Product recalls across several various sectors experienced record breaking product recalls, according to a recent Sedgwick report. Regulatory changes within the last year could serve as the reasoning for the five-year high.
Conning survey reveals a surge in AI adoption within the insurance industry, with large language models leading the tools being explored for sales, underwriting, and claims processing.
In an era of geopolitical shifts and macroeconomic transitions, businesses must navigate unpredictable challenges and capitalize on emerging opportunities, according to a Marsh report.
Rising reinsurance costs and inflation contributed to an increase in rating downgrades for U.S. property and casualty insurers in 2023, according to AM Best.
The National Academy of Social Insurance’s 2017-2021 report reveals the pandemic’s impact on workers’ compensation, highlighting decreased benefits and employer costs, and the need for adequate state protections.
Corporate fraud cases are on the rise, requiring more vigilance and internal controls before misdeeds cause a crisis, warns a report by Arthur J. Gallagher & Co.
United Educators’ 2023 report reveals escalating financial risks in education due to rising liability claims, emphasizing the need for robust risk management.
Facing increased competition and regulatory pressures, the U.S. D&O insurers receive a negative outlook with declining premiums and rising legal expenses.
Exploring the rise in cumulative trauma claims, a recent CWCI study reveals the impact of tenure, industry sector, and wage scale on California’s workers’ compensation system
The data from FLIP’s report offers valuable insights for small to mid-sized operators in the food industry, helping them benchmark their claims experience and prospects for business growth
Credit and economic risks top the concerns for Canada’s financial sector, with cyber risk and technology/innovation risk emerging as significant threats, reveals a Global Risk Institute survey.
The Insurance-Linked Securities market saw a record surge in catastrophe bond issuance and robust growth in 2023, driven by a calm catastrophe year and new risk offerings.
Amid escalating financial crime compliance costs, financial institutions grapple with the rise of illicit activities involving cryptocurrencies and AI technologies.
SonicWall’s 2024 report reveals escalating cyber threats, highlighting the critical role of managed service providers in bolstering cybersecurity defenses.
As cyber threats rise, global cyber insurance premiums could hit $23 billion by 2025, and U.S. businesses are expected to shoulder over half of that cost.