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Rising Costs Prompt Homebuyers to Opt for Bare-Minimum Insurance Coverage

Rising Costs Prompt Homebuyers to Opt for Bare-Minimum Insurance Coverage

Homeowners are increasingly opting for the minimum required insurance coverage to mitigate rising living expenses.
November 8, 2023 Catastrophe Legislation & Regulation Property Risk Management

EU Presses TikTok for Greater Measures Against Misinformation Spread

EU Presses TikTok for Greater Measures Against Misinformation Spread

The European Union’s digital chief has commended TikTok for its recent initiatives to safeguard users but underscores the need for continued vigilance against the spread of illegal content and misinformation.
November 8, 2023 Fraud Legislation & Regulation Risk Management Technology

Mulberri Launches AI Risk Engine to Revolutionize Workers’ Compensation Underwriting

Mulberri Launches AI Risk Engine to Revolutionize Workers’ Compensation Underwriting

Enhancing accuracy and profitability, Mulberri’s new AI Risk Engine promises to revolutionize workers’ compensation underwriting.
November 8, 2023 Risk Management Technology Underwriting Workers' Compensation

Nevada Confronts Soaring Auto Insurance Costs in Public Webinar

Nevada Confronts Soaring Auto Insurance Costs in Public Webinar

The Nevada Division of Insurance recently held a live webinar to provide the public with an opportunity to discuss the rising cost of auto insurance in the state.
November 8, 2023 Auto Legislation & Regulation Liability Risk Management Nevada

Rethinking Road Rules: U.S. Cities Contemplate ’Right on Red’ Prohibition to Safeguard Pedestrians

Rethinking Road Rules: U.S. Cities Contemplate ’Right on Red’ Prohibition to Safeguard Pedestrians

A dramatic rise in accidents killing or injuring pedestrians and bicyclists has led to a myriad of policy and infrastructure changes.
November 7, 2023 Auto Legislation & Regulation Liability Risk Management California District Of Columbia Illinois Michigan Washington

Building for the Future: Florida’s Hurricane-Resilient, Eco-Friendly Homes

Building for the Future: Florida’s Hurricane-Resilient, Eco-Friendly Homes

Some developers are building homes with an eye toward making them more resilient to the extreme weather that`s increasing with climate change, and friendlier to the environment at the same time.
November 7, 2023 Catastrophe Property Risk Management Technology Florida

Harnessing Advanced Analytics for Effective Catastrophe Risk Management

Harnessing Advanced Analytics for Effective Catastrophe Risk Management

Guy Carpenter’s Kimberly Roberts, Jeffrey Schmidt and Shannon Peterson outline the benefits of advanced analytics in managing catastrophe risk.
November 6, 2023 Catastrophe Risk Management Technology

Combatting the Talent Crunch: Strategies in the Insurance Sector

Combatting the Talent Crunch: Strategies in the Insurance Sector

According to Kelly Stevens, the SVP of loss adjusting at Crawford and Co., insurance companies are currently battling among one another to find and retain employees.
November 6, 2023 Education & Training Insurance Industry Risk Management

Evaluating PBM Pricing Models: The Key Factors to Consider and Questions to Ask

Evaluating PBM Pricing Models: The Key Factors to Consider and Questions to Ask

Multiple factors affect PBM pricing. These are the questions payers need to ask to find the right fit (and get the most savings) for their company.
November 6, 2023 Insurance Industry Risk Management Workers' Compensation

Rising Reconstruction Costs and Climate Change Fuel Record High Natural Catastrophe Losses

Rising Reconstruction Costs and Climate Change Fuel Record High Natural Catastrophe Losses

It is over a decade since Verisk started producing its ‘Global Modeled Catastrophe Losses Report’, which, in 2023, projected a record high global modelled insured average annual loss from natural catastrophes.
November 2, 2023 Catastrophe Legislation & Regulation Property Risk Management

Storm Losses Dent P&C Sector Profits, Optimism Brews for 2025 Revival

Storm Losses Dent P&C Sector Profits, Optimism Brews for 2025 Revival

Severe convective storm losses—the highest in decades—significantly affected the 2023 net combined ratio for the property/casualty industry, according to the latest underwriting projections by Triple-I and Milliman actuaries.
November 2, 2023 Auto Catastrophe Legislation & Regulation Property Risk Management

Accounting for Similarities. What Stakeholders Believe The Institutes’ Affiliation with the IASA Can Deliver

Accounting for Similarities. What Stakeholders Believe The Institutes’ Affiliation with the IASA Can Deliver

The Malvern, Pa.-based Institutes’ latest affiliation promises to introduce the skills and experience of insurance accounting and systems administration professionals to a much wider audience.
November 2, 2023 Education & Training Risk Management Technology Pennsylvania

Unveiling Generative AI: A Game Changer for Customer Engagement

Unveiling Generative AI: A Game Changer for Customer Engagement

Generative AI enables the creation of sophisticated, personalized customer experiences in the insurance industry through intelligent communication.
November 1, 2023 Insurance Industry Risk Management Technology

2022 Sees a Dip in Uninsured Driving Rates Post-Pandemic Spike: IRC Report Reveals

2022 Sees a Dip in Uninsured Driving Rates Post-Pandemic Spike: IRC Report Reveals

About one out of seven U.S. drivers operated a private-passenger vehicle without liability insurance in 2022, according to new research by the Insurance Research Council (IRC), an affiliate of The Institutes.
November 1, 2023 Auto Insurance Industry Legislation & Regulation Risk Management

Unveiling the Three-Stage Digital Revolution in the Insurance Industry

Unveiling the Three-Stage Digital Revolution in the Insurance Industry

In an interview with Insurance Thought Leadership, Gaurav Garg from Oliver Wyman discusses the digital transformation in the insurance industry.
October 31, 2023 Auto Education & Training Liability Risk Management Technology
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