Swiss Re and Zurich Navigate the Generative AI Wave in the Reinsurance Sector
As the reinsurance industry explores Generative AI, leaders weigh the technology’s potential for innovation against its risks.
March 29, 2024
Insurance Industry
Risk Management
Technology
Predictions Point to a Record-Breaking 2024 Atlantic Hurricane Season
Forecasters warn of an unusually active 2024 Atlantic hurricane season, urging early preparations as conditions favor above-average storm activity.
March 29, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Florida
North Carolina
South Carolina
Texas
Deciphering AI’s Role in Insurance Raises More Questions Than Answers
At the 2024 cyber symposium, experts express the need for clarity in underwriting AI-related risks, underscoring the insurance industry’s struggle with fast-paced technological advancements.
March 29, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
The Impact of COVID-19 on Workers’ Compensation: Insights from the National Academy of Social Insurance Report
The 26th annual report by the National Academy of Social Insurance offers a detailed look at workers’ compensation trends during the COVID-19 era, showcasing the system’s adaptability.
March 29, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Workers' Compensation
Navigating the Stormy Seas of Marine Insurance Claims with Expertise and Empathy
Marine loss adjuster Paul Field reveals the challenges and nuances of handling insurance claims for pleasurecraft, emphasizing the human aspect and technical expertise required.
March 29, 2024
Insurance Industry
Marine
Risk Management
Technology
Baltimore Bridge Collapse May Set Record for Marine Insurance Losses, Lloyd’s of London Chairs Warn
Lloyd’s of London anticipates the Francis Scott Key bridge collapse to potentially become the most significant marine insurance loss in history.
March 28, 2024
Catastrophe
Insurance Industry
Marine
Risk Management
Maryland
U.S. Property and Casualty Insurers Shift Focus to Predict and Prevent Strategy Amid Rising Underwriting Losses
Facing a $38 billion underwriting loss and increased natural catastrophe damages, insurers explore predictive and preventive measures for sustainability.
March 28, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
TMPAA and The Institutes Unveil New Program Business Professional Designation
In a landmark collaboration, TMPAA and The Institutes announce the Program Business Professional (PBP) designation, enhancing program business education.
March 28, 2024
Education & Training
Insurance Industry
Risk Management
Florida Property Insurers Turn Profit in 2023, Bucking Years of Losses Amid Hurricane Challenges
After facing underwriting losses for years due to hurricane damages, Florida’s property insurers reported profits in 2023, signaling a potential market turnaround.
March 27, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Florida
Cybersecurity Flaws and Delayed Upgrades Expose Clorox to Disruptive Attack
A cyberattack leveraging long-standing cybersecurity vulnerabilities at Clorox led to widespread production halts, underscoring the critical need for updated digital defenses.
March 27, 2024
Risk Management
Technology
California
Arizona Court Greenlights Mexico’s Lawsuit Against US Gun Dealers for Facilitating Cross-Border Trafficking
An Arizona court ruling allows Mexico to pursue legal action against US gun dealers accused of contributing to violence through gun trafficking, highlighting a critical cross-border issue.
March 27, 2024
Legislation & Regulation
Litigation
Risk Management
Arizona
Massachusetts
Claims Adjusters Share Their Frustrations in Property Claim Adjustments
Claims adjusters reveal the myriad challenges and frustrations they face during property claim inspections, from uncooperative homeowners to aggressive public adjusters.
March 26, 2024
Fraud
Insurance Industry
Property
Risk Management
California
Florida
Texas
2023 Reflects a New Norm in Natural Catastrophe Insurance Losses
In 2023, natural disasters led to over $108 billion in insured losses, marking the fourth consecutive year above $100 billion, with severe convective storms hitting a record high.
March 26, 2024
Catastrophe
Property
Risk Management
Technology
California
Florida
Louisiana
Insurance Sector Adapts to Cyber Risks Amid Rising Systemic Threats
Industry experts emphasize the importance of individual security measures and strategic risk management to mitigate systemic cyber threats impacting the insurance market.
March 26, 2024
Insurance Industry
Risk Management
Technology
Major East Coast Bridge Collapses After Collision with Cargo Ship, Triggers Extensive Search and Rescue Operation
The collapse of the Francis Scott Key Bridge, after being struck by a cargo ship, has led to a significant emergency operation and concerns over East Coast shipping logistics.
March 26, 2024
Catastrophe
Marine
Risk Management
Technology
Maryland
