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Embracing Solar Power: Technological Evolution and Insurance Industry Challenges

Embracing Solar Power: Technological Evolution and Insurance Industry Challenges

Jason Kaminsky, CEO of kWh Analytics, discusses how advancements in solar technology are reshaping the insurance landscape and addressing emerging liabilities.
July 24, 2024 Insurance Industry Risk Management Technology Underwriting

The Future of Underwriting: Embracing AI and Automation

The Future of Underwriting: Embracing AI and Automation

The integration of AI and business rules engines in underwriting is revolutionizing the industry, reducing menial tasks, and enabling underwriters to focus on strategic issues.
July 24, 2024 Insurance Industry Risk Management Technology Underwriting

Emerging Challenges in US Workers’ Compensation Market: Swiss Re Analysis

Emerging Challenges in US Workers’ Compensation Market: Swiss Re Analysis

After a decade of profitability, the US workers’ compensation insurance market faces new risks, requiring disciplined underwriting to maintain stability.
July 23, 2024 Insurance Industry Risk Management Underwriting Workers' Compensation California New Jersey New York

Home Insurance Crisis: Rising Costs and Climate Challenges

Home Insurance Crisis: Rising Costs and Climate Challenges

Rising climate-related risks and regulatory challenges are driving up home insurance costs, making homeownership more difficult for many Americans.
July 23, 2024 Insurance Industry Legislation & Regulation Property Risk Management California Connecticut Florida

Class Action Lawsuit Filed Over Copa America Chaos at Hard Rock Stadium

Class Action Lawsuit Filed Over Copa America Chaos at Hard Rock Stadium

Hard Rock Stadium, CONMEBOL, and CONCACAF face class action lawsuits after security failures led to chaos, injuries, and denied entry at the Copa America Final.
July 23, 2024 Insurance Industry Liability Litigation Risk Management Florida

Challenges and Innovations in Insurance Underwriting Amid Economic Uncertainty

Challenges and Innovations in Insurance Underwriting Amid Economic Uncertainty

With high inflation, climate risks, and varying state regulations, insurance underwriting and pricing rely more than ever on accurate loss projections and economic forecasts.
July 23, 2024 Insurance Industry Risk Management Technology Underwriting

NCIGF Enhances Support for Insurers

NCIGF Enhances Support for Insurers

The National Conference of Insurance Guaranty Funds (NCIGF) is bolstering its efforts to assist state guarantee funds, focusing on operational support, education, and public policy management.
July 23, 2024 Education & Training Insurance Industry Property Risk Management

Inflation Continues to Lead Insurers’ Concerns

Inflation Continues to Lead Insurers’ Concerns

Despite cooling predictions, inflation remains the primary concern for insurance executives worldwide for the third consecutive year, according to the International Insurance Society’s annual survey.
July 23, 2024 Insurance Industry Property Risk Management Technology Florida

Increasing Risk in Sensitive Data Communications: Kiteworks 2024 Report

Increasing Risk in Sensitive Data Communications: Kiteworks 2024 Report

The 2024 Kiteworks report highlights the rising risks associated with the proliferation of communication tools, data exchanges with third parties, and inadequate governance, emphasizing the urgent need for enhanced data security and compliance measures.
July 22, 2024 Insurance Industry Litigation Risk Management Technology California

Pennsylvania Introduces Regulatory Changes for Surplus Line Licensees and Policyholder Incentives

Pennsylvania Introduces Regulatory Changes for Surplus Line Licensees and Policyholder Incentives

Pennsylvania’s latest insurance regulations allow surplus line licensees to charge service fees and offer enhanced nonmonetary gifts to policyholders, improving transparency and market dynamics.
July 22, 2024 Excess & Surplus Lines Insurance Industry Legislation & Regulation Risk Management Pennsylvania

Policyholders Prepare Claims Post CrowdStrike Outage

Policyholders Prepare Claims Post CrowdStrike Outage

Policyholders are preparing to file claims after a CrowdStrike outage, which was confirmed to be a non-cyberattack caused by a software update issue.
July 22, 2024 Insurance Industry Risk Management Technology

Mulch: An Overlooked Fire Hazard in California’s Landscaping

Mulch: An Overlooked Fire Hazard in California’s Landscaping

In wildfire-prone California, mulch can inadvertently create a fire hazard, prompting homeowners to consider safer landscaping alternatives.
July 22, 2024 Catastrophe Insurance Industry Property Risk Management California

Balancing Technology and Human Touch in Insurance Fraud Detection

Balancing Technology and Human Touch in Insurance Fraud Detection

Technology aids in spotting insurance fraud, but human expertise remains crucial to ensure accuracy and maintain consumer trust.
July 22, 2024 Fraud Insurance Industry Risk Management Technology

Gulf Coast Disasters 2020-2021: Impacts and Lessons

Gulf Coast Disasters 2020-2021: Impacts and Lessons

Exploring the compounded impacts of multiple disasters on Gulf Coast communities from 2020 to 2021 and the lessons learned to enhance future resilience.
July 22, 2024 Catastrophe Life & Health Property Risk Management Alabama Florida Louisiana Mississippi Texas

Independent Agents Ensure Safe Summer Celebrations for Homeowners

Independent Agents Ensure Safe Summer Celebrations for Homeowners

Independent agents play a crucial role in helping clients find the right home insurance policies and sharing essential safety tips, especially during summer.
July 19, 2024 Education & Training Insurance Industry Liability Risk Management
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