#insurance-industry

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How to Choose The Right Insurance Broker to Grow Your Lower to Mid-Market Company in 2025 and Beyond | Entrepreneur

Choose an insurance broker that prioritizes client success and invests in team quality amid industry consolidation.
#health-insurance

Medicare Advantage Insurers Are Dropping Plans and Slashing Benefits

Medicare Advantage beneficiaries are facing reduced benefits for utilizing their health care services, as insurers prioritize profitability.

New health insurer set to undercut rivals with hopes of price war to benefit consumers

New player Level Health aims to disrupt the Irish health insurance market with competitive pricing and added benefits.

Medicare Advantage Insurers Are Dropping Plans and Slashing Benefits

Medicare Advantage beneficiaries are facing reduced benefits for utilizing their health care services, as insurers prioritize profitability.

New health insurer set to undercut rivals with hopes of price war to benefit consumers

New player Level Health aims to disrupt the Irish health insurance market with competitive pricing and added benefits.
morehealth-insurance
#direct-line-group

Direct line to axe hundreds of jobs - London Business News | Londonlovesbusiness.com

Direct Line Group is reducing its workforce to save costs and improve operational efficiency.

DirectLineGroup reveals plans to axe around 550 jobs amid cost cuts

Direct Line Group plans to cut 550 jobs to save costs amidst a turnaround strategy.

Direct line to axe hundreds of jobs - London Business News | Londonlovesbusiness.com

Direct Line Group is reducing its workforce to save costs and improve operational efficiency.

DirectLineGroup reveals plans to axe around 550 jobs amid cost cuts

Direct Line Group plans to cut 550 jobs to save costs amidst a turnaround strategy.
moredirect-line-group
#cybersecurity

Data Breach Impacts 800,000 Insurance Customers

Over 800,000 individuals' personal information was compromised in a cyberattack on Landmark Admin.

Indian court tells Star Health to share details of leak so Telegram can delete chatbots

An Indian court has ordered an insurer to assist in identifying leaked data from Telegram chatbots for removal.

CyberUK 24: UK insurance industry gets tough on ransomware | Computer Weekly

A coalition of insurance organizations and the NCSC aims to reduce ransomware payments by UK organizations through better-informed decision-making and support for victims.

Data Breach Impacts 800,000 Insurance Customers

Over 800,000 individuals' personal information was compromised in a cyberattack on Landmark Admin.

Indian court tells Star Health to share details of leak so Telegram can delete chatbots

An Indian court has ordered an insurer to assist in identifying leaked data from Telegram chatbots for removal.

CyberUK 24: UK insurance industry gets tough on ransomware | Computer Weekly

A coalition of insurance organizations and the NCSC aims to reduce ransomware payments by UK organizations through better-informed decision-making and support for victims.
morecybersecurity

9 Most Hated Insurance Companies in America

Insurance companies are generally disliked, particularly in the claims process, affecting overall customer satisfaction.

Dutch insurance analytics firm Onesurance raises funding

Onesurance raised seed funding to enhance AI-driven solutions for the insurance industry and expand its market presence internationally.
#data-security

Insurance bosses love the idea of AI chat. Customers hate it

Generative AI is seen as crucial by insurance leaders but faces significant customer distrust, highlighting a gap between executive enthusiasm and consumer comfort.

How the Insurance Industry Can Build and Grow Awareness Online

Insurance companies face unique challenges in social media marketing due to regulatory compliance and the need for customer education.

Insurance bosses love the idea of AI chat. Customers hate it

Generative AI is seen as crucial by insurance leaders but faces significant customer distrust, highlighting a gap between executive enthusiasm and consumer comfort.

How the Insurance Industry Can Build and Grow Awareness Online

Insurance companies face unique challenges in social media marketing due to regulatory compliance and the need for customer education.
moredata-security
#leadership

You don't get to be 173 years old without this leadership trait

Leadership requires resilience and adaptability, learning from past challenges to strengthen organizations.

Council Post: Effective Team Building In A Remote Work Environment

In a remote work environment, strategies to enhance team cohesion and performance, particularly in the insurance sector, are essential for success.

How James Graganella Balances Business Leadership and Community Philanthropy

James Graganella exemplifies visionary leadership and commitment in the insurance industry, marked by significant growth and community involvement.

