Insurance companies are leveraging AI to combat claims fraud while grappling with criminals using the same tools to exploit vulnerabilities, driving an urgent need for innovation.
Harmonic distortion is a hidden electrical issue that strains appliances, raises fire risks, and may soon drive up home insurance rates in areas near high-energy data centers.
Technology empowers insurance agencies to serve small and medium-sized businesses by automating processes, improving coverage accuracy, and personalizing customer experiences.
Artificial intelligence and telematics are reshaping auto insurance by enabling dynamic, behavior-based premiums, improving road safety, and enhancing customer experiences.
Innovative 3D printing technology is reshaping residential and commercial construction, offering faster, cost-effective, and sustainable solutions to address the housing shortage.
A 7-year-old boy is recovering from open-heart surgery after being struck by a drone during a holiday show at Lake Eola in Orlando, prompting an FAA investigation into the incident.
The Consumer Financial Protection Bureau has sued JPMorgan Chase, Bank of America, and Wells Fargo, alleging insufficient protections against fraud on the Zelle payment platform, impacting consumers nationwide.
Recent satellite studies reveal ground sinking up to 8 cm in parts of Miami Beach, Sunny Isles Beach, and Surfside, potentially impacting structural stability of buildings.
At Triple-I’s 2024 Joint Industry Forum, experts highlighted AI’s transformative potential while stressing ethical implementation, collaboration, and regulatory preparedness.
Insurance Thought Leadership interviews Robin Roberson about how Agentic AI is transforming claims processes, automating manual tasks, and improving communication across the insurance ecosystem.
In 2024, the insurance industry experienced strong growth, leveraged AI for innovation, addressed talent gaps, and adapted to shifting risk landscapes and customer needs.
Mega workers’ compensation claims, exceeding $2 million each, are climbing in frequency and cost, accounting for over $1 billion annually despite representing less than 0.1% of all claims.