Vegas Casinos Hit by Major Cyberattacks: MGM and Caesars Face Severe Consequences
MGM Resorts and Caesars Entertainment face severe fallout from major cyberattacks, highlighting the critical importance of cybersecurity in today’s digital age.
November 17, 2023
Fraud
Liability
Risk Management
Technology
Nevada
Rising ESG and Cyber Risks Transform the Landscape of Professional Liability Insurance
Environmental, social, governance risks and escalating cyber threats are redefining professional liability insurance, influencing rates and litigation trends.
November 17, 2023
Legislation & Regulation
Liability
Risk Management
Technology
Illinois
Use of Onboard Cameras in Fleet Vehicles Touted as Key to Mitigating Liability Risks
In the face of rising nuclear verdicts, risk experts from Crum & Forster advocate the use of cameras in fleet vehicles to minimize liability and enhance safety.
November 17, 2023
Auto
Liability
Risk Management
Technology
Ohio
Health Insurance Shifts Pave Way for Dramatic Changes in Employee Benefits and Insurance Carriers
Rising health insurance costs are driving employers to rethink benefits, paving the way for a more personalized approach to employee insurance and wellness.
November 16, 2023
Legislation & Regulation
Life & Health
Risk Management
Technology
Insurance Industry Shifts Focus from Repair to Predict and Prevent Model
In a significant industry shift, insurance moves towards a predict and prevent model, emphasizing consumer education and engagement.
November 16, 2023
Auto
Education & Training
Risk Management
Technology
Insurance Industry Demonstrates Generosity with Over $1 Billion in Charitable Giving in 2022
Insurance industry’s 2022 charitable endeavors exceed $1 billion, highlighting commitment to philanthropy and community support.
November 16, 2023
Education & Training
Liability
Life & Health
Risk Management
West Virginia Supreme Court Rules for Continuous Trigger in Long-Tail Illness Claims Against Insurers
West Virginia Supreme Court’s ruling mandates insurers to cover long-tail illness claims, emphasizing the continuous trigger theory for policies expired years prior.
November 15, 2023
Legislation & Regulation
Liability
Litigation
Risk Management
West Virginia
Revolutionizing Auto Insurance Claims with Advanced Crash Detection Technology
Crash detection technology is set to revolutionize the auto insurance claims process, offering real-time accident alerts and improving the efficiency of claims handling.
November 15, 2023
Auto
Risk Management
Technology
Underwriting
Wearable Tech Transforms Worker Safety and Insurance Costs
Ergonomic wearables emerge as a key solution in reducing workplace injuries and workers’ compensation costs.
November 15, 2023
Education & Training
Risk Management
Technology
Workers' Compensation
SpaceX’s Workplace Safety Under Scrutiny Amid Rising Injuries and Regulatory Lapses
SpaceX’s rapid growth and technological advancements are overshadowed by rising worker injuries and weak regulatory responses, highlighting major safety concerns.
November 14, 2023
Legislation & Regulation
Liability
Risk Management
Workers' Compensation
California
Florida
Texas
Washington
Canopius Group Expands Cannabis Insurance Products to Include Transportation Coverage
Canopius Group broadens its cannabis insurance offerings to include coverage for the transportation of cannabis-related products, aligning with legal frameworks.
November 14, 2023
Legislation & Regulation
Liability
Risk Management
Generative AI Revolutionizing the Insurance Industry, Prompts Innovation Funding Surge
In the face of generative AI’s rapid growth, insurance industry leaders are fast-tracking innovation and funding for digital strategies.
November 14, 2023
Education & Training
Risk Management
Technology
Underwriting
District Of Columbia
Homeowners Insurance Affordability Study Reveals Significant Variations Across States
A recent study by the Insurance Research Council reveals stark differences in homeowners insurance affordability across the United States.
November 14, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Florida
Louisiana
Mississippi
New Hampshire
GE Aerospace Settles for $9.4 Million Over Inspection Lapses in Military Equipment
GE Aerospace settles with the federal government for $9.4 million over claims of inadequate inspections and nonconforming parts in military equipment.
November 13, 2023
Legislation & Regulation
Liability
Risk Management
Technology
Massachusetts
Ohio
Cyber Insurance Market Emerges as a Highly Profitable Sector Despite Rising Ransomware Attacks
Amid a surge in ransomware attacks, the cyber insurance market remains highly profitable with strong growth potential, demonstrating resilience in the face of evolving cyber threats.
November 13, 2023
Liability
Risk Management
Technology
Underwriting
