Insurance Industry Prioritizes Human-Centered AI for Ethical Innovation
At Triple-I’s 2024 Joint Industry Forum, experts highlighted AI’s transformative potential while stressing ethical implementation, collaboration, and regulatory preparedness.
December 19, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
North Dakota Grants Key Approval for Midwest CO2 Pipeline Storage
North Dakota regulators approved permits for underground carbon dioxide storage, a critical step for Summit Carbon Solutions’ Midwest pipeline project, despite ongoing opposition.
December 19, 2024
Legislation & Regulation
Property
Risk Management
Technology
Iowa
Minnesota
Nebraska
North Dakota
South Dakota
Millions of Homeowners Risk Being Underinsured for Detached Structures
AI-based analysis reveals nearly half of U.S. properties have overlooked secondary structures, highlighting risks for homeowners and insurers alike.
December 19, 2024
Property
Risk Management
Technology
Underwriting
California
Georgia
Montana
North Carolina
Rhode Island
Robin Roberson on How Agentic AI Is Reshaping Insurance Claims
Insurance Thought Leadership interviews Robin Roberson about how Agentic AI is transforming claims processes, automating manual tasks, and improving communication across the insurance ecosystem.
December 19, 2024
Insurance Industry
Risk Management
Technology
Oklahoma
Key Trends and Insights Shaping the Insurance Industry in 2024
In 2024, the insurance industry experienced strong growth, leveraged AI for innovation, addressed talent gaps, and adapted to shifting risk landscapes and customer needs.
December 19, 2024
Insurance Industry
Life & Health
Risk Management
Technology
Workers’ Comp Mega Claims Top $1 Billion Annually Amid Rising Costs and Frequency
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.
December 18, 2024
Insurance Industry
Risk Management
Technology
Workers' Compensation
The Rise of Agentic AI: Transforming Tasks and Decision-Making
Agentic AI moves beyond generative capabilities to execute tasks autonomously, reshaping industries like insurance, healthcare, and finance, with humans collaborating as managers of AI workflows.
December 18, 2024
Education & Training
Insurance Industry
Risk Management
Technology
District Of Columbia
Businesses Face Growing Pressure to Address Climate Risks
As climate risks increase due to more frequent and severe weather events, businesses must adopt resilient strategies to protect operations, assets, and supply chains.
December 16, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Senator Pushes FCC Cybersecurity Rules After Major Telecom Hack
In the wake of the Salt Typhoon hack, Senator Ron Wyden introduces the Secure American Communications Act to strengthen telecom cybersecurity regulations and protect U.S. networks.
December 12, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Global Insurance Fraud Detection Market to Hit $31.8 Billion by 2032
Fueled by AI, ML, and big data analytics, the global insurance fraud detection market is projected to grow at a CAGR of 25%, with strong demand from Europe, North America, and APAC.
December 12, 2024
Fraud
Insurance Industry
Risk Management
Technology
Driving Innovation in Insurance Claims Technology for 2025
The insurance industry is turning to advanced technologies like AI and specialized consultants to optimize claims processes, enhance efficiency, and maintain a competitive edge.
December 12, 2024
Insurance Industry
Risk Management
Technology
Insurance Faces Transformational Change in 2025 Amid Rising Costs and Evolving Risks
Insurers must adapt to rising operational costs, complex risks, and technological shifts as the industry evolves in 2025, Majesco reports.
December 12, 2024
Property
Risk Management
Technology
Krispy Kreme Faces Cyberattack, Disrupts Online Doughnut Orders
Krispy Kreme is dealing with the aftermath of a cyberattack affecting online ordering at some U.S. locations, potentially impacting revenue and operations as the company works to recover.
December 11, 2024
Insurance Industry
Liability
Risk Management
Technology
Sodium-Ion Batteries: A New Player in Energy Storage
Sodium-ion batteries offer a more affordable and eco-friendly alternative to lithium-ion technology, with potential applications in energy storage despite size limitations.
December 10, 2024
Property
Risk Management
Technology
North Carolina
Dynamic Pricing Transforms Insurance with Real-Time Premium Adjustments
Dynamic pricing powered by AI, IoT sensors, and telematics is revolutionizing insurance by enabling real-time premium adjustments based on market trends and customer behavior.
December 10, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Florida
