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Gina Raimondo Unveils Strategic Vision for AI Safety and Global Cooperation

Gina Raimondo Unveils Strategic Vision for AI Safety and Global Cooperation

U.S. Commerce Secretary Gina Raimondo announces strategic vision for AI safety and plans for a global network of AI Safety Institutes, emphasizing international cooperation to mitigate AI risks.
May 22, 2024 Legislation & Regulation Risk Management Technology California

Rapid Melting of Glacier Linked to Seawater Intrusion

Rapid Melting of Glacier Linked to Seawater Intrusion

New research reveals seawater intrusion beneath Greenland’s Petermann Glacier as a key factor in its rapid melting, potentially leading to greater sea level rise than previously estimated.
May 22, 2024 Catastrophe Property Risk Management Massachusetts

Diverse Data Sources Revolutionize Flood Insurance Underwriting

Diverse Data Sources Revolutionize Flood Insurance Underwriting

Leveraging diverse data sources and advanced computing power is transforming flood insurance, making it a viable option for private insurers and improving coverage accuracy and affordability.
May 22, 2024 Insurance Industry Property Risk Management Technology

Florida’s Hurricanes: Lessons Learned and Advances in Insurance Technology

Florida’s Hurricanes: Lessons Learned and Advances in Insurance Technology

In the two decades since Florida’s devastating 2004 hurricane season, insurers have significantly improved their response strategies and technology, enhancing preparedness and resilience against future storms.
May 22, 2024 Catastrophe Property Risk Management Technology Florida

Florida’s Property Insurance Market Shows Signs of Stabilization in 2024

Florida’s Property Insurance Market Shows Signs of Stabilization in 2024

The Florida Office of Insurance Regulation reports a downward trend in property insurance rates for 2024, indicating market stabilization due to recent reforms.
May 21, 2024 Insurance Industry Legislation & Regulation Property Risk Management Florida Georgia Hawaii Louisiana

Can Generative AI Teach the Next Generation of Underwriters?

Can Generative AI Teach the Next Generation of Underwriters?

Industry experts discuss how generative AI can address challenges in training and retaining underwriters amid shifting expectations and rapid digital changes.
May 21, 2024 Education & Training Insurance Industry Risk Management Technology

Illinois Roofing Contractor Pays $365K in Penalties After Labor Department Seizes Assets

Illinois Roofing Contractor Pays $365K in Penalties After Labor Department Seizes Assets

An Illinois roofing company has finally paid $365,576 in fines and interest after the Department of Labor seized its assets for repeatedly endangering employees.
May 21, 2024 Legislation & Regulation Liability Litigation Risk Management Illinois Wisconsin

Arctic Wolf Predicts Surge in Cyber Threats for 2024

Arctic Wolf Predicts Surge in Cyber Threats for 2024

Arctic Wolf’s 2024 Threat Report reveals a 20% increase in ransom demands and a rise in ransomware attacks, highlighting the need for stronger cybersecurity measures.
May 21, 2024 Fraud Insurance Industry Risk Management Technology

Rising Hurricane Risks Predicted for Florida This Year

Rising Hurricane Risks Predicted for Florida This Year

With the Atlantic hurricane season approaching, experts predict a 75% chance of a major hurricane hitting Florida, potentially leading to $200 billion in insured losses, the highest risk since 1992.
May 21, 2024 Catastrophe Insurance Industry Property Risk Management Florida North Carolina Texas

How Climate Change Will Transform Healthcare Delivery and Payer Strategies

How Climate Change Will Transform Healthcare Delivery and Payer Strategies

Climate change is set to significantly affect healthcare delivery, increasing utilization and costs while disrupting supply chains. Payers must develop comprehensive strategies to address these challenges and ensure sustainable operations.
May 20, 2024 Life & Health Property Risk Management Technology California North Carolina

Transforming Insurance: Embracing the Customer-Centric Ecosystem

Transforming Insurance: Embracing the Customer-Centric Ecosystem

Insurance industry must transition to customer-centric ecosystems for future success.
May 20, 2024 Insurance Industry Risk Management Technology

New Collaboration to Address Supply Chain Risks in Re/Insurance Industry

New Collaboration to Address Supply Chain Risks in Re/Insurance Industry

Gallagher Re and Oxford University partner to analyze supply chain chokepoints impacting the re/insurance sector.
May 20, 2024 Marine Property Risk Management Technology

Safeguard Against Contractor Fraud During Disaster Recovery

Safeguard Against Contractor Fraud During Disaster Recovery

During Contractor Fraud Awareness Week, the Insurance Information Institute and National Insurance Crime Bureau emphasize how homeowners can protect themselves from fraudulent contractors following disasters.
May 20, 2024 Catastrophe Fraud Property Risk Management

How AI is Reshaping the Workplace: Balancing Innovation with Safety

How AI is Reshaping the Workplace: Balancing Innovation with Safety

The rise of AI and large language models is revolutionizing workplaces across industries, necessitating advanced safety measures and worker reskilling to prevent job displacement and injuries.
May 20, 2024 Education & Training Risk Management Technology Workers' Compensation

NOAA Grants $308 Million to Colorado State University for Weather and Climate Research

NOAA Grants $308 Million to Colorado State University for Weather and Climate Research

NOAA renews its partnership with Colorado State University through a $308 million grant, supporting the Cooperative Institute for Research in the Atmosphere (CIRA) for advanced weather and climate research and forecasting.
May 20, 2024 Catastrophe Education & Training Risk Management Technology Colorado Maryland Missouri
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