
Balancing Technology and Human Touch in Insurance Fraud Detection
Technology aids in spotting insurance fraud, but human expertise remains crucial to ensure accuracy and maintain consumer trust.
July 22, 2024
Fraud
Insurance Industry
Risk Management
Technology

The Benefits of AI and Skills-Based Hiring in the Modern Workforce
Skills-based hiring and salary levels can lead to better results and access to a wider talent pool as AI accelerates the pace of change.
July 19, 2024
Education & Training
Insurance Industry
Risk Management
Technology

Tennessee Raises Standards for Data Breach Class Actions
Tennessee’s new law, Public Chapter 991, requires plaintiffs to prove "willful and wanton misconduct or gross negligence" in data breach class action cases, moving beyond simple negligence.
July 19, 2024
Legislation & Regulation
Litigation
Risk Management
Technology
Tennessee

NCCI Report Highlights Profitability and Challenges in Workers’ Compensation Insurance
The NCCI reports sustained profitability in private workers’ compensation insurance, with a combined ratio of 86 for the past two years and below 90 for seven consecutive years.
July 19, 2024
Insurance Industry
Risk Management
Technology
Workers' Compensation

Niches: The Future of the Insurance Market?
Skyward Specialty’s CEO Andrew Robinson shares insights on the power of focusing on niche markets in insurance.
July 19, 2024
Insurance Industry
Risk Management
Technology
Underwriting
California

Disney’s 1.1 TB Slack Data Breach Exposed by Hackers
Hackers claim to have stolen and leaked over a terabyte of Disney’s internal Slack messages and files.
July 19, 2024
Fraud
Insurance Industry
Litigation
Technology

Keys to Successful Digital Transformation for Insurance Firms
Assessing the market, balancing technology and business, and committing to growth are key steps in successful digital transformation.
July 17, 2024
Life & Health
Risk Management
Technology
Underwriting

Rite Aid Data Breach Impacts 2.2 Million Customers
Rite Aid, the third-largest US drug store chain, revealed that a data breach exposed sensitive information of over 2.2 million customers, including names, addresses, birth dates, and driver’s license numbers.
July 16, 2024
Insurance Industry
Litigation
Risk Management
Technology
Maine
Massachusetts
Oregon
Vermont

Investment in GenAI Pressures Other IT Projects
Generative AI investments are surging, squeezing other IT projects as companies aim for higher ROI and digital transformation.
July 16, 2024
Insurance Industry
Risk Management
Technology

Understanding 2024 Insurance Industry Priorities: AI, Climate Change, and Inflation Lead the Way
The 2024 Global Priorities Report from the IIS highlights key concerns for insurance executives, including artificial intelligence, climate change, inflation, and cybersecurity, along with strategies for operational efficiency and growth opportunities.
July 16, 2024
Insurance Industry
Risk Management
Technology

Understanding Hurricane Categories: Why Even "Weaker" Storms Can Be Dangerous
While often dismissed, Category 1 hurricanes and tropical storms can cause significant damage and fatalities, emphasizing the need for a comprehensive understanding of storm impacts beyond mere wind strength.
July 15, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Florida
Louisiana
New York
Texas

Nearly 300,000 Without Power in Texas One Week After Hurricane Beryl
Hundreds of thousands of Texans remain without power one week after Hurricane Beryl caused widespread damage. Gov. Greg Abbott has demanded an explanation from Houston’s main electricity supplier.
July 15, 2024
Catastrophe
Legislation & Regulation
Risk Management
Technology
Texas

AT&T Pays Hacker $370,000 to Delete Stolen Customer Data
AT&T paid a hacker $370,000 to delete stolen call and text records of millions of customers. The hacker, part of the ShinyHunters group, claims to have wiped the only complete dataset, but some risks remain.
July 15, 2024
Fraud
Litigation
Risk Management
Technology

Hurricane Beryl Estimated to Cause $3.3 Billion in Insured Losses Across the Americas
Hurricane Beryl is estimated to have caused $3.3 billion in insured losses, with $2.7 billion in the U.S., $510 million in the Caribbean, and $90 million in Mexico.
July 11, 2024
Catastrophe
Insurance Industry
Property
Technology
Texas

Insurers Gained $50 Billion From Medicare for Untreated Diseases
Medicare Advantage insurers received $50 billion from questionable diagnoses, including diseases like diabetic cataracts and HIV, for conditions that were not treated or didn’t exist.
July 8, 2024
Fraud
Insurance Industry
Legislation & Regulation
Technology
Alabama
Arizona
Florida
Georgia
Massachusetts



