News
CEO Viewpoint: Unlocking the Potential of Generative AI in Insurance
Generative artificial intelligence (AI) has sparked a lot of interest from insurers and reinsurers because of its potential to revolutionize innovation, cut costs and improve the customer experience. ...
Jacobson: Survey Shows ‘Significant Pause’ in Industry Job Growth
More than half of insurance companies expect to increase staff in the next year, according to the latest labor market study from Aon and the Jacobson Group. Meanwhile, 77 percent of carriers expect ...
Federal Trade Commission Reports Nationwide Fraud Losses Topped $10B in 2023
Consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark, and a 14 percent increase over reported losses in 2022, newly ...
Nearly 75% of Employers Don’t Have AI Protocols for Internal Communications: Study
Despite organizations' increased adoption of artificial intelligence (AI), 71 percent don't provide internal guidance on when, where or how to use the technology, according to Gallagher's 2023/24 ...
Federal Probe of 3M Hyundai, Kia Fire Risk Closed
U.S. auto safety regulators said on Wednesday they have closed an investigation into engine fire risks in 3 million Hyundai Motor and Kia vehicles, meaning they do not see grounds to order additional ...
Study: Slowing Ocean Circulation Could Cause Weather Chaos
An abrupt shutdown of Atlantic Ocean currents that could put large parts of Europe in a deep freeze is looking a bit more likely and closer than before as a new complex computer simulation finds a ...
The Odds of a Hurricane-Boosting La Niña This Year Are Rising
The odds of a La Niña weather pattern this year are rising, amplifying the risk of hurricanes in the Atlantic and drought in California and South America. There's a 55 percent chance that La Niña, ...
AM Best Says Losses From California Storms Largely Uninsured, Underinsured
The economic losses from the latest round of California storms will be significant, and many of these losses may not be insured because only 2 percent of California residents have purchased flood ...