How Property and Casualty Insurers Can Boost Profits with AI in 2024
As P&C insurers navigate inflation and climate challenges, strategic AI adoption, including computer vision and LLMs, offers a path to enhanced profitability.
March 19, 2024
Property
Risk Management
Technology
Underwriting
Navigating Climate Change: A Strategic Imperative for Life and Health Insurers
As climate change reshapes health risks, life and health insurers must adapt, focusing on strategic decisions to align with long-term health outcomes.
March 19, 2024
Catastrophe
Life & Health
Risk Management
Technology
Fentanyl’s Impact on Road Safety: A Growing Concern for America’s Highways
As the opioid epidemic escalates, fentanyl’s presence in fatal road accidents underscores a critical public health issue.
March 18, 2024
Auto
Catastrophe
Legislation & Regulation
Risk Management
California
Delaware
Maryland
New Hampshire
New Mexico
Expanding Role of Advanced Practice Registered Nurses Raises New Liability Concerns
Nurse practitioners and other APRNs face growing professional liability risks as their roles expand in health care.
March 18, 2024
Insurance Industry
Liability
Life & Health
Risk Management
Rising Auto Premiums Linked to Natural Disasters, Inflation, and Social Factors
Auto insurance premiums are climbing due to labor/material costs, natural disasters, and social inflation, with industry challenges sparking rate hikes.
March 18, 2024
Auto
Catastrophe
Risk Management
Technology
California
Florida
Record-High Sea Surface Temperatures Alarm Ocean Scientists Globally
Ocean temperatures have surged to unprecedented levels for over a year, alarming scientists about potential long-term ecological and meteorological impacts.
March 15, 2024
Catastrophe
Marine
Risk Management
Massachusetts Beach Community Faces Setback as Storm Washes Away Newly Added Sand
A recent storm in Salisbury, Massachusetts, has undone efforts to fortify the beach, washing away $600,000 in sand, despite community-led dune replenishment initiatives.
March 15, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Massachusetts
New Jersey
Drone Technology Revolutionizes Insurance Sector with Enhanced Imaging and Efficiency
As drone technology advances, insurance companies leverage these tools for more accurate risk assessment, fraud reduction, and efficiency improvements, marking a significant shift in industry practices.
March 15, 2024
Fraud
Risk Management
Technology
Michigan
Effective Strategies for Employers to Manage Claims and Facilitate Return-to-Work Programs
Discover how employers can save on costs and avoid litigation by offering light-duty employment to injured employees, along with pre-claim preparation tips.
March 15, 2024
Insurance Industry
Litigation
Risk Management
Workers' Compensation
The Gladstone Blueprint: A Comprehensive Strategy for Advanced AI Security and Safety
The Gladstone Action Plan outlines critical steps to ensure the safe development and adoption of advanced AI, addressing emerging national security risks.
March 14, 2024
Legislation & Regulation
Risk Management
Technology
Ransomware’s Rising Impact: The Urgent Need for Comprehensive Cyber Resilience Strategies
With ransomware attacks becoming more sophisticated, businesses must enhance their defenses and reject paying ransoms to ensure comprehensive protection.
March 14, 2024
Education & Training
Insurance Industry
Risk Management
Technology
The Evolving Role of Underwriters in the Age of Artificial Intelligence
In the era of AI, underwriters are transitioning from manual tasks to more strategic roles, requiring new skills in data analysis and creativity.
March 14, 2024
Education & Training
Risk Management
Technology
Underwriting
Roku Data Breach Exposes Thousands of Accounts to Unauthorized Subscription Purchases
Over 15,000 Roku users were affected by a data breach, leading to unauthorized subscription purchases and account hijackings from December 2023 to February 2024.
March 13, 2024
Fraud
Insurance Industry
Risk Management
Technology
California
Maine
Innovative Initiative Launched to Enhance Insurance Access for High-Risk Buildings
A groundbreaking facility aims to make insurance more accessible for buildings with fire safety issues, boosting market competition and support for affected properties.
March 13, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Navigating Political Risks in a Turbulent Global Business Landscape
A report by Marsh outlines the challenges businesses face due to volatile global politics and economic policies, urging preparedness for 2024.
March 13, 2024
Legislation & Regulation
Risk Management
