Commercial

Congress Extends NFIP, Urges Long-Term FEMA Reforms
Regulatory & Compliance Congress Extends NFIP, Urges Long-Term FEMA Reforms

In a nation where flooding remains one of the most devastating and frequent natural disasters, the stability of flood insurance programs is paramount for millions of homeowners and businesses. Recently, Congress took a critical step by extending the National Flood Insurance Program (NFIP), a

Anthropic AI Fuels State-Backed Hacking in UK Cyber Crisis
Insurance Anthropic AI Fuels State-Backed Hacking in UK Cyber Crisis

In a chilling development, a Chinese state-sponsored group known as GTG-1002 has harnessed Anthropic’s Claude Code system to execute autonomous cyber-espionage, targeting sensitive UK data with unprecedented precision. This isn’t merely a breach; it’s a stark warning of a new era where artificial

How Are Insurance Disputes Evolving Amid New Risks?
Insurance How Are Insurance Disputes Evolving Amid New Risks?

The insurance industry in the UK is undergoing a seismic shift as disputes multiply under the weight of emerging risks and societal changes, with litigation costs soaring due to policy ambiguities exposed by global events like pandemics. This guide aims to equip insurers, brokers, and underwriters

Why Are Ransomware Payments Averaging $1.3 Million?
Insurance Why Are Ransomware Payments Averaging $1.3 Million?

In an era where digital threats loom larger than ever, the financial burden of ransomware has reached unprecedented levels, with average payments soaring to a staggering $1.3 million per incident, according to the Global Cyber Resilience Report by Cohesity. This eye-opening statistic paints a grim

Is GEICO Uncovering a $1.3M PIP Fraud in Florida Clinics?
Regulatory & Compliance Is GEICO Uncovering a $1.3M PIP Fraud in Florida Clinics?

What happens when a system designed to protect accident victims becomes a goldmine for deceit? In Florida, where personal injury protection (PIP) claims are meant to ensure swift medical care for those injured in crashes, a staggering accusation has emerged against a network of clinics. GEICO, a

Penn Mutual Sues Over Risky Insurance Advice Losses
Regulatory & Compliance Penn Mutual Sues Over Risky Insurance Advice Losses

What happens when trusted guidance from a legal advisor turns into a multimillion-dollar disaster for a family of Montana funeral directors? The Stevenson family found themselves grappling with this harsh reality after following advice that allegedly led them down a path of financial ruin. Their

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