Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Shadow AI Risk Now Drives Insurance And Disclosure
Unapproved AI tools appeared in 43% of security incidents in IBM's latest breach study. Shadow AI, meaning the tools staff adopt without approval, turned up in 43 percent of security incidents last year, roughly double the share the year before…
Health Insurer Centene's Chief Financial Officer To Step Down
Health insurer Centene, one of the nation's largest providers of Obamacare, said chief financial officer Drew Asher plans to step down from his role as chief financial officer in December of this year. Health insurer Centene, one of the nation's…
Cassidy predicts Trump's vaccine order will increase insurance costs
Sen. Bill Cassidy (R-La.) on Sunday reiterated his issues with President Trump's executive order that seeks to tweak the childhood vaccine schedule, with the directive's impact on insurance costs among them. “Now instead of your child…
Dohrn bets on camera data to cut fleet insurance costs
Insurance premiums keep climbing across trucking. Unfortunately for carriers, they cannot opt out of the trend. What a fleet can control is the experience data sitting underneath its own renewal. For Dohrn, a Midwest LTL carrier with about 2,000…
Importance of Fire Extinguishers for Fire Insurance
Fire incidents in commercial and industrial spaces can cause major financial and operational setbacks, which is why fire and insurance are important aspects of risk planning for many businesses. As companies expand, maintaining strong fire safety…
Can Life Insurance Companies Use Genetic-Testing Results?
Federal laws don't address whether life insurance companies can use genetic-testing information in underwriting. In most states, life insurers can use genetic information that is in your medical records. Several state legislatures are proposing…
Health insurers are dropping Medicare Advantage plans - and nearly 3 million older Americans will be affected
Thousands of seniors are receiving notification that their Medicare Advantage plan won't be available next year, and there's nothing they can do about it except find another option. One in 10 Medicare Advantage policyholders face forced…
Insurer reviews get an automation boost
One of health care's biggest administrative hassles — waiting for an insurer's approval for doctor-ordered care — is on the verge of getting a technological fix. Why it matters: The federal government's long-promised effort to…
July CPI: Good News For The Fed, Mixed News For P&C Insurers
July headline CPI eased to 3.4%, but the insurance implications are less benign than the broader disinflation story suggests. Motor vehicle insurance prices fell 4.5% year over year while maintenance and repair costs increased 6.6%, creating a…
High-risk companies face tougher corporate insurance terms
High-risk Japanese companies are struggling to secure corporate insurance on the same terms as in the past, amid rising natural catastrophe risks, reinsurance market changes and persistent challenges in Japan's fire insurance sector, according to…
This Commanders-Steelers trade package gives Washington Jayden Daniels insurance
The Washington Commanders are going to be without one of their quarterbacks for the remainder of the preseason. Thankfully, it's not starter Jayden Daniels. That would be a nightmare scenario. Instead, his backup Marcus Mariota suffered an MCL…
Regulator takes aim at life insurance marketing ploy
Will this be the next bombshell that the Capital Markets, Insurance and Savings Authority drops on Israel's insurance companies? After intervening on premiums for vehicle insurance, the authority, headed by Amit Gal, now seeks to halt the special…
Who Insures the AI Buildout? $30 Billion Campuses Meet a $3.5 Billion Ceiling
The five largest cloud providers are on track to spend roughly $600 billion on infrastructure this year, and the broader hyperscaler group closer to $710 billion. Every dollar of that lands somewhere physical: a building, a transformer yard, a…
Gavin Newsom wildfire plan faces revolt over warning it will spike insurance rates across California
Gov. Gavin Newsom's latest proposal that could help private utility companies dodge liability for wildfires sparked by their own equipment is facing heat from survivor groups. A coalition of insurers, local governments, fire survivors, attorneys…
Europe's heat waves expose insurance gap as business losses mount
For more than a century, cafes in the Italian city of Padua have welcomed customers for an early evening drink, or aperitivo, encouraging them to sit outside and socialize before dinner. As Europe bakes under its fifth heat wave of the…
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