Munich Re, CyberCube Report Warns of Growing Systemic Cyber Risk
Risks associated with systemic cyber events are no longer hypothetical scenarios but growing realities for organizations, insurers and cybersecurity professionals alike, ...
Technology/Science
NY’s Hurricane Insured Loss Potential Up More Than 60% as Climate Changes
Insurance industry scientists put the spotlight on Northern U.S. cities in a new research paper about hurricane potential under a warmer climate scenario, finding that New York's insured losses could ...
U.S. Faces More Extreme Weather Events, but Is Our Society Living in the Past?
After deadly flooding in central Texas in 1987, some thought they'd proven they could handle Mother Nature's best punch. Then came this month's horrific flash floods, when unfathomable amounts of ...
U.S. Braces for ‘Low-Level’ Cyber Attacks by Iran After Airstrikes
U.S. officials are warning businesses to brace for potential Iranian cyber attacks following American airstrikes on the country's nuclear sites, an event that experts say could draw a relatively ...
Goldman Sees Autonomous Vehicles Transforming Insurance World
The rise of autonomous vehicles will force a reconfiguration of the $400 billion U.S. auto-insurance industry, as accidents caused by human error decrease and costs are slashed, but questions about ...
Carriers Embracing DIY Home Inspections More and More, Firms Say
The future of home inspections is here and it's in the hands of … the homeowner. Literally, according to leaders of two firms that have developed DIY systems now being used by prospective insureds ...
No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best
Insurance industry financial strength rating agency AM Best said that a decision to stop updating a National Oceanic and Atmospheric Administration disaster database could be detrimental to insurers ...
Nearmap Acquiring itel to Add to Property Intelligence, Underwriting and Claims Services
Property intelligence provider Nearmap is acquiring itel, a provider of property claims services. Andy Watt, Nearmap's CEO, will serve as CEO for the combined company, while itel CEO Brian Matthews ...
California Regulator Weakens AI Rules, Tracking Safeguards
California's first-in-the-nation privacy agency is retreating from an attempt to regulate artificial intelligence and other forms of computer automation. The California Privacy Protection Agency was ...
3D Printing in the Auto Industry Mulled by Experts
The rise of interest and capability to 3D-printed auto parts promises to reshape the insurance and claims landscape, with significant implications for pricing, quality ...