You don't get to be 173 years old without this leadership trait

Leadership requires resilience and adaptability, learning from past challenges to strengthen organizations.

Council Post: Effective Team Building In A Remote Work Environment

In a remote work environment, strategies to enhance team cohesion and performance, particularly in the insurance sector, are essential for success.

How James Graganella Balances Business Leadership and Community Philanthropy

James Graganella exemplifies visionary leadership and commitment in the insurance industry, marked by significant growth and community involvement.
moreleadership
#risk-management

The Price is Wrong - 99% Invisible

Climate change is forcing insurance companies to re-evaluate risk in areas like Florida, leading to soaring prices.

Norwegian startup trains AI to predict natural disasters

7Analytics trains AI on diverse data for precise disaster predictions, offering insights and alerts for proactive risk management and enabling targeted insurance premium adjustments.

Wildfire Science Gets a Boost from Worried Insurance Companies

The U.S. insurance industry is investigating how wildfires spread through urban areas to better understand and mitigate their impact.
Wildfires are a relatively new major issue for the industry, resulting in less advanced science and data compared to other natural disasters such as hurricanes.

As judgment preservation insurance gains steam, appellate decision leaves insurers 'on the hook' for millions

Judgment preservation insurance is gaining popularity in the legal industry, providing coverage if a judgment is overturned on appeal.

The Price is Wrong - 99% Invisible

Climate change is forcing insurance companies to re-evaluate risk in areas like Florida, leading to soaring prices.

Norwegian startup trains AI to predict natural disasters

7Analytics trains AI on diverse data for precise disaster predictions, offering insights and alerts for proactive risk management and enabling targeted insurance premium adjustments.

Wildfire Science Gets a Boost from Worried Insurance Companies

The U.S. insurance industry is investigating how wildfires spread through urban areas to better understand and mitigate their impact.
Wildfires are a relatively new major issue for the industry, resulting in less advanced science and data compared to other natural disasters such as hurricanes.

As judgment preservation insurance gains steam, appellate decision leaves insurers 'on the hook' for millions

Judgment preservation insurance is gaining popularity in the legal industry, providing coverage if a judgment is overturned on appeal.
morerisk-management

Woman who works remotely in the insurance industry explains why people should look for similar jobs

People are exploring non-conventional careers due to a competitive job market, with the insurance industry emerging as a lucrative option.
#risk-assessment

My insurance company spied on my house with a drone. Then the real nightmare began.

Insurance companies are using AI-powered drone surveillance for risk assessment, potentially leading to policy cancellation over minor issues.

How DePIN Can Modernize Car Insurance

Insurance premiums unfairly based on drivers' cohort, not individual skills.

A California bill could lead to lower home insurance costs. Here's why companies hate it.

Insurance companies in California may have to consider wildfire prevention efforts in home coverage pricing.
Senate Bill 1060 proposed by Sen. Josh Becker aims to include vegetation management and home protection in determining risk.

My insurance company spied on my house with a drone. Then the real nightmare began.

Insurance companies are using AI-powered drone surveillance for risk assessment, potentially leading to policy cancellation over minor issues.

How DePIN Can Modernize Car Insurance

Insurance premiums unfairly based on drivers' cohort, not individual skills.

A California bill could lead to lower home insurance costs. Here's why companies hate it.

Insurance companies in California may have to consider wildfire prevention efforts in home coverage pricing.
Senate Bill 1060 proposed by Sen. Josh Becker aims to include vegetation management and home protection in determining risk.
morerisk-assessment

Germany's DC Connected Car secures 2.1M to further develop its AI-driven virtual car technician - Silicon Canals

DC Connected Car secures €2.1M seed funding for international expansion and AI diagnostic tool development.
#privacy-concerns

My home insurer is spying on me

AI-powered drone surveillance by insurance companies may lead to unexpected policy cancellations for homeowners.

Automakers Sold Driver Data for Pennies, Senators Say

Automakers like General Motors are collecting and sharing driver data, often without their knowledge, for profit.

3 ways AI could transform your insurance policy

Insurers leveraging AI to process vast amounts of data for accurate risk assessment.
Customers may benefit from faster insurance applications with AI technology, despite potential privacy concerns.

