Adapting to Virtual Construction Litigation: New Challenges and Prospects
The shift to virtual proceedings has reshaped construction litigation, offering cost savings and accessibility but also posing new challenges in case management, claims processing, and professional interactions.
October 30, 2024
Litigation
Technology
New Cyber Risk Management Certification by The Institutes Aims to Strengthen Cyber Security Expertise
The Institutes have introduced the Associate in Cyber Risk Management (ACRM) designation to equip risk managers, underwriters, and brokers with advanced knowledge and skills in managing cyber risks, a top concern for modern businesses.
October 28, 2024
Education & Training
Insurance Industry
Risk Management
Technology
Fraud Costs for SNAP Agencies Soar, Driven by EBT Skimming and System Complexities
The latest LexisNexis "True Cost of Fraud" Study highlights increasing fraud costs in SNAP programs, emphasizing the impacts of EBT skimming, integrated eligibility systems, and operational delays on both staff and beneficiaries.
October 23, 2024
Fraud
Legislation & Regulation
Risk Management
Technology
Strengthening Cybersecurity to Combat Evolving Digital Threats
As cyberattacks grow in frequency and complexity, organizations must adopt a modern approach to cybersecurity. By focusing on education, risk assessment, and prevention, businesses can stay ahead of evolving threats.
October 23, 2024
Education & Training
Insurance Industry
Risk Management
Technology
FAA Finalizes Training and Certification Rules for Air Taxi Pilots, Paving the Way for Urban eVTOL Flights
The FAA’s new pilot certification and training rules for air taxis mark a major step toward the deployment of electric vertical takeoff and landing (eVTOL) aircraft, with companies eyeing 2025 for passenger services.
October 23, 2024
Legislation & Regulation
Risk Management
Technology
California
New York
Caught Red-Handed: Watch This Shocking Insurance Scam Unravel Thanks to a Dash Cam
A brazen insurance fraud attempt on a busy Queens highway was foiled by a dash cam, capturing every moment the scammers realized their scheme was being recorded—proof that a dash cam could save you from a costly setup.
October 21, 2024
Auto
Fraud
Litigation
Technology
New York
New Cybersecurity Requirements Now in Effect for New York General Hospitals
New York general hospitals must now comply with cybersecurity regulations aimed at protecting patient data, requiring risk assessments, staff training, and incident reporting within 72 hours of a breach.
October 21, 2024
Legislation & Regulation
Life & Health
Risk Management
Technology
New York
AI in Advertising Raises Liability Concerns as Generative Technology Expands
As AI’s influence in advertising grows, both large and small businesses face new liability risks, especially in relation to Commercial General Liability policies. Insurers must prepare for emerging challenges, including chatbot misuse and privacy breaches.
October 17, 2024
Legislation & Regulation
Liability
Risk Management
Technology
California
Hurricane Forecasts Face Backlash as Meteorologists Battle Misinformation and Threats
Despite the increasing accuracy of hurricane forecasts, meteorologists are facing growing threats, conspiracy theories, and public distrust fueled by misinformation on social media.
October 17, 2024
Catastrophe
Risk Management
Technology
Alabama
Florida
Iowa
North Carolina
How AI and Cloud Technology Drive Agile Claims Transformation
AI, cloud computing, and data-driven platforms offer insurers an agile way to modernize claims processes, enabling incremental improvements while enhancing customer experience and reducing costs.
October 15, 2024
Insurance Industry
Risk Management
Technology
Hurricane Milton’s Impact on Florida Buildings Matches or Exceeds Hurricane Helene’s
ICEYE’s initial data suggests that Hurricane Milton has caused damage to as many as, or more than, 150,000 buildings in Florida, a count that rivals Hurricane Helene’s impact. Early loss estimates range from $15 billion to $40 billion.
October 14, 2024
Catastrophe
Insurance Industry
Property
Technology
Florida
AI’s Role in Solving the Underwriting Talent Shortage
With the insurance industry facing a major talent gap, AI and generative AI can enhance underwriting efficiency by mimicking the expertise of top professionals, leading to better policies and profitability.
October 14, 2024
Insurance Industry
Risk Management
Technology
Underwriting
Innovation Driving the Future of Technology, Media, and Telecom
Technology, media, and telecom companies face both opportunities and challenges as they navigate innovations in AI, 5G, and cybersecurity, while grappling with regulatory and geopolitical risks, a WTW survey finds.
October 14, 2024
Litigation
Risk Management
Technology
How Generative AI Is Transforming the Insurance Industry
Generative AI has the potential to revolutionize the insurance industry by streamlining operations, enhancing customer service, and improving risk management. However, insurers must address ethical, regulatory, and data challenges to fully unlock its benefits.
October 11, 2024
Fraud
Insurance Industry
Risk Management
Technology
Colorado
Citi Field Faces Class Action Over Alleged Illegal Use of Facial Recognition Technology
A proposed class action accuses Sterling Mets, L.P., the company behind Citi Field, of illegally collecting and sharing visitors’ biometric data using facial recognition technology, violating New York City’s biometrics law.
October 11, 2024
Legislation & Regulation
Liability
Litigation
Technology
New York
