AM Best Warns Insurers Could Face Risk Modeling Challenges After NOAA Ends Disaster Data Updates
AM Best says NOAA’s decision to retire its billion-dollar disaster database could hinder insurers’ ability to track secondary perils and price risk effectively.
May 21
Catastrophe
Insurance Industry
Risk Management
Technology
How Insurers Can Tackle Tech, Process and Organizational Debt to Drive Innovation
Insurers face more than just outdated technology — process and organizational debt also hold them back. Tackling all three is key to modernization and customer value.
May 19
Education & Training
Insurance Industry
Risk Management
Technology
How Property and Casualty Insurers Can Combat Fraud with AI-Driven Multimodal Technology
AI-powered multimodal tech is helping property and casualty insurers detect fraud more accurately across the claims cycle, potentially saving billions and lowering premium costs.
May 13
Fraud
Insurance Industry
Property
Technology
Newark Flight Delays Return Amid Telecom Failures as FAA Pushes System Upgrades
A telecom issue at Philadelphia’s radar facility triggered Newark flight delays again, highlighting ongoing infrastructure gaps and sparking urgent FAA upgrade plans.
May 12
Legislation & Regulation
Litigation
Risk Management
Technology
New Jersey
New York
Pennsylvania
Why Data Exfiltration Has Replaced Ransomware as the Top Cyber Threat
As ransomware attacks evolve, data theft has overtaken system encryption as the primary threat, driving up cyber insurance claims and shifting insurer response strategies.
May 12
Insurance Industry
Litigation
Risk Management
Technology
Rethinking Empathy in Insurance Amid the Rise of AI and Automation
Empathy in insurance is evolving as AI and digital tools grow more capable, forcing the industry to redefine how compassion and service are delivered in modern claims handling.
May 12
Education & Training
Risk Management
Technology
Insurers Prioritize Claims Over Underwriting in Anti-Fraud Tech Use
While most U.S. insurers use technology to detect claims fraud, fewer are leveraging these tools for underwriting or internal fraud, a new survey reveals.
May 12
Fraud
Insurance Industry
Technology
Underwriting
Cybercrime Rings Are Stealing Billions in Government Aid Using Stolen American Identities
Organized cybercriminals, including foreign nation-state actors, are exploiting U.S. aid programs using stolen identities, with losses potentially nearing $1 trillion annually.
May 12
Catastrophe
Fraud
Legislation & Regulation
Technology
Nationwide Auto Theft Ring Busted as Queens DA Charges 20 in $4.6M Scheme
Prosecutors say a sophisticated criminal network used social media to resell 126 stolen cars in a multi-state operation that spanned from New York to Tennessee.
May 9
Fraud
Litigation
Risk Management
Technology
Massachusetts
New Jersey
New York
Tennessee
Billing Frustrations Spark Honest Dialogue Between Carriers and Defense Counsel
CLM’s Litigation Management Task Force is tackling billing friction, talent recruitment, and tech adoption with candid conversations aimed at reshaping defense counsel compensation.
May 9
Education & Training
Insurance Industry
Litigation
Technology
Community Colleges Use AI to Fight Financial Aid Fraud
Facing a sharp rise in AI-driven financial aid fraud, community colleges like Southwestern are turning to advanced fraud detection tools powered by the same technology.
May 8
Education & Training
Legislation & Regulation
Risk Management
Technology
California
Allstate Becomes One of the First Major Insurers to Explore Quantum Computing Through Chicago Quantum Exchange
Allstate partners with the Chicago Quantum Exchange to explore how quantum computing could transform risk analysis, fraud detection, and customer service in insurance.
May 8
Fraud
Insurance Industry
Risk Management
Technology
Illinois
Indiana
Wisconsin
FDA Layoffs Raise Alarms Over Food Safety and Future Oversight
Massive FDA layoffs under the Trump Administration have triggered concerns over food safety, transparency, and agency performance amid sweeping health department cuts.
May 8
Legislation & Regulation
Life & Health
Risk Management
Technology
States Take Legal Action Over Halted Federal EV Charger Funds Amid Trump Policy Shift
Seventeen states have sued the Trump administration over the indefinite suspension of $3.3 billion in electric vehicle charger funding mandated by the 2021 Bipartisan Infrastructure Law.
May 8
Legislation & Regulation
Litigation
Risk Management
Technology
Insurance Leaders Gain Cutting-Edge Skills at CPCU Society’s In2Leadership Training in Atlanta
More than 200 insurance professionals gathered in Atlanta for CPCU Society’s In2Leadership event, gaining practical leadership training from University of Georgia faculty.
May 8
Education & Training
Insurance Industry
Risk Management
Technology
Georgia