How G.M. Tricked Millions of Drivers Into Being Spied On (Including Me)

Automakers data sharing leads to insurance premium hikes without driver consent.

My home insurer is spying on me

AI-powered drone surveillance by insurance companies may lead to unexpected policy cancellations for homeowners.

Automakers Sold Driver Data for Pennies, Senators Say

Automakers like General Motors are collecting and sharing driver data, often without their knowledge, for profit.

3 ways AI could transform your insurance policy

Insurers leveraging AI to process vast amounts of data for accurate risk assessment.
Customers may benefit from faster insurance applications with AI technology, despite potential privacy concerns.

How G.M. Tricked Millions of Drivers Into Being Spied On (Including Me)

Automakers data sharing leads to insurance premium hikes without driver consent.
moreprivacy-concerns
#automakers

General Motors, Hyundai, and Honda are accused of inappropriately sharing customer data

Automakers accused of sharing driving data without full disclosure to customers, triggering potential insurance price manipulation.

How G.M. Tricked Millions of Drivers Into Being Spied On (Including Me)

Automakers selling driving behavior data to insurance industry without driver consent, leading to potential premium increases.

General Motors, Hyundai, and Honda are accused of inappropriately sharing customer data

Automakers accused of sharing driving data without full disclosure to customers, triggering potential insurance price manipulation.

How G.M. Tricked Millions of Drivers Into Being Spied On (Including Me)

Automakers selling driving behavior data to insurance industry without driver consent, leading to potential premium increases.
moreautomakers

Plan to end exorbitant surprise' ambulance bills heads to Congress

Patients should pay no more than $100 or 10% of an ambulance bill to prevent surprise billing. Ambulance rides often result in hefty unexpected costs.

Senators See Possible Conflicts of Interest in Health Care Pricing Tools

Senate committees are investigating MultiPlan for potential conflict of interest in recommending lower medical payments.

RWA Platform Re Debuts Tokenized Reinsurance Fund on Avalanche with $15M Commitment from Nexus Mutual

Re focuses on low-volatility insurances and aims to back $200 million in premiums by the end of the year.

Major insurer vows increase in California home policies if risk estimation rules change

Insurance companies in California may resume issuing new homeowner policies in response to rule changes allowing them to predict future risks more efficiently.

Leader Spotlight: Empowering analytics and business intelligence teams, with Akash Gupta - LogRocket Blog

Empower analytics teams to find 'golden nuggets' of insights.
Understanding the impact of launching a paid streaming service on traditional cable business.
Optimizing and tracking LTV to CAC ratio in the insurance industry.

California lawmaker wants state to consider additional home insurance discounts for wildfire work

California lawmaker aims to expand insurance discounts for wildfire mitigation efforts.

One Calif. home insurance company won't be renewing 30K policies

State Farm is cutting 30,000 policies in California, citing financial strains from various factors.
Increased wildfire risk in California has led multiple insurance companies to stop renewing homeowner policies in high-risk areas.
#data-privacy

Insurer unveils policy covering drivers from connected car hacks and data leaks

Specialty insurer Munich RE introduces Cyber for Auto product covering cyber threats on the road.
Connected cars collecting personal data present new vulnerabilities and require insurance protection.

Are brands infringing our rights? Recognize the 4 horsemen of the data apocalypse

Brands are collecting consumer data without consent, leading to consequences like denied insurance or higher premiums.
The digital revolution has expanded data collection methods to include biometrics, neural marketing, IoT, and more technologies beyond web tracking.

Insurer unveils policy covering drivers from connected car hacks and data leaks

Specialty insurer Munich RE introduces Cyber for Auto product covering cyber threats on the road.
Connected cars collecting personal data present new vulnerabilities and require insurance protection.

Are brands infringing our rights? Recognize the 4 horsemen of the data apocalypse

Brands are collecting consumer data without consent, leading to consequences like denied insurance or higher premiums.
The digital revolution has expanded data collection methods to include biometrics, neural marketing, IoT, and more technologies beyond web tracking.
moredata-privacy

Developing Credit Scoring Models for Banking and Beyond

Interpretability is crucial in machine learning models for various industries.
Using interpretable models helps end-users understand and trust the model's output.

