Cybercrime on the Rise: Most Americans Report Scam Attempts
A recent report highlights that nearly all Americans have been targeted by digital scams, with billions lost annually to sophisticated cybercrime schemes.
November 15, 2024
Fraud
Insurance Industry
Risk Management
Technology
AI Revolutionizes Hurricane Forecasting with Unprecedented Accuracy
AI weather models like GraphCast demonstrated remarkable accuracy during this hurricane season, outperforming traditional models in predicting storm tracks but facing challenges with intensity forecasting.
November 15, 2024
Catastrophe
Risk Management
Technology
Louisiana
Texas
How AI is Changing Medicare Advantage Claims Denials in Healthcare
AI is reshaping Medicare Advantage claim approvals, raising concerns among healthcare providers over denial rates. As technology automates prior authorization, hospitals and patients face delays and challenges in accessing essential care.
November 14, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Technology
Connecticut
GM Issues Recall on Diesel Pickups and SUVs Over Rear Wheel Lock-Up Risk
General Motors is recalling nearly 462,000 Chevrolet, GMC, and Cadillac vehicles with diesel engines due to a defect in the transmission control valve that could cause rear wheels to lock up, raising crash risks.
November 14, 2024
Auto
Legislation & Regulation
Risk Management
Technology
UK Class Action Alleges Apple Monopolizes Data Storage, May Face Billions in Damages
Apple faces a UK class action alleging it unfairly dominates the data storage market by limiting consumer options for external storage. The lawsuit, filed in London, seeks up to £3 billion in damages and highlights ongoing concerns over monopolistic practices by tech giants.
November 14, 2024
Legislation & Regulation
Litigation
Risk Management
Technology
Tesla Cybertruck Recall of 2,400 Units Marks Sixth This Year
Tesla recalls 2,400 Cybertrucks in the U.S. over a faulty driver inverter that could cause loss of power, raising crash risks. This latest issue, which affects Cybertrucks manufactured through July 30, follows several other recalls issued in 2024.
November 14, 2024
Auto
Legislation & Regulation
Risk Management
Technology
Insurers Accelerate AI Adoption, Face Compliance and System Modernization Hurdles
Earnix’s 2024 Trends Report reveals insurers are increasingly adopting AI for real-time data analytics while confronting hurdles like legacy system upgrades, regulatory compliance, and operational delays. Insights highlight insurers’ progress and gaps as they navigate technology-driven transformation.
November 11, 2024
Insurance Industry
Property
Technology
How to Tell When Your SSE Solution is Holding Back Your Cybersecurity
As cyber threats evolve, outdated security service edge (SSE) solutions may fail to provide the protection, performance, and cost-efficiency modern businesses need. Here are the top indicators that your SSE platform might need an upgrade to stay effective.
November 11, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Embedded Insurance Gains Ground as a Key Growth Driver
Embedded insurance is reshaping the insurance industry, bringing coverage to consumers through everyday transactions and bridging the protection gap. With innovations in auto and mobility sectors, this approach aims to reach underserved customers, offering tailored solutions seamlessly integrated into purchases.
November 7, 2024
Auto
Insurance Industry
Risk Management
Technology
Insurance Industry’s AI Progress: How Insurers Measure Up and What’s Next
While insurance ranks high in AI innovation, new research reveals the industry’s untapped potential to maximize AI-driven revenue and operational efficiency. With improvements in core functions like claims and underwriting, insurers are well-positioned yet still falling short in areas that could elevate them as AI leaders.
November 5, 2024
Insurance Industry
Technology
Underwriting
Insurers Navigate Risks and Opportunities in 2024 Global Report
The 2024 Global Insurance Report explores key shifts in the insurance sector, including market volatility, regulatory risks, low-carbon investments, and expanding private market exposure across various regions.
November 5, 2024
Life & Health
Property
Risk Management
Technology
Innovative AI Solution Takes Aim at Gun Violence Prevention
ZeroEyes, a tech company backed by The Institutes’ Predict & Prevent podcast, has developed AI-powered gun detection technology that combines human verification to curb gun violence. Through partnerships with schools and businesses, this system aims to protect communities, delivering alerts and minimizing bias by focusing solely on weapon detection.
November 5, 2024
Education & Training
Insurance Industry
Liability
Risk Management
Technology
Hailstorms Drive Record Insurance Losses as Experts Push for Better Detection and Prediction
Severe hailstorms in the U.S. have led to record insurance losses, with hail damage growing due to rising urbanization, climate change, and frequent severe convective storms. Enhanced monitoring projects promise insights to mitigate future risks.
November 5, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Colorado
Texas
Parametric Reputation Risk Insurance Expands to Cover "Metaphorical" Catastrophes
The 4-M parametric model, widely used for natural disaster insurance, is now being adapted to cover reputation risks, allowing businesses to mitigate financial impacts from reputational crises as effectively as from physical catastrophes.
October 30, 2024
Insurance Industry
Liability
Risk Management
Technology
Colorado
Embedded Insurance: The Key to Seamless Coverage for On-Demand Drivers
The on-demand economy is booming, yet drivers still face challenges accessing tailored auto insurance. Embedded insurance offers a seamless solution, streamlining coverage for the modern gig workforce.
October 30, 2024
Auto
Insurance Industry
Risk Management
Technology
