Rising Auto Premiums Linked to Natural Disasters, Inflation, and Social Factors
Auto insurance premiums are climbing due to labor/material costs, natural disasters, and social inflation, with industry challenges sparking rate hikes.
March 18, 2024
Auto
Catastrophe
Risk Management
Technology
California
Florida
Drone Technology Revolutionizes Insurance Sector with Enhanced Imaging and Efficiency
As drone technology advances, insurance companies leverage these tools for more accurate risk assessment, fraud reduction, and efficiency improvements, marking a significant shift in industry practices.
March 15, 2024
Fraud
Risk Management
Technology
Michigan
The Gladstone Blueprint: A Comprehensive Strategy for Advanced AI Security and Safety
The Gladstone Action Plan outlines critical steps to ensure the safe development and adoption of advanced AI, addressing emerging national security risks.
March 14, 2024
Legislation & Regulation
Risk Management
Technology
Ransomware’s Rising Impact: The Urgent Need for Comprehensive Cyber Resilience Strategies
With ransomware attacks becoming more sophisticated, businesses must enhance their defenses and reject paying ransoms to ensure comprehensive protection.
March 14, 2024
Education & Training
Insurance Industry
Risk Management
Technology
Insurance Rates Influenced by Data from ’Connected’ Cars, Drivers Unaware
Your internet-connected vehicle may be monitoring driving habits and sharing this data with insurance companies, affecting premium rates.
March 14, 2024
Auto
Insurance Industry
Technology
The Evolving Role of Underwriters in the Age of Artificial Intelligence
In the era of AI, underwriters are transitioning from manual tasks to more strategic roles, requiring new skills in data analysis and creativity.
March 14, 2024
Education & Training
Risk Management
Technology
Underwriting
Roku Data Breach Exposes Thousands of Accounts to Unauthorized Subscription Purchases
Over 15,000 Roku users were affected by a data breach, leading to unauthorized subscription purchases and account hijackings from December 2023 to February 2024.
March 13, 2024
Fraud
Insurance Industry
Risk Management
Technology
California
Maine
New York Car Theft Ring Dismantled in Major Law Enforcement Operation
Nine members of a sophisticated car theft ring in Westchester County, NY, have pleaded guilty, marking a significant victory for law enforcement against organized crime.
March 13, 2024
Auto
Fraud
Legislation & Regulation
Technology
New York
Pennsylvania
Authors File Lawsuit Against Nvidia for Copyright Infringement in AI Training
Nvidia is sued by authors over unauthorized use of copyrighted books in training its NeMo AI platform, highlighting copyright issues in AI development.
March 12, 2024
Litigation
Technology
California
Lloyd’s Reports on Generative AI’s Growing Impact on Cybersecurity Risks
Lloyd’s examines the escalating challenges and opportunities GenAI presents to cybersecurity, urging the insurance sector to adapt promptly.
March 12, 2024
Insurance Industry
Risk Management
Technology
Microsoft Faces Renewed Cyber Threats from Alleged Russian Hackers
Microsoft battles advanced cyberattacks by Russian group Midnight Blizzard, raising concerns over national security and the integrity of tech infrastructure.
March 11, 2024
Legislation & Regulation
Risk Management
Technology
Revolutionizing Insurance Claims Handling with Artificial Intelligence
AI in insurance claims processing enhances efficiency, reduces costs, and improves fraud detection, offering a better customer experience and streamlining operations.
March 11, 2024
Fraud
Risk Management
Technology
Industry Leaders Highlight the Importance of Insurance Designations in Professional Development
Insurance professionals are turning to CPCU and ARM designations to navigate complex industry challenges and enhance their expertise.
March 8, 2024
Education & Training
Insurance Industry
Risk Management
Technology
Addressing the Surge in Construction Industry Risks Amid Growth and Labor Shortages
As the construction industry faces labor shortages and cost escalations, the focus sharpens on risk management and insurance strategies to control rising expenses.
March 8, 2024
Education & Training
Risk Management
Technology
Workers' Compensation
Toyota Announces Major Recall for Tacoma Trucks Over Axle Safety Concerns
Toyota is recalling approximately 380,000 Tacoma trucks due to a potential axle shaft separation that could impair vehicle stability and brake performance.
March 6, 2024
Auto
Risk Management
Technology
