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This claim payout is speedy but will cover only a sliver of the event's cleanup and rebuilding costs.

The latest insurance industry personnel news from Liberty Company, McGill and Partners, Leif Assurance and more.

Legacy technology at Change Healthcare was missing multifactor authentication, giving cybercriminals an easy way in.

The 89 lawsuits against a corporate defendant in 2023 that resulted in a nuclear verdict of at least $10 million is the largest number of such cases in a single year since 2009.

These are the trends expected to influence commercial auto insurance in 2024.

For now, the onus is on insurers and insurtech companies to ensure AI does not cross ethical boundaries.

The court determined that letters contesting liability must be delivered, not just mailed, within 28 days.

No business is too small to fall victim to cybercriminals, says Sam Shay of Socotra.