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The latest people news in the industry today.
Insurers globally are racing to adopt generative AI, but they must address a disconnect between their priorities and customer expectations for use of AI, an IBM report concludes.
Insurers faced mounting losses from frequent severe storms and floods in the first nine months of 2024, despite overall losses below average, according to Gallagher Re’s Nat Cat Report.
Cyber insurance claims severity surged 14% in H1 2024 as ransomware and business email compromise attacks targeted businesses of all sizes, according to Coalition.
Technology, media and telecom executives identify emerging risks and opportunities: WTW survey.
Employer health insurance premiums rise 7% to $25,572 for families in 2024, while coverage of new weight-loss drugs remains limited, KFF survey finds.
The Hawaii Supreme Court’s ruling limiting insurance coverage in a climate-change lawsuit could have far-reaching implications for the fossil fuel industry.
As wildfires continue to pose significant challenges for the insurance industry, innovative technologies are emerging to address this growing threat.
“Relationships are certainly important, but how well you serve your customer and help them solve their problems is how your level of success is defined.”
Allianz Commercial’s cyber risk outlook reveals a surge in data privacy breach incidents, fueled by ransomware attacks and driving class action litigation.
Gallagher report reveals the growing risks heat waves and air pollution pose to the health and safety of outdoor workers.
Commercial insurance rates continue to see modest increases in 3Q, but hurricane season may lead to potentially significant losses, MarketScout reports.
Declining premiums and accelerating price deterioration pose potential performance challenges for the profitable U.S. D&O liability insurance segment, Fitch Ratings reports.
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