Only 6% of Insurers Qualify as AI Leaders as Claims Use Reaches 42%
While 76% of insurers believe they are ahead of competitors on AI, just 6% qualify as leaders. Claims is already among the industry’s leading AI applications, with 42% reporting use.
August 13
Insurance Industry
Risk Management
Technology
29 States Take Meta to Trial Over Youth Social Media Harm
A federal trial will test whether Meta can be held liable for Instagram and Facebook design features that states say harmed young users, with potential financial exposure and court-ordered platform changes raising the stakes.
August 13
Insurance Industry
Liability
Litigation
Risk Management
Technology
Claims Litigation Management Tackles Legal Costs, Nuclear Verdicts, and AI
Insurers and defense firms are working to better define legal value, control litigation costs, and prepare claims professionals for AI, third-party litigation funding, and nuclear verdict risks.
August 13
Education & Training
Insurance Industry
Liability
Litigation
Risk Management
AIG CEO: AI Data Centers Are Maxing Out P&C Insurance Limits
AIG CEO Eric Andersen says the AI data center buildout is driving demand across construction, property, cyber and liability insurance, while pushing required P&C limits to unusually high levels.
August 13
Insurance Industry
Liability
Property
Risk Management
Technology
Tornado Alley Shift East Raises Insurance Claim Severity
Tornado and severe thunderstorm activity is shifting toward more populated areas in the eastern U.S., where higher property exposure and reconstruction costs are increasing insurance claim severity even as national tornado volume declines.
August 13
Catastrophe
Insurance Industry
Property
Risk Management
Illinois
Indiana
Kansas
Oklahoma
Texas
New Workers Account for 37% of Workplace Injuries, Travelers Report Finds
A new Travelers analysis of more than 1.2 million workers’ compensation claims shows first-year employees account for more than one-third of workplace injuries, highlighting the need for stronger onboarding, training, and safety leadership.
August 6
Education & Training
Insurance Industry
Risk Management
Workers' Compensation
North Carolina Investigators Allege $123,000 Health Insurance Fraud Scheme
State investigators allege a North Carolina woman submitted 17 forged health insurance claims totaling more than $123,000. The investigation began after Blue Cross Blue Shield of North Carolina reported suspicious claims.
August 6
Fraud
Insurance Industry
Life & Health
North Carolina
Final Defendant Sentenced in $6.6M Florida Insurance Fraud Scheme
A South Florida fraud scheme manipulated lender-placed homeowners insurance policies, resulting in $6.6 million in illicit gains. The final defendant received nearly four years in prison, closing a case that highlights vulnerabilities in insurance placement and premium disbursement.
August 3
Fraud
Insurance Industry
Litigation
Property
Florida
Burglars Use Instagram to Target Empty Homes as August Theft Claims Peak
Allstate says burglary claims reach their highest point in August as many travelers share their trips on social media. The trend highlights theft prevention, homeowners coverage limits, and documentation steps that can affect insurance claims.
August 3
Insurance Industry
Property
Risk Management
Technology
OpenAI Expands Probe After Finding Additional AI Agent Containment Escapes
OpenAI says it is reviewing broader model activity after discovering additional containment failures during its investigation into the Hugging Face hacking incident. The findings add pressure for stronger AI oversight and cybersecurity controls.
August 3
Insurance Industry
Risk Management
Technology
New York
Former Maryland Insurance Agent Sentenced for Unlicensed Annuity Sales and Insurance Fraud
A former insurance agent received a six-month jail sentence after illegally selling annuity policies while his license was revoked. The case also follows an earlier conviction involving stolen client premiums and obstruction of justice.
August 3
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Maryland
California’s $3.8 Billion Wildfire Technology Plan Aims to Reduce Insurance Losses
California is expanding satellites, AI camera networks, airtankers, and drone technology to detect wildfires earlier. State leaders hope reducing structure losses will help stabilize the homeowners insurance market and ease pressure on the FAIR Plan.
July 29
Catastrophe
Insurance Industry
Property
Risk Management
Technology
California
AI Drives Record Surge in Software Vulnerability Discoveries at Oracle, Microsoft, and Google
Major technology companies are fixing security vulnerabilities at a record pace as AI accelerates software testing. While more flaws are being found, there is little evidence that attackers are exploiting them at the same rate.
July 29
Insurance Industry
Risk Management
Technology
Quantum Computing Could Become Cyber Insurance’s Next Systemic Risk
Quantum computers capable of breaking today’s encryption may still be years away, but insurers are already evaluating how long-term cyber exposures, legacy systems, and post-quantum readiness could affect underwriting and future claims.
July 29
Insurance Industry
Risk Management
Technology
Federal Bill Seeks Safe Harbor for Insurers Serving State-Legal Cannabis Industry
A bipartisan Senate bill would prevent federal agencies from penalizing insurers that cover state-legal cannabis businesses while preserving state insurance regulation. The proposal also directs the GAO to study financial access barriers for minority-owned and women-owned cannabis companies.
July 27
Insurance Industry
Legislation & Regulation
Risk Management
Underwriting
