Insurance Rates Influenced by Data from ’Connected’ Cars, Drivers Unaware
Your internet-connected vehicle may be monitoring driving habits and sharing this data with insurance companies, affecting premium rates.
March 14, 2024
Auto
Insurance Industry
Technology
The Evolving Role of Underwriters in the Age of Artificial Intelligence
In the era of AI, underwriters are transitioning from manual tasks to more strategic roles, requiring new skills in data analysis and creativity.
March 14, 2024
Education & Training
Risk Management
Technology
Underwriting
Roku Data Breach Exposes Thousands of Accounts to Unauthorized Subscription Purchases
Over 15,000 Roku users were affected by a data breach, leading to unauthorized subscription purchases and account hijackings from December 2023 to February 2024.
March 13, 2024
Fraud
Insurance Industry
Risk Management
Technology
California
Maine
New York Car Theft Ring Dismantled in Major Law Enforcement Operation
Nine members of a sophisticated car theft ring in Westchester County, NY, have pleaded guilty, marking a significant victory for law enforcement against organized crime.
March 13, 2024
Auto
Fraud
Legislation & Regulation
Technology
New York
Pennsylvania
Authors File Lawsuit Against Nvidia for Copyright Infringement in AI Training
Nvidia is sued by authors over unauthorized use of copyrighted books in training its NeMo AI platform, highlighting copyright issues in AI development.
March 12, 2024
Litigation
Technology
California
Lloyd’s Reports on Generative AI’s Growing Impact on Cybersecurity Risks
Lloyd’s examines the escalating challenges and opportunities GenAI presents to cybersecurity, urging the insurance sector to adapt promptly.
March 12, 2024
Insurance Industry
Risk Management
Technology
Microsoft Faces Renewed Cyber Threats from Alleged Russian Hackers
Microsoft battles advanced cyberattacks by Russian group Midnight Blizzard, raising concerns over national security and the integrity of tech infrastructure.
March 11, 2024
Legislation & Regulation
Risk Management
Technology
Revolutionizing Insurance Claims Handling with Artificial Intelligence
AI in insurance claims processing enhances efficiency, reduces costs, and improves fraud detection, offering a better customer experience and streamlining operations.
March 11, 2024
Fraud
Risk Management
Technology
Industry Leaders Highlight the Importance of Insurance Designations in Professional Development
Insurance professionals are turning to CPCU and ARM designations to navigate complex industry challenges and enhance their expertise.
March 8, 2024
Education & Training
Insurance Industry
Risk Management
Technology
Addressing the Surge in Construction Industry Risks Amid Growth and Labor Shortages
As the construction industry faces labor shortages and cost escalations, the focus sharpens on risk management and insurance strategies to control rising expenses.
March 8, 2024
Education & Training
Risk Management
Technology
Workers' Compensation
Toyota Announces Major Recall for Tacoma Trucks Over Axle Safety Concerns
Toyota is recalling approximately 380,000 Tacoma trucks due to a potential axle shaft separation that could impair vehicle stability and brake performance.
March 6, 2024
Auto
Risk Management
Technology
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
