In a striking reflection of the unpredictable nature of weather-related challenges facing the insurance industry, Allstate Corp., one of the leading personal lines insurers in the United States, has disclosed pretax catastrophe losses amounting to $213 million for August. This figure, while
In an era where technology advances at a breakneck pace, the customer service industry finds itself at a critical crossroads, grappling with the question of whether automated bots and artificial intelligence can fully take over the roles traditionally held by human agents. Picture a scenario where
Imagine a state where the very ground beneath homes is threatened by rising seas, where storms grow fiercer each year, and where the dream of homeownership is increasingly out of reach due to skyrocketing insurance costs. This is the reality for Florida, a state on the front lines of a climate
In the face of skyrocketing auto insurance premiums that have long burdened Florida drivers, a significant shift has emerged with the implementation of a groundbreaking litigation reform law known as HB 837, enacted a couple of years ago. This legislative change has sparked hope among consumers and
In an era where digital threats can cripple entire industries overnight, the recent cyberattack on Jaguar Land Rover (JLR), resulting in daily losses of £72 million, paints a chilling picture of economic vulnerability, and this ransomware incident, which has paralyzed production since late last
The propane insurance market is navigating turbulent waters this year, presenting a stark reality for marketers across the United States who are wrestling with unprecedented challenges in securing coverage. A hardening landscape defined by shrinking insurer capacity, soaring premiums, and
In a world where the insurance industry often lags behind in adopting cutting-edge technology, a Paris-based startup is making waves with a fresh approach that challenges the status quo. Seyna, an innovative player in the InsurTech space, has recently secured a €10 million funding round, bringing
In a startling revelation that has sent shockwaves through the insurance industry, a massive data breach at Farmers Insurance Exchange and its subsidiaries has compromised the personal information of over 1.1 million customers across the United States, highlighting the urgent need for stronger
What happens when a small business, the backbone of the Canadian economy, falls victim to a cyberattack that wipes out years of hard work in mere hours? With over 98% of businesses in Canada classified as small or mid-sized enterprises (SMEs), the risk is not just real—it's rampant, and cyber
Short introduction In a landscape where cyber threats evolve at a relentless pace, understanding the latest trends in cyberattacks and cyber insurance is crucial for businesses and insurers alike. Today, we’re joined by Simon Glairy, a renowned expert in insurance and Insurtech, with deep expertise
