AI and machine learning models gain traction in climate risk assessment, but the insurance industry remains divided on accuracy, a survey by ZestyAI finds.
The reinsurance industry soared to new heights in 2023, fueled by investment income, underwriting profits and unrealized capital gains, a new AM Best stated.
Rising health care costs threaten employer competitiveness and employee wages, but innovative strategies may help mitigate the impact, research by the National Alliance of Healthcare Purchaser Coalitions finds.
M&A activity in the insurance industry stabilizes as a steady supply of sellers meets a diverse buyer landscape, according to to the latest Q3 2024 update from Optis Partners .
Zurich report highlights the growing risk of intense parking garage fires due to the increasing use of plastics and lithium-ion batteries in modern vehicles.
A New York ruling highlights the heavy burden on employers to prove intoxication was the sole cause of a workplace accident to deny workers’ comp coverage.
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.