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InsurTech Leaders Highlight AI’s Role in Underwriting

InsurTech Leaders Highlight AI’s Role in Underwriting

Harnessing previously uncaptured data is key to underwriting success, agree two InsurTech executives, as AI transforms the insurance sector.
June 12, 2024 Insurance Industry Risk Management Technology Underwriting New York

Natural Disasters and Their Ripple Effects on Global Systems: Swiss Re’s Latest Insights

Natural Disasters and Their Ripple Effects on Global Systems: Swiss Re’s Latest Insights

Swiss Re’s 2024 SONAR report identifies 16 emerging risks, highlighting the compounding effects of natural disasters on critical infrastructure, supply chains, and healthcare systems, stressing the need for increased resilience and investment.
June 12, 2024 Catastrophe Life & Health Property Risk Management California Texas

Trust Ranks Highest in Auto Insurance Customer Satisfaction as Prices Surge

Trust Ranks Highest in Auto Insurance Customer Satisfaction as Prices Surge

With U.S. auto insurance rates surging by 11.2% over the past year, customer trust emerges as a key factor in maintaining satisfaction, according to J.D. Power’s 2024 U.S. Auto Insurance Study.
June 12, 2024 Auto Insurance Industry Risk Management Florida

Whole Worker Approach Revolutionizes Claims and Recovery

Whole Worker Approach Revolutionizes Claims and Recovery

The Whole Worker model centers on the injured worker’s emotional well-being, reducing anxiety and improving recovery outcomes through continuous care and telemedicine.
June 11, 2024 Insurance Industry Life & Health Risk Management Technology Workers' Compensation

Texas Supreme Court Dismisses Stonewater Roofing’s Claims Against Insurance Regulations

Texas Supreme Court Dismisses Stonewater Roofing’s Claims Against Insurance Regulations

The Texas Supreme Court dismissed Stonewater Roofing’s constitutional claims challenging state regulations requiring licensing for public insurance adjusters, upholding the Texas Department of Insurance’s motion.
June 11, 2024 Insurance Industry Legislation & Regulation Litigation Risk Management Texas

Preparing for an Active 2024 Hurricane Season

Preparing for an Active 2024 Hurricane Season

The 2024 Atlantic hurricane season is expected to be highly active, with forecasts predicting an increased number of storms and hurricanes. Businesses and residents in vulnerable areas must prioritize preparedness to mitigate potential impacts.
June 11, 2024 Catastrophe Insurance Industry Property Risk Management California Florida

Strategies for Managing Increasing Terrorism Threats

Strategies for Managing Increasing Terrorism Threats

Understanding the growing threat of terrorism and its impact on businesses is crucial for developing comprehensive strategies to ensure stability, resilience, and security in today’s complex global landscape.
June 11, 2024 Insurance Industry Property Risk Management

Crisis Unfolds in Minnesota’s Long-Term Care Insurance Industry

Crisis Unfolds in Minnesota’s Long-Term Care Insurance Industry

Minnesota’s long-term care insurance industry faces a crisis with soaring premiums, denied benefits, and delayed payments as more senior citizens begin to tap into their insurance benefits.
June 10, 2024 Insurance Industry Legislation & Regulation Life & Health Risk Management Minnesota

Bull Jumps Fence at Oregon Rodeo, Injuring Three

Bull Jumps Fence at Oregon Rodeo, Injuring Three

A bull escaped its enclosure at the Sisters Rodeo, injuring three people, including a Deschutes County sergeant, before being recaptured by rodeo professionals.
June 10, 2024 Catastrophe Insurance Industry Liability Risk Management Oregon

USPS National Dog Bite Awareness Campaign Highlights Rising Incidents

USPS National Dog Bite Awareness Campaign Highlights Rising Incidents

The USPS concluded its 2024 National Dog Bite Awareness Campaign amid a rise in dog attacks on postal workers, emphasizing safe mail delivery and responsible pet ownership.
June 10, 2024 Education & Training Insurance Industry Risk Management Weird California Florida Illinois Michigan Missouri

U.S. Auto Insurance Rebounds in 2024, Homeowners’ Sector Faces Continued Challenges

U.S. Auto Insurance Rebounds in 2024, Homeowners’ Sector Faces Continued Challenges

The U.S. personal insurance sector is set for improved performance in 2024, with the auto segment showing signs of recovery while homeowners’ insurance continues to grapple with volatility from natural catastrophes and rising costs.
June 10, 2024 Auto Insurance Industry Property Risk Management

Emerging Insurance Market: Psychedelics Industry Presents New Opportunities

Emerging Insurance Market: Psychedelics Industry Presents New Opportunities

As the field of alternative therapeutics advances, the burgeoning psychedelics industry is becoming a lucrative market for insurance, offering significant opportunities for brokers and insurers.
June 10, 2024 Insurance Industry Life & Health Risk Management Technology

Snowflake Data Breaches on the Rise: Major Companies Among Victims

Snowflake Data Breaches on the Rise: Major Companies Among Victims

Recent data breaches involving Snowflake-hosted cloud databases have impacted several major companies, with attackers leveraging compromised credentials to access customer accounts.
June 10, 2024 Insurance Industry Risk Management Technology

Nuclear Verdicts Surge in Personal Injury and Wrongful Death Cases: A Decade in Review

Nuclear Verdicts Surge in Personal Injury and Wrongful Death Cases: A Decade in Review

A comprehensive study from the U.S. Chamber of Commerce Institute for Legal Reform highlights the rising trend of nuclear verdicts, their causes, and potential solutions over a ten-year period ending in 2022.
June 10, 2024 Legislation & Regulation Litigation Property Risk Management California Florida Georgia Illinois Missouri

Court Panel Recommends Distribution of $2.13 Billion in Opioid Crisis Legal Fees

Court Panel Recommends Distribution of $2.13 Billion in Opioid Crisis Legal Fees

Court-appointed panel allocates $2.13 billion in legal fees from opioid settlements, with leading firms set to receive substantial shares.
June 10, 2024 Fraud Life & Health Litigation Risk Management
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