GM Recalls 21,469 Cadillac Lyriq Models Due to Unexpected ABS Activation
General Motors recalls certain 2023-2024 Cadillac Lyriq models due to a potential defect in the ABS, which may activate unexpectedly and lead to a loss of brake pressure, increasing the risk of accidents.
August 14, 2024
Auto
Litigation
Risk Management
Technology
Michigan
SEC Targets NovaTech and Leaders in $650 Million Global Crypto Scheme
The SEC has charged NovaTech Ltd. and its principals with defrauding over 200,000 investors in a $650 million crypto scheme, targeting the Haitian-American community and relying on a multi-level marketing structure to solicit funds.
August 14, 2024
Fraud
Legislation & Regulation
Litigation
Technology
California
Florida
New York
AI Empowers Workers’ Comp Adjusters to Focus on Empathy and Human Connection
Integrating AI into workers’ compensation claims can free adjusters from routine tasks, allowing them to focus on empathy, creative problem-solving, and personalized support, ultimately benefiting both adjusters and injured workers.
August 14, 2024
Insurance Industry
Risk Management
Technology
Workers' Compensation
Federal Authorities Probe Fatal Tesla Cybertruck Crash and Fire in Texas
The National Highway Traffic Safety Administration is gathering information on a fatal crash involving a Tesla Cybertruck in Texas but has not launched a formal investigation.
August 14, 2024
Auto
Legislation & Regulation
Litigation
Technology
Texas
Aviation Industry Faces Repair Costs and Mechanic Shortages Despite Strong Recovery
The aviation sector sees positive growth and record passenger numbers, yet faces ongoing challenges including rising repair costs and a shortage of skilled mechanics, as revealed in Allianz Commercial’s latest report.
August 13, 2024
Insurance Industry
Risk Management
Technology
Microsoft Outage Exposes Global Cyber Vulnerabilities and Economic Risks
The recent Microsoft-CrowdStrike outage disrupted businesses worldwide, highlighting the importance of robust cybersecurity measures and proactive risk management strategies to prevent widespread economic and operational setbacks.
August 12, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Insurtech’s Quiet Revolution: Real Successes Behind the Headlines
Despite recent reports of its demise, insurtech is thriving within large carriers, driving innovation and competitive advantage through technologies like telematics, IoT, and data analytics.
August 12, 2024
Auto
Insurance Industry
Risk Management
Technology
Massive Data Breach Hits National Public Data, Exposing Nearly Three Billion Records
A breach at National Public Data has exposed 2.9 billion records, including names, addresses, and Social Security numbers, making it one of the largest data thefts ever reported.
August 8, 2024
Fraud
Litigation
Risk Management
Technology
California
Aviation Claims Soar Due to Collisions and Crashes, Reports Allianz
A recent report by Allianz Commercial reveals that collisions and crashes constitute over half of aviation insurance claims by value and a third by number over the past five years.
August 8, 2024
Insurance Industry
Risk Management
Technology
Balancing Topical and Systemic Pain Medications
Managing chronic pain involves choosing between topical and systemic medications, each with its own advantages and limitations in terms of safety, efficacy, and application.
August 7, 2024
Life & Health
Risk Management
Technology
Workers' Compensation
Grid Resilience and Innovation Partnerships Program Boosts US Power Infrastructure
The Grid Resilience and Innovation Partnerships (GRIP) Program, part of the Bipartisan Infrastructure Law, aims to enhance the resilience and reliability of the U.S. power grid against extreme weather and climate change.
August 7, 2024
Catastrophe
Legislation & Regulation
Property
Technology
Tech Giants Counter Delta Air Lines’ Blame Over Flight Cancellations
Delta’s claims against Microsoft and CrowdStrike are misleading, say tech giants.
August 7, 2024
Insurance Industry
Litigation
Risk Management
Technology
Georgia
Embracing Generative AI: A Pivotal Moment for the Insurance Industry
Insurance firms are increasingly adopting generative AI, which is transforming customer service, claims management, and overall operational efficiency.
August 7, 2024
Insurance Industry
Risk Management
Technology
AI Boosts Insurtech Financing Amid Deepfake Risks, Report Says
Global insurtech financing rose 40% to $1.27 billion in Q2, largely driven by AI-focused investments, according to reinsurance broker Gallagher Re.
August 7, 2024
Fraud
Insurance Industry
Risk Management
Technology
How AI is Revolutionizing Insurance Operations
Generative AI is transforming commercial insurance by reducing costs and increasing efficiency through improved risk selection and service capabilities.
August 7, 2024
Risk Management
Technology
Underwriting
