The digital age has undoubtedly transformed how businesses operate, but with this transformation comes an escalating landscape of cyber threats. Companies must navigate these complexities, adopting robust protective measures to shield themselves from potentially devastating cyber incidents. As we
The Contracts of Insurance Act, which received Royal Assent late last year, marks a significant milestone in New Zealand's insurance legislation. This Act consolidates and modernizes numerous outdated statutes, bringing New Zealand's insurance laws in line with those of the United Kingdom and
Insurants, a leading insurance technology provider, has revealed its latest innovation for streamlining document management. The Policy Review solution is designed to enhance the efficiency and accuracy of insurance brokers by automating the analysis and comparison of policy documents, binders, and
The financial landscape for life insurance companies has drastically shifted since the 2008 financial crisis. The once-reliable strategy of depending on long-term bonds to match policy obligations has faced significant challenges due to historically low interest rates. As a result, insurers have
In the digital age where technology permeates every facet of business operations, the rise of sophisticated cyber threats has necessitated more comprehensive cyber insurance strategies. With the advent of increasingly aggressive cyberattacks, including ransomware and AI-related threats, businesses
The controversy and fallout surrounding Florida’s property insurance industry have intensified, leading to rigorous scrutiny by the Florida House's Insurance & Banking Subcommittee. A comprehensive report has put a spotlight on the industry by exposing questionable financial practices by insurers,
The insurance industry is being revolutionized by the era of Artificial Intelligence, with FurtherAI leading the charge to transform commercial insurance. The company recently secured $5 million in funding from high-profile investors such as Nexus Venture Partners, Pioneer AI Fund, and Y
The proposal to reduce additional no-fault insurance for taxis and for-hire vehicles in New York City has ignited widespread debate. Former NYC Taxi & Limousine Commissioner Matthew W. Daus has recently argued that aligning the insurance requirements of these vehicles with the state’s standard
In today's fast-paced technological world, the insurance industry is increasingly adopting innovative solutions to stay competitive and efficient. Noteworthy leaders in this field include Atidot, a company specializing in machine learning (ML) and predictive analytics for life insurers, and NTT
In recent years, Florida has made significant strides in its lawsuit abuse reform efforts, aiming to curb excessive litigation, stabilize insurance markets, and reduce costs for its residents. Spearheaded by the Florida Legislature and Governor Ron DeSantis, these reforms have been instrumental in
