A 30-hour iPipeline outage over Labor Day weekend disrupted new business operations for Life & Annuity carriers, underscoring the evolving risks in third-party technology reliance.

Social inflation is driving commercial casualty losses up by 11% over five years. Explore three key strategies—data utilization, early case assessment, and advanced technology—to manage this growing challenge.

The Department of Justice filed its first False Claims Act lawsuit under the Civil Cyber-Fraud Initiative, targeting contractors accused of noncompliance with DoD cybersecurity requirements.

Aon’s 2024 survey reveals that most business leaders are struggling to adapt to key megatrends, including trade, technology, climate, and workforce changes, to better manage risk.

Artificial intelligence is reshaping insurance by enhancing risk assessment, improving customer experience, and streamlining operations. However, ethical challenges, regulatory hurdles, and high costs remain obstacles.

Skyline Partners’ FatTrack trigger mechanism led to a swift payout under a parametric insurance policy for Jamaican farmers after Hurricane Beryl, highlighting its efficiency in handling weather-based claims.

AI is transforming insurance fraud detection, with leading companies like State Farm, Ping An, and IBM developing cutting-edge algorithms to identify fraudulent claims and protect insurers.

The Insurance Information Institute’s white paper emphasizes the crucial role of property and casualty insurers in leading the ethical development and application of artificial intelligence.

Implementing early case assessment strategies is crucial for claims departments looking to reduce unnecessary litigation and lower overall costs. Discover five proven tactics to streamline your ERA process and improve outcomes.

The construction industry faces rising costs, labor shortages, and the adoption of new technologies as it prepares for the future, requiring strategic planning and innovation to navigate these challenges effectively.

With wildfires intensifying due to climate change, tech startups in Silicon Valley are creating innovative solutions, from AI-driven forest management to automated firebreaks, to mitigate future risks.

Integrating Environmental, Social, and Governance (ESG) principles with robust risk management strategies is key to fostering sustainable business practices, improving compliance, and enhancing long-term resilience in a volatile market.

The insurance industry is ripe with innovation, but the overuse of vague buzzwords like "transformation" and "disruption" dilutes meaningful progress. A call for precise and straightforward communication can better serve clients, investors, and the industry itself.

Resilience’s midyear 2024 report reveals ransomware as the leading cause of cyber losses, with a sharp increase in the severity of claims, largely driven by third-party risks and vendor failures.

The Carmack Amendment has long served as a legal foundation for freight claims in the U.S., but evolving logistics and e-commerce trends challenge its relevance, necessitating fresh strategies for claims professionals.