Navigating Construction Challenges and Emerging Trends
The construction industry faces rising costs, labor shortages, and the adoption of new technologies as it prepares for the future, requiring strategic planning and innovation to navigate these challenges effectively.
September 3, 2024
Litigation
Property
Risk Management
Technology
Wildfire Solutions: How Tech Entrepreneurs Are Innovating to Combat Flames
With wildfires intensifying due to climate change, tech startups in Silicon Valley are creating innovative solutions, from AI-driven forest management to automated firebreaks, to mitigate future risks.
September 3, 2024
Catastrophe
Property
Risk Management
Technology
California
Navigating the Intersection of ESG Principles and Risk Management in Modern Business
Integrating Environmental, Social, and Governance (ESG) principles with robust risk management strategies is key to fostering sustainable business practices, improving compliance, and enhancing long-term resilience in a volatile market.
August 28, 2024
Risk Management
Technology
Simplifying Insurance: Why Clear Language Matters More Than Buzzwords
The insurance industry is ripe with innovation, but the overuse of vague buzzwords like "transformation" and "disruption" dilutes meaningful progress. A call for precise and straightforward communication can better serve clients, investors, and the industry itself.
August 27, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Ransomware Claims Drive Severe Losses as Cyber Threats Surge in 2024
Resilience’s midyear 2024 report reveals ransomware as the leading cause of cyber losses, with a sharp increase in the severity of claims, largely driven by third-party risks and vendor failures.
August 26, 2024
Insurance Industry
Risk Management
Technology
Modernizing Freight Claims: The Carmack Amendment’s Role in Today’s Logistics
The Carmack Amendment has long served as a legal foundation for freight claims in the U.S., but evolving logistics and e-commerce trends challenge its relevance, necessitating fresh strategies for claims professionals.
August 26, 2024
Legislation & Regulation
Risk Management
Technology
Tennessee
Harnessing AI for Agricultural Insurance: Enhancing Risk Management and Claims Efficiency
AI is transforming agricultural insurance by enhancing risk management, improving claims processing, and optimizing resource use, benefiting both insurers and growers in an increasingly volatile climate.
August 26, 2024
Insurance Industry
Property
Risk Management
Technology
AI’s Rapid Adoption Amplifies Cyber Event Aggregation Risks, Guy Carpenter Reports
The growing use of AI, while beneficial, increases the risk of cyber event aggregation through expanded attack surfaces, data exposure, and software supply chain vulnerabilities, according to Guy Carpenter.
August 21, 2024
Insurance Industry
Liability
Risk Management
Technology
Understanding Gen Z’s Workplace Expectations for Future Leadership Success
Leaders must adapt to the growing presence of Gen Z in the workforce by recognizing their unique values, such as work-life balance, career growth, and diversity, to attract and retain top talent.
August 21, 2024
Education & Training
Insurance Industry
Risk Management
Technology
Vertical Integration in Healthcare: Impacts on Workers’ Compensation Costs and Medical Management
As vertical integration rises in healthcare, workers’ compensation professionals must navigate increased medical management costs and explore data-driven strategies to ensure favorable claim outcomes.
August 21, 2024
Risk Management
Technology
Workers' Compensation
UK Cyber Insurance Claims Drop as Businesses Opt for DIY Ransomware Recovery
Cyber insurance claims in the UK have dropped significantly between 2022 and 2024, as more businesses focus on their own recovery strategies, avoiding ransomware payments and boosting resilience.
August 20, 2024
Insurance Industry
Risk Management
Technology
Clearwater Cybersecurity Firm Duped by North Korean Hacker in Remote Work Scheme
A Clearwater cybersecurity firm unknowingly hired a North Korean hacker who used a stolen American identity and collaborated with a U.S.-based laptop farm to infiltrate the company, highlighting the risks associated with remote hiring practices.
August 19, 2024
Fraud
Litigation
Risk Management
Technology
Florida
Tennessee
Insurance Industry Braces for Major Hiring Boom in 2024
The insurance industry is gearing up for significant employment growth in 2024, with over half of companies planning to expand their workforce despite ongoing recruitment challenges.
August 19, 2024
Insurance Industry
Property
Technology
Underwriting
Traditional or Digital? Which Insurance Model Will Prevail?
As the insurance industry evolves, the debate intensifies: will established traditional insurers maintain dominance, or will innovative, digital-first companies lead the future by meeting evolving customer expectations?
August 19, 2024
Insurance Industry
Risk Management
Technology
Underwriting
Electric Vehicle Claims Spike Amid Market Shift in Q2 2024
In Q2 2024, U.S. and Canadian collision claims for electric vehicles saw significant increases, despite a downturn in EV sales. Hybrid vehicles also experienced rising claims frequency, highlighting shifting market dynamics.
August 15, 2024
Auto
Insurance Industry
Risk Management
Technology
California
