Water damage from pipe faults was the second-leading cause of homeowners’ insurance claims in 2016, according to the Insurance Information Institute -- and thanks to digital disruption of the industry, it’s also one of the easiest areas to begin to reduce that burden on carriers.

Boards need to reappraise their approaches to risk management to take full advantage of the opportunities presented by the so-called Fourth Industrial Revolution, according to a new report for Airmic prepared by the CASS Business School.

Property and casualty claims involve a delicate balance between pace and precision. If you move too quickly, then you may miss critical information. If you dive too deep, then you may wind up compromising customer experience and personal productivity, with no real benefit to anyone.

Insurance executives who wonder if artificial intelligence should be a top priority for their company might want to consider the following: “AI is one of the most important things that humanity is working on."

Months post-Hurricane Maria, life on Puerto Rico still hasn’t returned to normal with parts of the island lacking power, and water systems that have not yet been restored.

The Institutes, the leading education and research provider for the risk management and property-casualty insurance industry, today announced it has acquired Claims and Litigation Management (CLM), a professional association in the claims resolution and litigation management industries with 45,000 members, and Claims Pages, a comprehensive online news and reference source for more than 200,000 insurance claims professionals. The deal closed on June 1, 2018.

NFL teams are constantly bombarded with data. Since 2014, the NFL has been collecting in-game player tracking data through tiny sensors in the shoulder pads of every single NFL player in all 32 teams.

Uber had disabled an emergency braking system in a self-driving vehicle that struck and killed a woman in Arizona in March after failing to identify the pedestrian, the National Transportation Safety Board said in a preliminary report released on Thursday.

Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday.

Data increasingly shows that the cost of a massive cyberattack can be more costly than a hurricane.

Nearly a third of consumers would be open to purchasing insurance from big tech firms such as Amazon and Apple, according to the new World Insurance Report 2018 from Capgemini in collaboration with Efma.

The large body of regulations known as maritime law should be addressed before or in concert with insurance considerations when it comes to autonomous vessels, British Columbia-based author Blake Desaulniers told Canadian Underwriter last week.

Police said the driver who crashed her Tesla into the back of a stopped fire truck in Utah last week had her hands off the steering wheel at the time, confirming the woman’s claim that vehicle’s Autopilot feature was engaged.

The 2018 Atlantic hurricane season will officially begin on June 01. For the six months following, the country will be on high storm alert and many will have their fingers crossed the relatives of Hurricanes Harvey, Irma and Maria decide not to make landfall in 2018.

NHTSA said in a statement it was “gathering information on the tragic crash in Fort Lauderdale, Florida to understand all of the facts. The agency will take appropriate action based on its review.”