Proactive Strategies for Property Loss Control
A session at RISKWORLD 2024 highlighted how a proactive, data-driven approach to risk management can create an effective property loss control strategy.
June 19, 2024
Insurance Industry
Property
Risk Management
Technology
Copper Cable Theft Plagues EV Charging Stations
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.
June 19, 2024
Insurance Industry
Property
Risk Management
Technology
Arizona
California
Colorado
Illinois
Nevada
Digitization Revolutionizes the Insurance Industry
The insurance industry is transforming through digitization, enhancing collaboration, efficiency, and transparency among brokers, carriers, and customers.
June 19, 2024
Insurance Industry
Property
Risk Management
Technology
Record-Breaking Year for Cyber Insurance Claims in North America
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.
June 18, 2024
Insurance Industry
Risk Management
Technology
Unlocking Potential in the E&S Insurance Market
The excess and surplus insurance market is dynamically growing, providing major opportunities for insurtechs.
June 18, 2024
Excess & Surplus Lines
Insurance Industry
Technology
Underwriting
New York
Common Apps May Share More Driver Data with Insurers Than Expected
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.
June 17, 2024
Auto
Insurance Industry
Risk Management
Technology
Connecticut
New Jersey
Texas
Gemini and NY Attorney General Reach $50M Settlement
Gemini has reached a $50 million settlement with the New York Attorney General’s office, resolving allegations of defrauding investors.
June 14, 2024
Fraud
Legislation & Regulation
Litigation
Technology
New York
Apple Faces Class Action Lawsuit for Alleged Gender Pay Disparities
A class action lawsuit filed in California accuses Apple of systematically underpaying women compared to men, despite the company’s public commitment to diversity and equality.
June 14, 2024
Insurance Industry
Legislation & Regulation
Litigation
Technology
California
Business Owners Express Concern Over Insurance Coverage
A recent Gallagher survey reveals that 80% of American business owners are worried about gaps in their business insurance coverage, with concerns spanning extreme weather, cyber-attacks, and supply chain disruptions.
June 13, 2024
Insurance Industry
Risk Management
Technology
Drivers Favor Speed Alert Systems for Safer Roads
A majority of U.S. drivers support technology that alerts or limits speed, according to an Insurance Institute for Highway Safety survey, suggesting a shift toward safer driving practices.
June 13, 2024
Auto
Legislation & Regulation
Risk Management
Technology
InsurTech Leaders Highlight AI’s Role in Underwriting
Harnessing previously uncaptured data is key to underwriting success, agree two InsurTech executives, as AI transforms the insurance sector.
June 12, 2024
Insurance Industry
Risk Management
Technology
Underwriting
New York
Whole Worker Approach Revolutionizes Claims and Recovery
The Whole Worker model centers on the injured worker’s emotional well-being, reducing anxiety and improving recovery outcomes through continuous care and telemedicine.
June 11, 2024
Insurance Industry
Life & Health
Risk Management
Technology
Workers' Compensation
Tesla’s False Advertising Case on Self-Driving Tech to Go to Trial
A California judge rules that Tesla must face trial over accusations of false advertising related to its self-driving technology, following investigations and failed attempts to dismiss the case.
June 11, 2024
Fraud
Legislation & Regulation
Litigation
Technology
California
Emerging Insurance Market: Psychedelics Industry Presents New Opportunities
As the field of alternative therapeutics advances, the burgeoning psychedelics industry is becoming a lucrative market for insurance, offering significant opportunities for brokers and insurers.
June 10, 2024
Insurance Industry
Life & Health
Risk Management
Technology
Snowflake Data Breaches on the Rise: Major Companies Among Victims
Recent data breaches involving Snowflake-hosted cloud databases have impacted several major companies, with attackers leveraging compromised credentials to access customer accounts.
June 10, 2024
Insurance Industry
Risk Management
Technology
