Aon’s 2024 survey reveals that most business leaders are struggling to adapt to key megatrends, including trade, technology, climate, and workforce changes, to better manage risk.

While the buddy system is often praised for improving worker safety in high-risk environments, experts warn of potential downsides, including inconsistent practices, cost concerns, and reduced management oversight.

American Transit Insurance Co., a key insurer for NYC taxis and rideshare vehicles, faces insolvency, risking disruption for tens of thousands of drivers as regulators consider intervention.

General contractors in Florida face growing legal hurdles in apportioning fault to subcontractors due to the nondelegable duty of supervision, with courts increasingly placing full liability on the contractor.

The catastrophe bond market has reached unprecedented levels, recording $12.2 billion in new transactions and pushing total capital to $45.6 billion, driven by growing risk transfer needs.

Artificial intelligence is reshaping insurance by enhancing risk assessment, improving customer experience, and streamlining operations. However, ethical challenges, regulatory hurdles, and high costs remain obstacles.

Skyline Partners’ FatTrack trigger mechanism led to a swift payout under a parametric insurance policy for Jamaican farmers after Hurricane Beryl, highlighting its efficiency in handling weather-based claims.

Nurse Case Managers play a critical role in workers’ compensation, focusing on guiding injured workers back to gainful employment while ensuring safe accommodations are in place to prevent re-injury or setbacks.

Verisk’s 2024 Global Modeled Catastrophe Losses Report reveals that urban expansion and inflation have pushed average annual global natural catastrophe losses to $151 billion, highlighting the growing challenges for insurers.

The Insurance Information Institute’s white paper emphasizes the crucial role of property and casualty insurers in leading the ethical development and application of artificial intelligence.

Implementing early case assessment strategies is crucial for claims departments looking to reduce unnecessary litigation and lower overall costs. Discover five proven tactics to streamline your ERA process and improve outcomes.

The construction industry faces rising costs, labor shortages, and the adoption of new technologies as it prepares for the future, requiring strategic planning and innovation to navigate these challenges effectively.

With wildfires intensifying due to climate change, tech startups in Silicon Valley are creating innovative solutions, from AI-driven forest management to automated firebreaks, to mitigate future risks.

General aviation insurance claims reveal surprising trends in accident types that drive up costs, including gear-up landings, prop strikes, and loss of control on the ground, all of which contribute to rising insurance rates.

Many farmers may face revenue-based crop insurance claims this fall due to falling commodity prices, emphasizing the importance of proactive communication with insurance agents to meet crucial deadlines.