Generative AI Revolutionizes P&C Insurance with Promising and Complex Future

Generative AI offers transformative potential for P&C insurance, promising significant value while posing challenges in adoption and governance.
February 29, 2024 Insurance Industry Risk Management Technology

Cybersecurity Challenges and Strategies in a Digital Age

Cyberattacks pose a daily threat to organizations, highlighting the need for advanced security measures and robust risk management.
February 29, 2024 Insurance Industry Risk Management Technology

Tiara Wallace Champions Diversity and Innovation in Risk Management

With a rich background in claims and education, Tiara Wallace brings a fresh perspective to risk management, emphasizing diversity and innovation.
February 29, 2024 Education & Training Insurance Industry Risk Management Oklahoma Texas

Insurance Coverage Threatened by Rising Claims Costs and Legal System Abuse

Recent trends in claims litigation and social inflation are increasing insurance premiums, particularly in states like Florida and Louisiana, as legal system abuse continues to challenge the industry.
February 28, 2024 Legislation & Regulation Litigation Property Risk Management Florida Louisiana

Southern California Edison Settles for $80 Million Over 2017 Thomas Fire Damages

Southern California Edison agrees to an $80 million settlement for the 2017 Thomas Fire, marking a significant recovery for U.S. Forest Service costs and damages.
February 27, 2024 Catastrophe Litigation Risk Management California

Major Insurance Fraud Ring Busted in Everett, Six Indicted

A sophisticated insurance fraud scheme in Everett involving over $1 million in false claims leads to multiple indictments, with two suspects still at large.
February 27, 2024 Fraud Litigation Risk Management Massachusetts Rhode Island

Navigating Privacy Concerns in Workers’ Comp Safety Tech Adoption

Effective strategies can transform employee skepticism into acceptance for workplace safety technologies.
February 27, 2024 Education & Training Risk Management Technology Workers' Compensation New Jersey

Atlantic Hurricane Season Predicted to be Exceptionally Severe Amid Homeowners Insurance Market Challenges

With homeowners insurance rates adjusting, the Atlantic faces a potentially severe hurricane season due to alarming El Niño and La Niña patterns.
February 27, 2024 Catastrophe Insurance Industry Property Risk Management

Berkshire Hathaway’s Insurance Sector Shines Amidst Overall Performance Caution

Warren Buffett’s latest annual report for Berkshire Hathaway may have tempered expectations for the conglomerate’s future "eye-popping performance," but the insurance sector, led by GEICO’s remarkable turnaround, provided a glimmer of profitability and growth amidst the caution.
February 26, 2024 Insurance Industry Property Risk Management Technology

Record Climate Disasters Highlight Need for Predict & Prevent Strategy in Insurance

The record-breaking climate and weather disasters of 2023 underscore the urgent need for the insurance industry to adopt a Predict & Prevent approach to mitigate financial impacts and protect policyholders.
February 26, 2024 Catastrophe Property Risk Management Technology California Florida

Understanding the Impact and Benefits of AI in the NFL and Insurance Industry

Discover how AI technology is transforming the NFL’s game strategies and enhancing efficiency in the insurance industry, from player performance to customer service.
February 26, 2024 Risk Management Technology Underwriting

Celebrating the 2024 Power Brokers: A Deep Dive into the Prestigious Insurance Award

In its 18th year, the Power Broker contest highlights the industry’s top talent, showcasing winners selected for their innovative risk solutions and service.
February 26, 2024 Insurance Industry Property Risk Management Workers' Compensation

Marine Insurers and Shipowners Unite for Greener Shipping Futures

Marine insurance experts advocate for joint decarbonisation efforts with shipowners to navigate the complexities of reducing greenhouse gas emissions.
February 23, 2024 Legislation & Regulation Marine Risk Management Technology

Bumble Inc. Agrees to $315,000 Settlement with New Jersey Over Dating Safety Law Violations

Bumble Inc. settles for $315,000 and agrees to revise its practices to meet New Jersey’s strict consumer protection and internet dating safety standards.
February 23, 2024 Fraud Legislation & Regulation Risk Management Technology New Jersey Texas

Addressing Mental Health Challenges in the Construction Industry

With a high suicide rate and prevalent mental health issues, the construction industry faces a pressing need to prioritize worker wellbeing and safety strategies.
February 23, 2024 Education & Training Life & Health Risk Management Workers' Compensation
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