In the first half of 2024, hackers stole $1.38 billion from cryptocurrency platforms, double the amount stolen in the same period in 2023, according to TRM Insights.

Artificial intelligence is aiding insurers and employers in reducing workers comp costs by identifying difficult and fraudulent claims, but it remains a tool for claims handlers rather than a replacement.

The 2024 State of Risk and Compliance Report by NAVEX offers valuable insights from over 1,000 global R&C professionals, highlighting trends, challenges, and the impact of leadership and technology on compliance program maturity.

Following a wrongful arrest, Detroit Police Department faces new restrictions on the use of facial recognition technology, prohibiting arrests based solely on its results.

Despite ongoing cyber threats, the cyber insurance market offers favorable terms for buyers, driven by strong risk controls and pricing reductions.

A phishing attack against a subcontractor highlights the importance of cybersecurity in the construction industry.

A strategic approach to data management enhances business insights and growth.

Volkswagen and Toyota have issued recalls affecting over 400,000 SUVs due to air-bag issues, advising owners to limit certain vehicle uses until repairs are made.

Zyn, the popular nicotine pouch brand, has stopped online sales after receiving a subpoena from the District of Columbia’s attorney general regarding sales of flavored products.

A session at RISKWORLD 2024 highlighted how a proactive, data-driven approach to risk management can create an effective property loss control strategy.

The rise in cable thefts is occurring amidst significant efforts by major U.S. automakers to promote electric vehicles as a key strategy to combat climate change.

The insurance industry is transforming through digitization, enhancing collaboration, efficiency, and transparency among brokers, carriers, and customers.

In 2023, North America saw a surge in cyber insurance claims, with healthcare leading the sectors, driven by an increase in ransomware and cyber extortion events.

The excess and surplus insurance market is dynamically growing, providing major opportunities for insurtechs.

Many drivers are unaware that auto insurance companies may be receiving their driving data from commonly used apps, even if they haven’t signed up for usage-based insurance programs.