Cyber Insurance Market Sees Major Shift with Rising Premiums and Evolving Risks in 2023
The cyber insurance market experiences a shift with increased premiums, evolving cyber threats, and a focus on informed decision-making for 2024, as highlighted by Woodruff Sawyer.
January 12, 2024
Insurance Industry
Risk Management
Technology
Supercede Reports Significant Growth in Digital Adoption in Reinsurance Industry
Supercede’s latest data reveals notable growth in digital platform usage, indicating a shift towards technological integration in the reinsurance industry.
January 12, 2024
Insurance Industry
Risk Management
Technology
Moody’s RMS Estimates Insured Losses from Noto Peninsula Earthquake at $3-6 Billion
Moody’s RMS analysis predicts insured losses from the January 1 Noto Peninsula earthquake in Japan to range between $3 to $6 billion, covering various impacts.
January 12, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Evolving Risk Landscape Demands Strategic Role for Chief Risk Officers
In a rapidly changing risk environment influenced by AI, climate change, and geopolitics, Chief Risk Officers are key to strategic decision-making, says LCP research.
January 10, 2024
Insurance Industry
Risk Management
Technology
Google Faces $1.67 Billion Patent Infringement Lawsuit Over AI Technology
In a Boston federal court, Google disputes a $1.67 billion claim alleging the tech giant infringed patents crucial for its AI-driven products.
January 10, 2024
Insurance Industry
Legislation & Regulation
Litigation
Technology
Massachusetts
US Auto Insurance Premiums Set for Record Increase in 2024
As U.S. drivers brace for the highest auto insurance rate hike since 2018, with an average increase of 12.6%, financial pressures mount across states.
January 10, 2024
Auto
Insurance Industry
Legislation & Regulation
Technology
Arizona
California
Connecticut
Florida
Georgia
Surge in Business Travel Spurs Evolving Insurance Needs and New Risks
With a significant rebound in business travel, organizations face new challenges and insurance needs in a post-COVID world.
January 9, 2024
Education & Training
Insurance Industry
Risk Management
Technology
Gen Z and Millennials Recognize Life Insurance’s Importance but Lag in Purchasing Policies
Despite acknowledging the importance of life insurance, Gen Z and Millennials are underinsured compared to other age groups, with misconceptions about cost being a key barrier.
January 8, 2024
Education & Training
Insurance Industry
Life & Health
Technology
OpenAI and Microsoft Face Lawsuit Over Alleged Copyright Infringement in AI Training
OpenAI and Microsoft are sued for allegedly using copyrighted nonfiction works to train AI models, including the ChatGPT chatbot, sparking a debate on AI training practices.
January 8, 2024
Insurance Industry
Litigation
Technology
New York
Exploring the Future of Global Trade: Digital Bartering and Blockchain Integration
An in-depth look at how digital bartering, blockchain technology, and regenerative finance are reshaping global trade in the face of geopolitical and economic challenges.
January 8, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
OpenAI Expands Efforts to License Publisher Content Amid Legal Challenges
OpenAI is actively negotiating with multiple publishers for content licensing, balancing AI model training needs with legal complexities.
January 5, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Crawford & Company Experts Forecast Key 2024 Trends in Insurance Industry
Industry leaders at Crawford & Company share their insights on the evolving landscape of insurance in 2024, emphasizing technology, climate change, workforce dynamics, and fraud.
January 4, 2024
Catastrophe
Fraud
Technology
Reflecting on Cyber Insurance Trends of 2023
An introspective analysis of the cyber insurance market trends in 2023, evaluating rate stabilizations, regulatory focus, reinsurance shifts, and analytics integration.
January 4, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Pennsylvania Water Authority Targeted in International Cyberattack Linked to Iranian Hackers
The Municipal Water Authority of Aliquippa in Pennsylvania faces a cyberattack, highlighting the vulnerability of small water utilities to international cybersecurity threats.
January 4, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Arkansas
California
Indiana
Iowa
Missouri
Revolutionizing Auto Insurance in the Era of New Vehicle Valuation Trends
Exploring the shift in vehicle valuation methods in auto insurance, highlighting the rise of SUVs and the impact of consumer preferences on risk management.
January 3, 2024
Auto
Insurance Industry
Risk Management
Technology
