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The U.S., China and Japan would be the hardest hit if the hypothetical, but plausible, scenario unfolded, according to the London market.

Data privacy and cyber risks are the areas that cause the most worry around generative AI use.

At-Bay dives into the claims data to uncover ways organizations can enhance data backup strategies.

This story is part four of a five-part series for the Insurance Industry Charitable Foundation (IICF) Week of Giving.

The company prevailed before the New Jersey Appellate Division in its argument that it is not required to cover a personal injury claim because the injured person lived with the policyholder.

Florida accounts for only 9% of U.S. insurance claims but represents 79% of homeowners' lawsuits.

According to IBM, the average cost of a data breach in the U.S. is $9.44 million.

This is a first step toward a broader effort to curb ransom payments to hackers.