Texas Accuses Allstate of Illegally Using Driver Data to Raise Insurance Rates
Texas has sued Allstate, claiming it illegally gathered sensitive driver data without consent, used it for underwriting, and sold it to third parties, violating state privacy laws.
January 14, 2025
Auto
Legislation & Regulation
Litigation
Technology
Texas
Systemic Cyber Risk: Assessing Aggregation in Healthcare and Maritime Industries
The Lloyd’s Market Association introduces a framework for evaluating systemic cyber risks, focusing on healthcare and maritime industries, to aid insurers in risk management.
January 13, 2025
Insurance Industry
Risk Management
Technology
Navigating Legacy System Modernization in Insurance
Insurance firms must decide between building new systems or enhancing legacy platforms through "wrapping" as digital transformation reshapes the industry.
January 13, 2025
Education & Training
Insurance Industry
Risk Management
Technology
Emerging Insurance Trends Redefining Claims Management in 2025
Discover the top claims and risk management trends for 2025, including AI-driven solutions, cyber insurance evolution, wearables in the workplace, and enhanced catastrophe response.
January 13, 2025
Catastrophe
Risk Management
Technology
Workers' Compensation
Key Steps to Mitigate Cyber and Liability Risks When Adopting Generative AI
Generative AI promises cost savings and efficiency, but businesses must carefully navigate risks like liability, cyber vulnerabilities, and data privacy before implementation.
January 13, 2025
Liability
Risk Management
Technology
Adjusting to Change: Embracing AI in Workers’ Compensation Claims
Artificial intelligence is reshaping workers’ compensation, offering faster claims resolution and fairer settlements, but overcoming resistance from seasoned adjusters remains a challenge.
January 8, 2025
Litigation
Risk Management
Technology
Workers' Compensation
How Manufacturers Can Safeguard Against the Rising Threat of Cyberattacks
Manufacturers face increasing cyber risks as digital systems grow more integral. Learn how to mitigate vulnerabilities and protect your operations from financial fallout.
January 7, 2025
Liability
Risk Management
Technology
The Insurance Revolution: Personalized Policies and Near-Instant Claim Approvals
Insurance companies are adopting AI, blockchain, and automation to simplify claims processes, aiming to deliver personalized policies and faster approvals for customers.
January 6, 2025
Auto
Risk Management
Technology
US Sanctions Chinese Cybersecurity Firm Over Ties to State-Sponsored Hacking
The Treasury has sanctioned Beijing-based Integrity Tech for supporting Flax Typhoon, a state-sponsored cyber group linked to U.S. critical infrastructure breaches.
January 6, 2025
Legislation & Regulation
Liability
Risk Management
Technology
Tesla Data Key in Las Vegas Truck Explosion Probe, Sparks Privacy Debate
Tesla’s detailed vehicle data helped police investigate a deadly Las Vegas explosion, but experts warn that the advanced tracking capabilities pose serious privacy risks.
January 6, 2025
Legislation & Regulation
Liability
Technology
Nevada
How AI is Revolutionizing Insurance in 2025
The insurance industry is entering a transformative era as AI moves from isolated pilots to enterprise-wide implementations, reshaping claims, customer service, and underwriting processes.
January 6, 2025
Insurance Industry
Property
Risk Management
Technology
Senior Treasury Officials’ Computers Hacked in Cybersecurity Breach
Chinese state-backed hackers reportedly accessed unclassified files on senior U.S. Treasury leaders’ computers in a major breach involving a federal software provider.
January 3, 2025
Insurance Industry
Litigation
Risk Management
Technology
Global Flood Losses in 2024 Reach $18.2 Billion as CRESTA Integrates Into PERILS
Flooding caused 78% of global catastrophe losses in 2024, totaling $18.2 billion. CRESTA integrates its loss index into PERILS for streamlined reporting starting January 2025.
January 3, 2025
Catastrophe
Insurance Industry
Risk Management
Technology
The Insurance Gold Rush: How Digital Nomads Are Redefining Global Coverage
The rise of remote work and international hiring is driving innovation and growth in commercial insurance, offering tailored solutions to meet the diverse needs of a global workforce.
January 3, 2025
Insurance Industry
Life & Health
Risk Management
Technology
How New Technology and Standards Are Transforming Insurance Modeling Practices
New accounting standards like IFRS 17, coupled with advanced technologies such as AI, are reshaping insurance modeling, offering operational savings and strategic insights.
January 3, 2025
Insurance Industry
Legislation & Regulation
Risk Management
Technology
