Rite Aid, the third-largest US drug store chain, revealed that a data breach exposed sensitive information of over 2.2 million customers, including names, addresses, birth dates, and driver’s license numbers.

Generative AI investments are surging, squeezing other IT projects as companies aim for higher ROI and digital transformation.

As inflation and global conflicts escalate replacement costs, brokers and underwriters must effectively communicate economic trends and risk factors to clients to ensure adequate coverage and transparent pricing.

Recent research from the FIRST Center highlights significant differences in state workers’ compensation laws for first responders with mental health conditions, emphasizing the need for uniform presumption laws.

Moody’s RMS estimates U.S. insured losses from Hurricane Beryl between $2.5 and $4.5 billion, with NFIP losses under $300 million and non-U.S. losses not exceeding $1.5 billion.

The 2024 Global Priorities Report from the IIS highlights key concerns for insurance executives, including artificial intelligence, climate change, inflation, and cybersecurity, along with strategies for operational efficiency and growth opportunities.

While often dismissed, Category 1 hurricanes and tropical storms can cause significant damage and fatalities, emphasizing the need for a comprehensive understanding of storm impacts beyond mere wind strength.

A Florida appellate court has ruled that Captain D’s LLC is entitled to fully collect on its workers’ compensation lien after an injured worker failed to prove she didn’t receive full value from her injuries in a third-party settlement.

Hundreds of thousands of Texans remain without power one week after Hurricane Beryl caused widespread damage. Gov. Greg Abbott has demanded an explanation from Houston’s main electricity supplier.

AT&T paid a hacker $370,000 to delete stolen call and text records of millions of customers. The hacker, part of the ShinyHunters group, claims to have wiped the only complete dataset, but some risks remain.

The Biden administration finalizes a policy requiring FEMA-funded reconstruction projects to be elevated above local flood levels to mitigate damage from intensifying floods due to climate change.

Triple-I emphasizes the importance of consumer education and community resilience to mitigate rising insurance costs driven by inflation, litigation, and natural disasters.

The Illinois Appellate Court emphasizes the necessity of filing post-trial motions within 30 days, even if final judgments are pending on other counts, underscoring the jurisdictional limits of trial courts.

Colorado State University has revised its forecast for the 2024 Atlantic hurricane season, predicting an even busier season with 25 named storms and 12 hurricanes.

In the first half of 2024, hackers stole $1.38 billion from cryptocurrency platforms, double the amount stolen in the same period in 2023, according to TRM Insights.