Swiss Re and Zurich Navigate the Generative AI Wave in the Reinsurance Sector
As the reinsurance industry explores Generative AI, leaders weigh the technology’s potential for innovation against its risks.
March 29, 2024
Insurance Industry
Risk Management
Technology
U.S. Offers $10 Million Bounty for Information on BlackCat Ransomware Gang Leaders
Following a devastating attack on UnitedHealth Group’s subsidiary, the U.S. government offers a hefty reward for leads on the BlackCat ransomware syndicate.
March 29, 2024
Legislation & Regulation
Life & Health
Technology
Predictions Point to a Record-Breaking 2024 Atlantic Hurricane Season
Forecasters warn of an unusually active 2024 Atlantic hurricane season, urging early preparations as conditions favor above-average storm activity.
March 29, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Florida
North Carolina
South Carolina
Texas
Experts Unveil a Blueprint to Combat Smartphone-Induced Distracted Driving
A groundbreaking report by GHSA and CMT offers strategies to tackle distracted driving, revealing the effectiveness of hands-free laws and tech-driven safety programs.
March 29, 2024
Auto
Legislation & Regulation
Technology
Alabama
Michigan
Missouri
Ohio
Deciphering AI’s Role in Insurance Raises More Questions Than Answers
At the 2024 cyber symposium, experts express the need for clarity in underwriting AI-related risks, underscoring the insurance industry’s struggle with fast-paced technological advancements.
March 29, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Navigating the Stormy Seas of Marine Insurance Claims with Expertise and Empathy
Marine loss adjuster Paul Field reveals the challenges and nuances of handling insurance claims for pleasurecraft, emphasizing the human aspect and technical expertise required.
March 29, 2024
Insurance Industry
Marine
Risk Management
Technology
U.S. Property and Casualty Insurers Shift Focus to Predict and Prevent Strategy Amid Rising Underwriting Losses
Facing a $38 billion underwriting loss and increased natural catastrophe damages, insurers explore predictive and preventive measures for sustainability.
March 28, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Cybersecurity Flaws and Delayed Upgrades Expose Clorox to Disruptive Attack
A cyberattack leveraging long-standing cybersecurity vulnerabilities at Clorox led to widespread production halts, underscoring the critical need for updated digital defenses.
March 27, 2024
Risk Management
Technology
California
Bridging the Insurance Gap in Emerging Markets Through Innovative Insurtech Solutions
Discover how Insurtech is revolutionizing insurance accessibility in emerging markets, leveraging mobile technology, and custom solutions to drive economic resilience.
March 27, 2024
Legislation & Regulation
Technology
Florida
2023 Reflects a New Norm in Natural Catastrophe Insurance Losses
In 2023, natural disasters led to over $108 billion in insured losses, marking the fourth consecutive year above $100 billion, with severe convective storms hitting a record high.
March 26, 2024
Catastrophe
Property
Risk Management
Technology
California
Florida
Louisiana
Insurance Sector Adapts to Cyber Risks Amid Rising Systemic Threats
Industry experts emphasize the importance of individual security measures and strategic risk management to mitigate systemic cyber threats impacting the insurance market.
March 26, 2024
Insurance Industry
Risk Management
Technology
AI Revolutionizes Insurance: From On-Demand Coverage to Fighting Fraud
AI is transforming insurance through on-demand policies, embedded coverage, personalized underwriting, and enhanced fraud detection, setting new standards for efficiency and security.
March 26, 2024
Fraud
Technology
Underwriting
Major East Coast Bridge Collapses After Collision with Cargo Ship, Triggers Extensive Search and Rescue Operation
The collapse of the Francis Scott Key Bridge, after being struck by a cargo ship, has led to a significant emergency operation and concerns over East Coast shipping logistics.
March 26, 2024
Catastrophe
Marine
Risk Management
Technology
Maryland
Property/Casualty Insurers Embrace AI Amid Bias Challenges, Survey Reveals
A new survey shows a significant shift towards AI in the P/C insurance sector, despite ongoing challenges with algorithmic bias.
March 25, 2024
Insurance Industry
Technology
Underwriting
Colorado
Change Healthcare to Process $14 Billion in Claims After Cyberattack Recovery
Following a significant cyberattack, Change Healthcare resumes services, aiming to process over $14 billion in claims, with UnitedHealth Group supporting impacted healthcare providers.
March 25, 2024
Insurance Industry
Risk Management
Technology
