Rapid Growth in AI Adoption for Anti-Fraud Initiatives Predicted Through 2026

A new report forecasts a significant rise in AI and machine learning usage in anti-fraud programs, with a nearly threefold increase anticipated by 2026.
March 6, 2024 Fraud Insurance Industry Technology

The Evolution of Claims Handling: From Paper to Digital Mastery

The shift from paper-based processes to digital claims management marks a transformative era for adjusters, enhancing efficiency and customer service.
March 5, 2024 Education & Training Insurance Industry Technology

Ransomware Assault on Change Healthcare Leads to $22 Million Payment and Sector-Wide Alarm

The ransomware attack on Change Healthcare has not only disrupted US pharmacies but also sparked a potential $22 million ransom payment, raising concerns across the health care sector.
March 5, 2024 Fraud Life & Health Technology

Exploring the Impact of Physical Therapy on Workers’ Compensation and Beyond

Physical therapy (PT) is increasingly recognized for its clinical and economic benefits, offering significant savings and improved outcomes across the healthcare spectrum.
March 4, 2024 Insurance Industry Life & Health Technology Workers' Compensation

Construction Industry’s Quest for Safety Amidst Rising Risks and Market Demands

As construction risks climb, industry leaders focus on advanced mitigation strategies to protect workers and ensure project success.
March 4, 2024 Risk Management Technology Workers' Compensation

P&C Insurance Sector Faces Economic Uncertainty and Mixed Market Signals

Economic uncertainty affects the P&C insurance market with rate hikes, profitability shifts, and changing insurance availability.
March 4, 2024 Catastrophe Insurance Industry Technology

Justice Department Investigates Boeing After Alaska Air Flight Incident

The DOJ’s scrutiny of Boeing’s recent midair incident could lead to criminal charges, highlighting ongoing safety and regulatory challenges for the aerospace giant.
March 1, 2024 Legislation & Regulation Risk Management Technology

Majority of Organizations Face Repeat Ransomware Attacks, Study Reveals

Cybereason’s study indicates a worrying trend: 78% of ransom-paying firms are targeted again, often facing higher demands, underscoring the persistent threat.
March 1, 2024 Insurance Industry Risk Management Technology

Generative AI Revolutionizes P&C Insurance with Promising and Complex Future

Generative AI offers transformative potential for P&C insurance, promising significant value while posing challenges in adoption and governance.
February 29, 2024 Insurance Industry Risk Management Technology

Cybersecurity Challenges and Strategies in a Digital Age

Cyberattacks pose a daily threat to organizations, highlighting the need for advanced security measures and robust risk management.
February 29, 2024 Insurance Industry Risk Management Technology

Nationwide Cyberattack Disrupts Healthcare Payments and Patient Care

A cyberattack on Change Healthcare has caused significant disruptions, affecting hospitals, pharmacies, and patient care across the United States.
February 28, 2024 Life & Health Technology Texas

Navigating Privacy Concerns in Workers’ Comp Safety Tech Adoption

Effective strategies can transform employee skepticism into acceptance for workplace safety technologies.
February 27, 2024 Education & Training Risk Management Technology Workers' Compensation New Jersey

Berkshire Hathaway’s Insurance Sector Shines Amidst Overall Performance Caution

Warren Buffett’s latest annual report for Berkshire Hathaway may have tempered expectations for the conglomerate’s future "eye-popping performance," but the insurance sector, led by GEICO’s remarkable turnaround, provided a glimmer of profitability and growth amidst the caution.
February 26, 2024 Insurance Industry Property Risk Management Technology

UnitedHealth Group’s Subsidiary Hit by Suspected Nation-State Cyberattack

The healthcare industry faces a significant cybersecurity challenge as UnitedHealth Group’s subsidiary, Change Healthcare, falls victim to a cyberattack suspected to be orchestrated by government-backed hackers.
February 26, 2024 Insurance Industry Life & Health Technology Michigan

Record Climate Disasters Highlight Need for Predict & Prevent Strategy in Insurance

The record-breaking climate and weather disasters of 2023 underscore the urgent need for the insurance industry to adopt a Predict & Prevent approach to mitigate financial impacts and protect policyholders.
February 26, 2024 Catastrophe Property Risk Management Technology California Florida
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