General Motors Quits Sharing Driving Behavior With Data Brokers

General Motors stopped sharing driving data with data brokers for insurance risk profiling.
Drivers enrolled in OnStar Smart Driver had data on their driving habits shared with insurance companies, affecting their rates.

Major California property insurer decides to not renew tens of thousands of policies

State Farm to not renew 72,000 policies in California, citing challenges like higher construction costs and catastrophic events.

California's property insurer of last resort adds record number of policies in February

California FAIR Plan setting record with over 15,000 new policies in February.
The insurer's growth reflects the state's unstable insurance market due to wildfires.

Stop insuring fossil fuel': activists target London insurers in week of action

Insurance industry targeted for climate crisis role
Activists call for insurers to stop insuring fossil fuel expansion
#cyberattack

Prudential Financial finds cybercrims inside its IT systems

Prudential Financial experienced a cyberattack in which a criminal group gained unauthorized access to certain systems and customer accounts.
The company is working with external cybersecurity experts to investigate and remediate the incident.

Cyber Insurers Warn Catastrophic Hacks Will Require Government Help

A cyberattack in the U.S. may exceed the insurance industry's capacity to cover, necessitating government intervention.
Efforts are being made to establish a federal backstop to assist insurers in the event of a catastrophic cyberattack.
Government officials and the insurance industry are discussing the details of such a program.

Prudential Financial finds cybercrims inside its IT systems

Prudential Financial experienced a cyberattack in which a criminal group gained unauthorized access to certain systems and customer accounts.
The company is working with external cybersecurity experts to investigate and remediate the incident.

Cyber Insurers Warn Catastrophic Hacks Will Require Government Help

A cyberattack in the U.S. may exceed the insurance industry's capacity to cover, necessitating government intervention.
Efforts are being made to establish a federal backstop to assist insurers in the event of a catastrophic cyberattack.
Government officials and the insurance industry are discussing the details of such a program.
morecyberattack

Insurtech Startup Cake Secures $1.3M in Pre-seed Funding

AI-powered tools are being used to revolutionize the insurance industry.
These tools can help streamline the process of buying, selling, and valuing insurance books of business.

Work From Home Insurance Jobs: No Degree Needed | Woman's World

The insurance industry offers a wide range of job opportunities, with nearly 6,000 insurance companies in the US and over $1.4 trillion worth of policies sold in 2021.
Many insurance companies have embraced remote work, providing resources and support for work-from-home employees.

Following Up With A Litigation Risk Insurance Broker (Part III)

Stephen Kyriacou Jr. believes that the main focus in the litigation and contingent risk insurance market in 2024 will be finding good opportunities for clients to insure their litigation risks.
He predicts continued growth in the market, with increased deal flow, more investment from insurers, and a wider variety of primary and/or lead insurers participating in deals.

Nearmap's Aerial Image Data and AI Is Streamlining How Insurers Can Rate and Price Risk in Australia

Nearmap's aerial image and data intelligence is helping the insurance industry innovate.
The acquisition of Betterview by Nearmap will further improve support for decisions in the insurance industry.

Smog obscures Dubai skyline on 'Health' day at COP28 climate summit

Dubai experienced a blanket of smog during the COP28 summit, bringing attention to air quality and the impacts of climate change.
Hillary Clinton called for reform in the insurance industry, as companies withdraw assistance against climate shocks and pose challenges to lower-income countries.

26 Extremelyyyyyy Useful Industry Hacks That Companies Don't Want Customers To Know

Customers can bypass automated menus by saying 'representative' or 'customer service'
Calling an insurance company's claims line can result in the call being considered a claim and impact coverage
Free pharmacy discount cards can significantly reduce medication costs for uninsured individuals

The Future of Insurance: A Business Analyst's Insight into Emerging Trends and Technologies - DATAVERSITY

The insurance industry is revolutionizing with emerging technologies like InsurTech, AI, ML, and blockchain, improving customer experience and operational efficiency.

Kyndryl and Apollo Global linked to bid for DXC Technology

DXC Technology, a struggling tech services provider, is reportedly in takeover talks with potential buyers like Kyndryl and Apollo Global.
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