Revolutionizing Risk Management in the Age of Generative AI
As generative AI transforms industries, Munich Re leads with innovative insurance solutions to navigate emerging risks and opportunities.
February 22, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Widespread AT&T Network Outage Disrupts Services Across the U.S.
A major outage hits AT&T’s network, leaving users without call or internet services, while local emergency services report disruptions.
February 22, 2024
Catastrophe
Risk Management
Technology
Climate and Weather Challenges Escalate Risks and Costs for Organizations in 2023
2023 sets a record as the warmest year since 1850, with weather-related disasters costing the US $150 billion annually.
February 22, 2024
Catastrophe
Property
Risk Management
California
Hawaii
Louisiana
Washington
Courts Still Grappling with COVID-19 Workers’ Compensation Claims Amid Long COVID Concerns
As the pandemic ends, courts continue to evaluate COVID-19 workers’ compensation claims, highlighting the ongoing challenges of proving work-related long COVID disabilities.
February 21, 2024
Legislation & Regulation
Life & Health
Risk Management
Workers' Compensation
Alabama
Maryland
West Virginia
Tax Preparer Admits to Pandemic Unemployment Insurance Fraud Scheme
A tax preparer from Allen Park pleads guilty to using stolen identities for filing false unemployment claims during the pandemic, facing significant prison time.
February 21, 2024
Fraud
Legislation & Regulation
Risk Management
Michigan
NHC Unveils New Tropical Cyclone Forecast Graphic for Enhanced Wind Risk Communication
The National Hurricane Center introduces an experimental graphic to improve wind risk communication for US inland tropical storm and hurricane alerts.
February 20, 2024
Catastrophe
Risk Management
Technology
Louisiana Sets Precedent with Mandatory Smoking Cessation Coverage
A landmark Louisiana law mandates health insurance to cover six months of smoking cessation treatments, marking a significant public health advancement.
February 20, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Risk Management
Louisiana
Virginia
Supercharged Hurricane Season Looms in 2024, Experts at AccuWeather Warn
With La Niña’s return and record-warm Atlantic waters, AccuWeather forecasts a potentially explosive hurricane season in 2024.
February 20, 2024
Catastrophe
Marine
Risk Management
Texas
The Road Ahead for Tesla Insurance Amid Industry Hurdles
As Tesla aims to innovate the insurance industry with personalized coverage, it faces hurdles like data privacy, regulatory compliance, and competition.
February 20, 2024
Auto
Risk Management
Technology
Navigating the Complex Landscape of Social Media Account Ownership in Online Marketing
The Second Circuit’s ruling on JLM Couture v. Gutman offers a legal framework for determining social media account ownership, emphasizing original ownership and valid transfers.
February 20, 2024
Insurance Industry
Litigation
Risk Management
Technology
New York
Tragedy Strikes Marvel’s "Wonder Man" Set Highlighting the Cost of Safety Overlooked
In the wake of a heartrending incident on the "Wonder Man" production, the entertainment community faces a critical moment of reflection.
February 19, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Workers' Compensation
California
Swiss Re CEO Highlights Climate Crisis as Major Factor in Rising Insurance Costs
The CEO of Swiss Re underscores the need for fair risk valuation amid rising insurance costs, pointing to climate change as a significant driver of recent price adjustments.
February 19, 2024
Catastrophe
Insurance Industry
Risk Management
California
Colorado
Florida
Idaho
New Jersey
Stanford Startup Outperforms Tech Giants in AI-Based Weather Prediction
A team of Stanford graduates has developed a weather forecasting model that surpasses traditional and AI-based methods, setting a new standard in accuracy and efficiency.
February 19, 2024
Catastrophe
Risk Management
Technology
California
Organizations Struggle with Strategic AI Implementation, Says Gallagher’s State of the Sector Report
A significant gap in internal AI usage guidelines exists, despite potential benefits for efficiency and communication quality.
February 16, 2024
Education & Training
Insurance Industry
Risk Management
Technology
New Study Reveals Urban Design’s Impact on Pedestrian Crash Fault Determination
A recent analysis highlights the significant role urban environments play in attributing fault in pedestrian accidents, pointing to the need for insurance industry adaptation.
February 16, 2024
Auto
Liability
Risk Management
Ohio
