Jim Farley envisions Ford achieving level 3 autonomous driving within a few years, revolutionizing the auto industry and reclaiming time for drivers.

Digital solutions can significantly enhance the claims experience, but there remains a gap between customer preferences and current industry practices.

Carrier Management’s June 2024 edition of Risk Alerts brings attention to various emerging hazards, including falling space debris, prolonged megadroughts, toxins in bioplastics, vulnerable bridges, and the health impacts of climate change.

Fraud detection, historically reliant on human analysts, is being revolutionized by big data and advanced analytics, enabling automated and enhanced detection methods.

Doug Akerson of Munich Re discusses the challenges and innovations shaping the renewable energy sector, highlighting severe weather impacts and technological advancements.

Data breaches at Ticketmaster and Santander have been connected to attacks on cloud provider Snowflake, potentially indicating more widespread vulnerabilities that could impact other companies.

Snowflake’s data breach impacts Ticketmaster and numerous organizations, with hackers demanding $500,000 for stolen data.

Sun Life’s 2024 report reveals rising healthcare costs, with cancer and cardiovascular diseases leading high-cost claims. The analysis includes new high-cost injectable drugs and strategic recommendations for employers.

Chief Risk Officers (CROs) in life insurance will play a broader strategic role as insurers face complex challenges.

A recent Bloomberg Intelligence report warns insurers of potential severe space storms, capable of disrupting communications and power grids, posing greater risks than catastrophic hurricanes.

The emergence of 6-methyl nicotine in vapes, more potent than traditional nicotine, poses regulatory challenges as the FDA and researchers seek to understand its health impacts.

Leveraging AI and data science to predict healthcare costs can bring transparency and affordability, ensuring accessible healthcare for all.

At RISKWORLD 2024, Jeff Canfield of Ascot explores the potential of AI in underwriting, Ascot’s data-driven deal selection, and their approach to underwriting specialty risks.

A hacker group, RansomHub, has claimed responsibility for the recent cyberattack on Christie’s auction house. The attack disrupted the auction house’s website during a major event, forcing Christie’s to suspend online bidding.

Ransomware breaches can devastate insurance providers financially and reputationally. With attacks becoming more sophisticated, it’s crucial for providers to prevent data breaches proactively.