The recent debacle stemming from CrowdStrike's July 19, 2024, software update has sent shockwaves across multiple industries, revealing stark vulnerabilities within global business operations. Notably, this incident underscores the urgent need for the insurance sector to reassess, modernize,
St. Petersburg, Florida, is grappling with persistent and worsening issues related to property and flood insurance, especially in light of frequent hurricanes and the increasing threat of rising water levels. Despite the city's financial commitment to mitigate these problems, homeowners
Moody's recent acquisition of Praedicat, a casualty insurance analytics provider, signals a strategic enhancement aimed at fortifying its data and analytics capabilities within the insurance industry. This significant move is part of Moody’s broader strategy to integrate advanced liability m
The interconnected realms of legislative measures, public health developments, and community initiatives have brought about profound shifts in our societal fabric. Recent news has been rife with stories that hint towards a transformative future driven by new laws and emerging health trends. These
As global demand for renewable energy skyrockets, so too does construction activity for wind and solar projects, both onshore and offshore. While this surge represents a promising shift towards a sustainable energy future, it also brings a host of risks and challenges that threaten to derail
Millions of Americans hoping to start or expand their families often find themselves stymied by the astronomical costs of infertility treatments. Tackling this issue head-on, a group of U.S. Representatives have banded together to introduce the Helping to Optimize Patients’ Experience (H.O.P.E.) w
The property insurance sector is witnessing a groundbreaking shift with the introduction of the Client Edge Facility. This initiative, a collaborative effort between WTW, Canopius US Insurance, Inc., and Verita Capital Solutions, promises to address complex property risks with unprecedented
In the rapidly evolving automotive industry, the integration of data analytics and Internet of Things (IoT) technologies promises a significant transformation in how insurance companies operate. One of the most groundbreaking collaborations is between Liberty General Insurance Berhad (Liberty) and
Is Ondo InsurTech Positioned for Market Success with NFU Mutual Contract? Ondo InsurTech PLC, a company listed on the London Stock Exchange under the ticker LSE: ONDO, has recently garnered significant attention following its notable contract win with NFU Mutual. This contract is only one of
The rapidly evolving landscape of underwriting and risk assessment is transforming the insurance industry, necessitating that industry players stay ahead of the curve to maintain a competitive edge. As technological advancements reshape risk management and decision-making, insurers are experiencing
