Most organizations are now requiring that their employees work from home with the ongoing novel coronavirus disease (COVID-19) pandemic. However, in the event of a breach or other incident, there may be limitations in your cyber liability insurance policy based upon the type of hardware being used.

In their search to boost profits and reduce their loss ratio, property and casualty (P&C) insurance carriers often turn to improving a cast of “usual suspects”: sales, pricing, new product development and a host of operational areas from new business through subrogation. But the biggest area to target— the one with the largest, near-term upside potential—is claims processing.

The insurance industry has never been known for its speed or agility. Rather, it has been characterized as slow, methodical, and cautious of any sudden movement. Of course, that’s a generalization. There are many insurance firms that break the mold and lead the way in terms of transformative innovation, but, generally speaking, most insurers have opted to spend their time on other things … until now.

The COVID-19 outbreak has had a tremendous impact on every aspect of life in the United States. Like most companies, the insurance industry has had to drastically alter the way it does business.

Insurance is difficult. Many years ago, Scott Peck quoted in his book “The Road Less Traveled” that “life is difficult”. He went on to explain that once people accept that fact, things become a whole lot easier. While simplicity is achievable for people, not so much for insurance.

Over the past several weeks, there have been numerous aerial photos of some of the nation’s largest highway systems — devoid of vehicles. The sight of tens of miles of ramps, junctions and straightaways with no visible cars is startling, almost a made-for-Hollywood view.

The Geospatial Intelligence Center (GIC) has collected high-resolution aerial photographs of damaged structures following a series of Easter weekend tornadoes that struck multiple states — and these photos have been made available for insurers to use.

Under normal circumstances, internist Jenni Levy makes house calls, checking on patients with chronic conditions and serving as what she calls “rolling urgent care.”

The novel coronavirus has grabbed our complete attention — and understandably so. The COVID-19 pandemic has claimed the lives of tens of thousands of people around the world, while also grinding the global economy to a halt.

There has been a radical change taking place in insurance over the past few years. It revolves around the race to zero — or, the concept of streamlining the end user experience to ask less and less information when it comes time to file and process claims.

COVID-19 has left the world in uncharted waters and in many areas forced a digital acceleration of companies’ product and service delivery processes and distribution channels.

Artificial intelligence (AI) is redefining work in nearly every industry thanks to the increase in accuracy, efficiency and cost-effectiveness that AI-based applications offer. One of the latest industries to benefit is insurance, where applications are now being deployed to help detect and reduce provider fraud through advanced predictive tools.

Insurance product creation historically has been based on historical data — the rearview mirror view. It always has been, and there is value in doing so. Past trends are likely to be repeated, and coverages and rating need to reflect that. And insurance departments require years of historical data to approve changes. However, there is a fundamental change afoot that cannot be ignored.

A new phishing scam is playing on the public’s fears of the COVID-19 outbreak, according to the world’s largest security-awareness training and simulated phishing platform.

If there is one thing that we have all learned with the spread of COVID-19, it is that there is virtually no industry that is immune to its impact. The global pandemic is disrupting the daily lives of individuals, the operations of businesses, the activities of governments and even the approach of cherished institutions like museums, universities and religious organizations.