As natural disasters become more frequent and severe, commercial property owners in disaster-prone regions face the growing challenge of skyrocketing insurance costs. Hurricanes, wildfires, and other catastrophic events have compelled the insurance industry to raise premiums substantially while
Amwins, a leading global insurance distributor based in Charlotte, has recently expanded its footprint with a new office in the Baltimore area. By leasing a sizable 15,569-square-foot space in the Executive Plaza in Hunt Valley, Maryland, Amwins is preparing to accommodate a workforce of around 100
Artificial Intelligence (AI) is transforming industries, and insurance is no exception. Claims management, known for its complex, paper-heavy processes, is being revolutionized by AI's entry. The Black Car Fund has emerged as a pioneer by embracing this technological tide through a strategic
In the realm of growing tech innovations, generative AI stands out as a revolutionary force, and Crum & Forster (C&F), headquartered in Morristown, is embracing this evolution. The company sees AI as an asset in its operations, looking to boost productivity, efficiency, and precision in its
Indonesia's health and medical insurance sector is poised for substantial expansion. Industry experts forecast that from 2024 to 2032, the sector will experience a compound annual growth rate of 4.41%. This growth is attributed to a confluence of factors that are expected to elevate the scope
Skyward Specialty Insurance Group has made a splash in the financial waters with its Full Year 2023 earnings report. The company's performance turned heads as it reported a striking 38% increase in revenue, amassing a total of US$886.0 million, up from the preceding year. This isn't just
The University of Rochester has taken a notable step in its strategic development by appointing Andrea Tompkins Wright as the inaugural Associate Vice President for Real Estate, Portfolio Management, and Planning. This new position heralds a milestone for the university, tying its long-term vision
In a major crackdown on insurance fraud, five San Diego residents face serious felony charges for orchestrating a disability insurance fraud scheme. The group is accused of filing 63 fraudulent claims, attempting to exploit a long-term disability policy. Tyler A. Liebowitz, 45, and Dean C.
As threats of fraud continue to climb, organizations across finance, law, taxation, and government sectors are on high alert to protect against complex scams and illicit activities. With an uptick in Suspicious Activity Reports and cunning email schemes, it’s clear that the defense against fraud m
Addressing the Complexities of Insurance Fraud Investigation Streamlining Special Investigation Units (SIUs) Insurance fraud, with an annual cost exceeding $300 billion, is a prevalent issue in the industry, requiring specialized investigation units (SIUs) for detection and prevention. SIUs often
