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
EU Targets Big Tech with Compliance Investigations Under Digital Markets Act
The European Commission investigates Alphabet, Apple, and Meta for insufficient compliance measures under the Digital Markets Act, signaling a major regulatory crackdown.
March 25, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Professional Employer Organizations Revolutionize Small Business Compliance and HR
Amid challenges, Professional Employer Organizations (PEOs) emerge as a critical ally for small to medium businesses, blending compliance, HR, and workers' comp solutions.
March 25, 2024
Legislation & Regulation
Risk Management
Technology
Workers' Compensation
California
Florida
Navigating the Balance of Technology and Human Touch in Insurance Claims
While technology revolutionizes insurance claims, the indispensable value of human connection and empathy remains paramount.
March 25, 2024
Insurance Industry
Technology
The Slow March Towards Gender Equity in Insurance Leadership
Despite women dominating the insurance workforce, their representation in C-suite roles lags, highlighting the journey towards gender parity.
March 25, 2024
Insurance Industry
Technology
Generative AI Revolutionizes Insurance Underwriting with Enhanced Risk Insights
Explore how generative AI empowers insurance underwriters with critical insights into risk controls, building details, and insured operations for improved decision-making.
March 22, 2024
Insurance Industry
Risk Management
Technology
Underwriting
Justice Department Targets Apple in Major Antitrust Lawsuit Over Smartphone Market Dominance
The Justice Department and state attorneys general take legal action against Apple, alleging anticompetitive practices in smartphone markets to protect consumer interests and promote innovation.
March 22, 2024
Insurance Industry
Legislation & Regulation
Litigation
Technology
New Jersey
Setting the Stage for AI Success in Insurance with Data and Process Standardization
Explore the essential step of data and process standardization in the insurance industry, paving the way for successful AI and automation integration.
March 22, 2024
Insurance Industry
Technology
Enhancing Policyholder Engagement Through Digital Fluency in Claims Services
Discover how digital fluency in claims processing is transforming the insurance industry, bridging gaps, and enhancing policyholder satisfaction.
March 22, 2024
Insurance Industry
Technology
Claims Adjusters Urged to Justify Their Decisions Amid Rising Concerns Over Training and Experience
Experienced adjusters call for their peers to better defend adjustments, highlighting concerns over recent training quality and ethical standards in claim handling.
March 21, 2024
Education & Training
Litigation
Property
Technology
U.S. Officials Urge Governors to Boost Cybersecurity in Water Sector Amid Hacking Threats
National Security Advisor and EPA Administrator call for enhanced cybersecurity measures to protect the U.S. water sector from increasing cyber threats.
March 21, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
California
Pennsylvania
AI Enhancements Streamline Workers’ Compensation Claims Process for Adjusters
AI assistants are revolutionizing the workload for workers' compensation claims adjusters by providing online claims access and reducing phone and email inquiries.
March 21, 2024
Insurance Industry
Risk Management
Technology
Workers' Compensation
