Emerging Risks

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

In the vast, arid landscapes of the Western United States, wildfires have become an ever-looming threat, destroying thousands of homes and causing billions in damages each year. The recent Los Angeles wildfires, which razed over 57,000 acres and obliterated more than 18,000 structures, serve as a

In the heart of the nation's capital, a silent crisis unfolds on the streets every day, where crash victims face not only physical and emotional trauma but also financial devastation due to outdated auto insurance laws. Despite years of advocacy and mounting evidence of the need for change, the

Setting the Stage for Transformation in Insurance In an era where insurance claims processing often frustrates clients with delays and lack of transparency, a staggering statistic emerges: nearly 30% of claims take over a month to resolve, significantly impacting customer trust and operational

Introduction to Digital Transformation in Insurance The insurance industry is grappling with an unprecedented demand for speed and transparency, as stakeholders from brokers to reinsurers face mounting pressure to adapt to a digital-first world. With claims processing delays and rigid product

In a striking development that has captured the attention of both regulators and homeowners across the nation, the state of Illinois has initiated legal action against State Farm, the largest property and auto insurance provider in the state, based in Bloomington. This lawsuit, filed in late 2024,