Insurance Industry News

A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

thenyledger.com - News Room - Shadow AI Risk Now Drives Insurance And Disclosure
Shadow AI Risk Now Drives Insurance And Disclosure
The New York Ledger

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…

forbes.com - Bruce Japsen - Health Insurer Centene's Chief Financial Officer To Step Down
Health Insurer Centene's Chief Financial Officer To Step Down
Forbes

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…

thehill.com - Max Rego - Cassidy predicts Trump's vaccine order will increase insurance costs
Cassidy predicts Trump's vaccine order will increase insurance costs
The Hill

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…

yahoo.com - Thomas Wasson - Dohrn bets on camera data to cut fleet insurance costs
Dohrn bets on camera data to cut fleet insurance costs
Yahoo!

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…

republicworld.com - Initiative Desk - Importance of Fire Extinguishers for Fire Insurance
Importance of Fire Extinguishers for Fire Insurance
Republic World

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…

wsj.com - Kimberly Lankford - Can Life Insurance Companies Use Genetic-Testing Results?
Can Life Insurance Companies Use Genetic-Testing Results?
Wall Street Journal

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…

yahoo.com - Vawn Himmelsbach - Health insurers are dropping Medicare Advantage plans - and nearly 3 million older Americans will be affected
Health insurers are dropping Medicare Advantage plans - and nearly 3 million older Americans will be affected
Yahoo!

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…

axios.com - Tina Reed - Insurer reviews get an automation boost
Insurer reviews get an automation boost
Axios

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…

seekingalpha.com - The CrickAnt - July CPI: Good News For The Fed, Mixed News For P&C Insurers
July CPI: Good News For The Fed, Mixed News For P&C Insurers
Seeking Alpha

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…

businessinsurance.com - High-risk companies face tougher corporate insurance terms
High-risk companies face tougher corporate insurance terms
Business Insurance

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…

fansided.com - Austen Bundy - This Commanders-Steelers trade package gives Washington Jayden Daniels insurance
This Commanders-Steelers trade package gives Washington Jayden Daniels insurance
FanSided

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…

globes.co.il - Hezi Sternlicht - Regulator takes aim at life insurance marketing ploy
Regulator takes aim at life insurance marketing ploy
גלובס

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…

marketanalysis.com - Who Insures the AI Buildout? $30 Billion Campuses Meet a $3.5 Billion Ceiling
Who Insures the AI Buildout? $30 Billion Campuses Meet a $3.5 Billion Ceiling
Market Analysis

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…

nypost.com - Sheetal Banchariya - Gavin Newsom wildfire plan faces revolt over warning it will spike insurance rates across California
Gavin Newsom wildfire plan faces revolt over warning it will spike insurance rates across California
New York Post

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…

koreaherald.com - Yonhap - Europe's heat waves expose insurance gap as business losses mount
Europe's heat waves expose insurance gap as business losses mount
The Korea Herald

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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