New York general hospitals must now comply with cybersecurity regulations aimed at protecting patient data, requiring risk assessments, staff training, and incident reporting within 72 hours of a breach.
As AI’s influence in advertising grows, both large and small businesses face new liability risks, especially in relation to Commercial General Liability policies. Insurers must prepare for emerging challenges, including chatbot misuse and privacy breaches.
Despite the increasing accuracy of hurricane forecasts, meteorologists are facing growing threats, conspiracy theories, and public distrust fueled by misinformation on social media.
AI, cloud computing, and data-driven platforms offer insurers an agile way to modernize claims processes, enabling incremental improvements while enhancing customer experience and reducing costs.
ICEYE’s initial data suggests that Hurricane Milton has caused damage to as many as, or more than, 150,000 buildings in Florida, a count that rivals Hurricane Helene’s impact. Early loss estimates range from $15 billion to $40 billion.
With the insurance industry facing a major talent gap, AI and generative AI can enhance underwriting efficiency by mimicking the expertise of top professionals, leading to better policies and profitability.
Technology, media, and telecom companies face both opportunities and challenges as they navigate innovations in AI, 5G, and cybersecurity, while grappling with regulatory and geopolitical risks, a WTW survey finds.
Generative AI has the potential to revolutionize the insurance industry by streamlining operations, enhancing customer service, and improving risk management. However, insurers must address ethical, regulatory, and data challenges to fully unlock its benefits.
A proposed class action accuses Sterling Mets, L.P., the company behind Citi Field, of illegally collecting and sharing visitors’ biometric data using facial recognition technology, violating New York City’s biometrics law.
Ransomware severity spiked, driving a 14% increase in claims, while AI contributed to rising business email compromise cases in the first half of 2024.
A cyberattack on American Water, the largest U.S. regulated water utility, has paused billing services and renewed concerns over the security of critical infrastructure.
As heatwaves and air pollution intensify, employers must adopt protective measures to ensure the health and safety of outdoor workers, reducing accidents and costly business interruptions.
The Waffle House Index, a quirky yet reliable gauge of storm severity, shows widespread closures across Florida as Hurricane Milton approaches, warning of significant damage and disruption.
Florida officials are cautioning residents about the potential fire hazards posed by lithium-ion batteries in EVs and other devices, urging proactive steps to prevent accidents as Hurricane Milton approaches.
Fred Durst and Limp Bizkit have filed a lawsuit against Universal Music, seeking $200 million in unpaid royalties and the return of their copyrights, alleging the label systematically withheld payments owed to the band.