From time to time, insurance executives ask our firm what issues are likely to impact the insurance industry in the near future. Below are several emerging issues we believe are likely to have an impact on the insurance industry over the next year. Executive SummaryStates are likely to begin targeting P/C insurers in unclaimed property actions more frequently, lawyers from Sutherland Asbill & Brennan predict. Here they outline that issue, among others, for insurance executives to watch out for in the next year.
These include entirely new issues facing the industry, such as autonomous vehicles, as well as old insurance issues reinvigorated with new wrinkles, like cyber breach blackmail. A constantly evolving issue landscape is fueled by economic, political, environmental and technological change. It is important for insurers to stay informed regarding developments in these areas to avoid surprise and manage risk.