Search

Potential victims face tough decisions: Buy insurance or deal with the consequences of a potential cyberincident? If attacked, pay the ransom or not? Meanwhile, insurance companies are finding new ways [...]

The insurance industry heads into 2023 facing a very different environment from just a year ago, with inflation hitting 40-year highs, interest rates on the rise after years of 'lower [...]

AM Best has released a new version of its free mobile app that offers expanded access to Best's Credit Ratings, plus more information on companies and related news and research. [...]

Key Points Dealing With Changes: Risk management has become a juggling act for the industry as it deals with constant changes and inconsistencies in COVID-19 guidance and regulations. Facing New [...]

Someone had to pay. In this case, it was Beer Belly's Sports Bar, a Texas establishment that gave a man too much to drink one November night in 2017. He [...]

Eastern Kentucky University, benefiting from its online program amid COVID-19 shutdowns, was the top vote-getter in the Best's Review biennial poll of top risk management and insurance programs. The programs [...]

Inflation will impact insurers in 2023, but the industry shouldn't expect the same 'acceleration' that's hit other parts of the economy because it's taken steps to keep itself stable in [...]

Insurers are working hard to move beyond the economic challenges of recent years--and they're finding opportunities in emerging risks. As they've been dealing with the continuing challenges of COVID-19 and [...]

'Stormy' may be an appropriate metaphor to use for an insurance industry that's potentially facing an increasing number of perils heading into 2022. But the forecast may not be as [...]

Vishaal Hariprasad, CEO and co-founder of cyber insurer Resilience, didn't hesitate when President Joe Biden looked right at him and asked: 'How can the insurance industry help drive better cyber [...]

Key Points Rising Rates: Insurers and their advocates say the industry could be forced to raise rates if the war exclusion in property insurance contracts can't be used for attacks [...]

Insurers say they're ready to exert pressure on lawmakers--and on each other--to fend off shock verdicts that have led to reduced liability coverage and higher legal liability risks. They're also [...]

Insurers point to the rise of third-party litigation--where outside financiers such as hedge fund managers and venture capitalists are treating multibillion-dollar lawsuits as valuable investments--as the primary reason for the [...]

Construction App A lot can happen on a construction site. And a lot can go wrong. Now there's an app--known in the trades as the 'Billy button'--that can help construction [...]

Mental Health Apps A Swiss Re analysis has shown that one-third of insurance consumers have experienced deteriorating mental health, according to Natalie Kelly, head of life & health global underwriting, [...]

A group of neighbors in Kingston Springs, Tennessee came together to help their 90-year-old neighbor, Jasper, build new chicken coops on his farm. Jasper's old coops were deteriorating, making it difficult for him to collect eggs. The community raised over $5,300 and volunteered their time and expertise to construct the new coops, which were designed with input from other chicken owners. The project brought the community together and will make it easier and safer for Jasper to continue sharing his eggs with the community. [Extracted from the article]

Financial and data losses have been piling up now that the number of cyberattacks on companies, individuals and governments has escalated in recent years. Insurance companies have provided coverage for [...]

Retired Munich Re executive Tony Kuczinski spoke to Best's Review about how insurance companies have to do a better job of speaking as an industry to deal with rapidly evolving [...]

Digital Study on Insurance Insurers are generally doing a good job addressing consumers' needs, as a high volume of shoppers are seeking new quotes--and even switching carriers, according to J.D. [...]

Cyberrisk App Cyberthreats, while not always visible, can have a big impact on a company's bottom line or an individual's identity and financial life. In response, HSB, a Munich Re [...]

Continued inflation in 2023 will be especially problematic for a property and casualty insurance industry that's already confronted with the painful costs of natural disasters such as Hurricane Ian and [...]

Embedding Insurance Products Within Apps Some 200 businesses ranging from e-commerce to banking have adopted Chubb's new platform that enables users to embed insurance products from different companies into their [...]

Insurance Fraud and Apps Cryptocurrency and payment apps are allowing people to pursue side hustles that can lead to fraudulent insurance claims, said Marci De Vries-Todtz, chief executive officer, Fraud [...]

Embed an App Insurers now have the opportunity to engage customers on their terms with every interaction, distribute through any channel and manage the entire insurance life cycle, said Bill [...]

Travelers launched Wysa for Return to Work, a coaching app that engages injured employees so they can learn resilience. Workers' Compensation Coaching App Workers' compensation claims data shows that more [...]

Car Insurance App In inflationary times, one of the biggest concerns insurers and their policyholders have is rising car insurance premiums. Cars cost more to repair and parts can be [...]

Merely reopening amid COVID-19 wasn't enough. Saint Joseph's University students Julia Berdzik and Elizabeth Colpe knew that just the right insurance coverage could help ensure the long-term survival of small [...]

App Investment It's so simple, right? Someone swipes right on their cell phone, presses the app icon and the world of property and casualty insurance unfolds in front of their [...]

Insurance Accessibility App Inflation and the lack of affordable housing for renters and homebuyers have made it difficult for a family to survive on a single income and purchase insurance, [...]

Claims Processing App Fred Loya Insurance, a Texas-based auto insurance company, has used the SCI 360 Demand Review application to bring about a savings of $684,000 in lost adjustment expenses [...]