Lloyd’s Reports on Generative AI’s Growing Impact on Cybersecurity Risks
Lloyd’s examines the escalating challenges and opportunities GenAI presents to cybersecurity, urging the insurance sector to adapt promptly.
March 12, 2024
Insurance Industry
Risk Management
Technology
U.S. Shifts Strategy on Home Insurance Data Collection Amid Rising Premiums and Climate Risks
In response to climbing premiums and climate threats, the U.S. pivots from direct data collection to a collaborative approach with state insurance regulators.
March 11, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
California
Florida
Microsoft Faces Renewed Cyber Threats from Alleged Russian Hackers
Microsoft battles advanced cyberattacks by Russian group Midnight Blizzard, raising concerns over national security and the integrity of tech infrastructure.
March 11, 2024
Legislation & Regulation
Risk Management
Technology
Revolutionizing Insurance Claims Handling with Artificial Intelligence
AI in insurance claims processing enhances efficiency, reduces costs, and improves fraud detection, offering a better customer experience and streamlining operations.
March 11, 2024
Fraud
Risk Management
Technology
Insurance Pros Share Best Practices for Delivering Tough News to Clients
Insurance professionals discuss effective communication techniques for delivering claim denials, emphasizing empathy, clarity, and policy education.
March 8, 2024
Education & Training
Insurance Industry
Risk Management
Industry Leaders Highlight the Importance of Insurance Designations in Professional Development
Insurance professionals are turning to CPCU and ARM designations to navigate complex industry challenges and enhance their expertise.
March 8, 2024
Education & Training
Insurance Industry
Risk Management
Technology
Unpacking the Confusion Around Additional Insured Coverage and Its Legal Implications
With over 700 citations to Burlington v. NYC Transit Auth., the complexity of Additional Insured endorsements sparks widespread legal debates and coverage disputes.
March 8, 2024
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
New York
Addressing the Surge in Construction Industry Risks Amid Growth and Labor Shortages
As the construction industry faces labor shortages and cost escalations, the focus sharpens on risk management and insurance strategies to control rising expenses.
March 8, 2024
Education & Training
Risk Management
Technology
Workers' Compensation
Navigating Insurance Challenges in California’s Shifting Landscape
California faces insurance hurdles with outdated Proposition 103, hindering actuarially sound underwriting amid escalating natural disasters.
March 8, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
California
Defense Highlights Systemic Failures in ’Rust’ Trial, Calls Attention to Production and Investigative Lapses
In a strategic move, the ’Rust’ trial defense calls witnesses to underscore systemic issues and investigative shortcomings, distancing their client from sole responsibility.
March 7, 2024
Life & Health
Litigation
Risk Management
Weird
New Mexico
KBW’s Analysis Foresees Bright Earnings Outlook Across P&C Insurance Sub-Sectors for 2024
According to KBW, Property & Casualty insurers express optimism for 2024, driven by rate increases, moderating loss trends, and strong growth in brokerage and specialty lines.
March 7, 2024
Insurance Industry
Property
Risk Management
Florida
WD Flooring Faces Hefty Fines for Multiple Safety Violations, OSHA Reports
OSHA proposes a $269,662 penalty against WD Flooring for serious safety violations including electrical and fall hazards, lack of hearing protection, and inadequate training on hazardous chemicals.
March 7, 2024
Legislation & Regulation
Life & Health
Risk Management
Workers' Compensation
Wisconsin
Catholic Media Network Settles Defamation Case with Clergyman, Announces Closure
The conservative Catholic media outlet Church Militant announces closure in April, following a defamation lawsuit settlement involving an apology and a $500,000 payment to a priest.
March 6, 2024
Legislation & Regulation
Liability
Litigation
Risk Management
New Hampshire
Climate Change and Rising Sea Levels Poised to Amplify Arsenic Contamination in Drinking Water
A comprehensive study predicts that sea level rise due to climate change could exacerbate arsenic release into Bangladesh’s well water, heightening public health risks.
March 6, 2024
Life & Health
Risk Management
Toyota Announces Major Recall for Tacoma Trucks Over Axle Safety Concerns
Toyota is recalling approximately 380,000 Tacoma trucks due to a potential axle shaft separation that could impair vehicle stability and brake performance.
March 6, 2024
Auto
Risk Management
Technology
