business leaders are increasingly concerned about technology becoming obsolete due to rapid innovations like AI, while focus on cyber risk is declining, despite escalating cyber threats.

The U.S. property and casualty insurance sector posted a $3.8 billion underwriting gain in H1 2024, rebounding from a $24 billion loss last year, driven by premium growth and improved catastrophe losses.

Property insurance rates in the US have dropped for the first time since 2017, driven by insurers’ return to profitability following lower catastrophe-related losses and stronger market conditions.

Insurance professionals are grappling with AI integration and outdated pricing technology, as revealed by hyperexponential’s "State of Pricing 2024" report, highlighting concerns about skills gaps and future roles.

As AI transforms the property and casualty insurance industry, insurers are uniquely positioned to guide ethical standards, balancing innovation and risk management while collaborating with regulators.

Software is helping injured workers track their recovery, shifting the focus in workers’ compensation from cost containment to achieving faster, better outcomes that benefit both employees and employers.

Cyber attacks on U.S. utilities have surged nearly 70 percent this year, exposing vulnerabilities in outdated software and expanding infrastructure. Experts warn a large-scale attack could cripple essential services.

AI-enabled digital twins are revolutionizing how property and casualty insurers assess risk and protect policyholders from climate-related damages, offering enhanced accuracy and predictive capabilities.

Hurricane Francine made landfall in Louisiana as a Category 2 storm, with CoreLogic estimating insured losses at up to $1.5 billion, impacting residential and commercial properties across the Gulf Coast.

Employers and claims professionals must prioritize injury prevention, safety culture, and risk management strategies to control workers’ compensation claims and costs across various industries.

Automation is essential for underwriters to meet growing industry demands for advanced risk assessment, enabling faster, more accurate decisions through data-centric processes and AI.