Sun Life Report Highlights Surge in High-Cost Claims and New Drug Trends for 2024
Sun Life’s 2024 report reveals rising healthcare costs, with cancer and cardiovascular diseases leading high-cost claims. The analysis includes new high-cost injectable drugs and strategic recommendations for employers.
May 31, 2024
Legislation & Regulation
Life & Health
Risk Management
Technology
Strategic Role Expansion for Chief Risk Officers in Life Insurance
Chief Risk Officers (CROs) in life insurance will play a broader strategic role as insurers face complex challenges.
May 31, 2024
Legislation & Regulation
Life & Health
Risk Management
Technology
Insurers Warned of Potential Space Storm Threats Exceeding Hurricane Katrina
A recent Bloomberg Intelligence report warns insurers of potential severe space storms, capable of disrupting communications and power grids, posing greater risks than catastrophic hurricanes.
May 30, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Potent Nicotine Alternative in Vapes Raises Regulatory Concerns
The emergence of 6-methyl nicotine in vapes, more potent than traditional nicotine, poses regulatory challenges as the FDA and researchers seek to understand its health impacts.
May 30, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Technology
Colorado
Predicting Healthcare Costs: A Data-Driven Approach
Leveraging AI and data science to predict healthcare costs can bring transparency and affordability, ensuring accessible healthcare for all.
May 30, 2024
Insurance Industry
Life & Health
Risk Management
Technology
Jeff Canfield Discusses AI’s Role in Ascot’s Underwriting Strategy
At RISKWORLD 2024, Jeff Canfield of Ascot explores the potential of AI in underwriting, Ascot’s data-driven deal selection, and their approach to underwriting specialty risks.
May 30, 2024
Excess & Surplus Lines
Insurance Industry
Technology
Underwriting
Hacker Group Claims Responsibility for Cyberattack on Christie’s
A hacker group, RansomHub, has claimed responsibility for the recent cyberattack on Christie’s auction house. The attack disrupted the auction house’s website during a major event, forcing Christie’s to suspend online bidding.
May 29, 2024
Insurance Industry
Litigation
Risk Management
Technology
How to Avoid Ransomware Attacks in the Insurance Industry
Ransomware breaches can devastate insurance providers financially and reputationally. With attacks becoming more sophisticated, it’s crucial for providers to prevent data breaches proactively.
May 29, 2024
Fraud
Insurance Industry
Risk Management
Technology
Watchdog Highlights EPA’s Ongoing Cybersecurity Issues
The Government Accountability Office has warned that the Environmental Protection Agency has yet to implement a comprehensive cybersecurity risk assessment process, a recommendation first made in 2019.
May 28, 2024
Legislation & Regulation
Life & Health
Risk Management
Technology
NTSB Recommends Urgent Bridge Inspections Across the U.S.
The National Transportation Safety Board has urged federal and state authorities to review inspection reports and address maintenance issues for bridges made of uncoated weathering steel, following the 2022 Fern Hollow Bridge collapse in Pittsburgh.
May 28, 2024
Legislation & Regulation
Liability
Risk Management
Technology
Pennsylvania
Texas Hit by Severe Storms, Leaving Over 750,000 Without Power
Powerful storms swept through Texas on Tuesday, causing over 750,000 power outages and significant damage, especially in the Dallas-Fort Worth area, with further severe weather expected throughout the day.
May 28, 2024
Catastrophe
Property
Risk Management
Technology
Florida
Louisiana
Oklahoma
Texas
How AI Jim is Revolutionizing Claims Processing at Lemonade
Discover how Lemonade’s AI Jim is transforming the insurance claims process with unprecedented speed and accuracy.
May 24, 2024
Fraud
Insurance Industry
Risk Management
Technology
Cargo Theft Expected to Increase Over Memorial Day Weekend
Prepare for a spike in cargo thefts this Memorial Day weekend with these essential tips from CargoNet.
May 24, 2024
Fraud
Property
Risk Management
Technology
California
Florida
Georgia
Texas
NOAA Expects Busy 2024 Atlantic Hurricane Season
NOAA forecasts an above-normal 2024 Atlantic hurricane season driven by La Nina and warm ocean temperatures, with an 85% chance of higher than average storm activity.
May 23, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
VR Solution Revolutionizes Workers’ Compensation Pain Management
A new VR-based program offers non-pharmacological treatment for chronic lower back pain in workers’ compensation cases, promising cost-effective and safe pain relief.
May 23, 2024
Life & Health
Risk Management
Technology
Workers' Compensation
