Gen Z’s Mortgage Risk: Climate Change & Insurance Costs

Rising insurance premiums and climate-related disasters are forcing Gen Z to scrutinize weather patterns before buying homes, reshaping the American Dream.
March 25 Catastrophe Insurance Industry Property Risk Management Technology Florida Texas

How Lithium-Ion Batteries Amplify Risk During Natural Disasters

Lithium-ion batteries pose increasing fire and environmental risks during natural disasters, prompting insurers, governments, and consumers to rethink safety and response strategies.
March 24 Catastrophe Property Risk Management Technology California Florida

Construction Industry Faces Rising Insurance Risks Amid Data Center Boom and Labor Shortages

Global demand for data centers is driving construction growth, but rising costs, labor shortages, and climate risks are reshaping insurance pricing and underwriting strategies.
March 24 Catastrophe Property Risk Management Technology California

Root Insurance Pays $975K to Settle Data Breach That Exposed Driver’s License Info of Thousands in New York

New York AG Letitia James secured $975,000 from Root Insurance after a website vulnerability allowed hackers to steal over 44,000 New Yorkers’ driver’s license numbers.
March 24 Auto Litigation Risk Management Technology New York Ohio

New York Attorney General Sues National General and Allstate Over Data Breaches

New York Attorney General Letitia James has filed a lawsuit against National General and its parent company, Allstate, alleging failures in protecting consumer data, leading to two cyberattacks that exposed thousands of driver’s license numbers.
March 11 Insurance Industry Legislation & Regulation Litigation Technology New York

AI Enhances Storm Risk Assessment for More Accurate Insurance Pricing

Traditional models for assessing severe convective storm risk rely on broad proxies like ZIP codes and roof age. AI-driven property-specific models offer insurers a more precise approach.
March 7 Insurance Industry Property Risk Management Technology

Lloyd’s Warns of Extreme Space Weather Risks With $2.4 Trillion Economic Impact Projection

A new Lloyd’s systemic risk scenario reveals that a hypothetical extreme solar storm could result in a global economic loss of $2.4 trillion over five years.
March 5 Insurance Industry Property Risk Management Technology

Florida’s Insurance Market Faces Shake-Up as Lawmakers Tackle Rising Costs

With soaring premiums and industry instability, Florida lawmakers are pushing for reforms in home and auto insurance. Transparency, incentives, and technology may offer relief, but challenges remain.
March 5 Auto Legislation & Regulation Property Technology Florida

AI-Powered Fraud Is Reshaping Insurance—Are Insurers Keeping Up?

Artificial intelligence is revolutionizing fraud detection in insurance, but as fraudsters adopt AI-driven tactics, the industry faces an escalating arms race. Insurers that fail to invest in AI risk being outpaced by increasingly sophisticated fraud schemes.
March 3 Fraud Insurance Industry Litigation Technology

Insurance Industry Trends and Challenges Through 2040

A global survey of over 500 insurance executives reveals how AI, climate risks, cybersecurity, and evolving market dynamics are shaping the industry’s future through 2040.
March 3 Insurance Industry Risk Management Technology

How AI and IoT Are Transforming Risk Management

AI, IoT, and blockchain are revolutionizing risk management by enabling insurers to predict and prevent losses, reducing costs and improving safety through real-time data analysis.
February 26 Catastrophe Insurance Industry Risk Management Technology

Hackers Pull Off Record-Breaking $1.5 Billion Crypto Heist Targeting Bybit

Bybit, a major cryptocurrency exchange, suffered the largest crypto heist in history as hackers stole $1.5 billion in digital assets. Analysts link the attack to North Korea’s Lazarus Group.
February 24 Fraud Insurance Industry Risk Management Technology

Tesla Recalls 380,000 Vehicles Over Power Steering Assist Failure

Tesla is recalling nearly 380,000 Model 3 and Model Y vehicles in the U.S. due to a power steering assist failure linked to older software, increasing the risk of a crash.
February 21 Auto Litigation Risk Management Technology

How Quantum Computing Could Reshape Cyber Risk and Encryption Security

Quantum computing’s rapid advancements may challenge traditional encryption, creating new cybersecurity risks. Experts emphasize the need for proactive defenses and cyber insurance strategies.
February 18 Legislation & Regulation Risk Management Technology

How AI Transformed Insurance Claims Processing in 2024

The final installment of the 2024 Global InsurTech Report explores how artificial intelligence is transforming the insurance claims process, from first notice of loss to settlement, while tracking investment trends in the InsurTech sector.
February 18 Insurance Industry Property Risk Management Technology

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