AI and machine learning have played a critical role in helping underwriters accurately price risk. New regulations are stepping in to make sure these models aren’t biased.
From data breach lawsuits to tarnished reputations to environmental damage to broken equipment, here are ten potentially costly consequences of a cyberattack.
A growing number of lawsuits are being filed across the U.S. for alleged violations of the 1988 Video Privacy Protection Act by a range of entities from news and media outlets to digital health providers. Cyber insurers are paying close attention to these judgments, as they may influence privacy claims for years to come.
Poorly misjudged inflation rates led people invested in the CalPERS long-term care insurance to pay extremely high rate hikes. The group took the pension plan company to court.
Andres Franzetti, CEO and cofounder of Risk Cooperative, shares where he thinks the risk management industry could grow and how the pandemic fostered resiliency.
Several of Vermont’s long-tenured captive regulators receive promotions, and as they do so, they credit their department’s approach to succession planning.
Vermont captive insurance has become known as the “gold standard” within the industry, thanks in part to its streamlined, economical and efficient licensing-issuing process.
When a group of higher education institutions was looking to cut costs on health care benefits, they turned to the formation of a group captive in Vermont.