INSURASALES

Tag: Risk Management

Non-life Insurance: Emerging AML Risks Demand Updated Compliance Strategies

Non-life insurance poses increasing AML risks due to evolving criminal fraud tactics. Insurers must update compliance frameworks with AI-driven detection and cross-functional collaboration.

Over One-Third of U.S. Drivers Lack Adequate Auto Insurance Coverage

More than one-third of U.S. drivers lack sufficient auto insurance, increasing financial risks. Understanding uninsured and underinsured motorist coverage is critical for risk management and insurance compliance.

Hanover Insurance Leads Specialty Growth with Tech-Driven Strategy in P&C Market

Hanover Insurance Group excels in the U.S. property and casualty sector by leveraging technology and strategic diversification for specialty insurance growth and strong dividend yield. Market leaders like Progressive and Heritage also pursue targeted growth and underwriting discipline.

Navigating the 2024 Hard Market in Commercial Auto Insurance

Explore the 2024 commercial auto insurance hard market dynamics, including underwriting challenges, telematics use, shifting risk strategies, and emerging cyber risks impacting fleet insurance.

California Advances Wildfire Mitigation with Senate Bill 326 and Zone 0

California's Senate Bill 326 accelerates wildfire mitigation through 'Zone 0' buffer regulations, enhancing home protection and wildfire resilience with scientific risk assessments and funding support.

Mercury Insurance Advances Storm Preparedness with Homeowner Checklist

Mercury Insurance promotes storm preparedness with a checklist to help homeowners mitigate property damage and manage risk during severe weather seasons across multiple U.S. states.

Plaintiff Legal Advertising Surge Raises Insurance Cost Concerns

Explore how a 32% rise in plaintiff attorney advertising in 2024 is influencing U.S. property and casualty insurance costs, with insights from expert Robert P. Hartwig.

Hippo Appoints Robin Gordon as Chief Data Officer to Advance AI and Analytics

Hippo announces Robin Gordon as Chief Data Officer to enhance AI-driven analytics and risk management strategies in insurance.

Franklin Mutual Insurance Boosts Underwriting with AI-Powered Aerial Imagery

Franklin Mutual Insurance enhances underwriting efficiency and accuracy using Nearmap’s AI-driven aerial imagery platform, supporting cost reduction and growth.

Texas Car Insurance Costs Soar Amid Complex Risk and Regulatory Environment

Explore why Texas car insurance rates are among the highest in the U.S., driven by risk factors, uninsured drivers, and regulatory challenges impacting premiums.