Monthly Archives: <span>July 2023</span>

UBI-Use Rises as Customer Satisfaction Declines

Auto insurance rates are rising and that is leading consumers to look at usage-based insurance (UBI) options to help defray some costs. About one third of auto insurance customers in the U.S. reported a rate increase in the past year, …

The Industry Shouldn’t Compete on Cybersecurity

With cyber risk growing for small businesses, the insurance industry should cooperate on cybersecurity. The National Cybersecurity Alliance reports that small and midsize businesses are “easy targets” for cybercriminals. Small firms represent 58% of cybercrime victims, according to SCORE, a …

3 Emerging Risks to Watch: The Rise of Robotics, Infrastructure Spending, Vehicle Subscriptions

Years ago, it may have been hard to imagine a time when robots could have nine-to-five jobs and handle household chores, drivers could subscribe to luxury vehicle features like heated seats and big infrastructure projects would become common across the …

Is Insurance Recruiting Being Impacted by Artificial Intelligence?

The movie Terminator 2 is the first thing that comes to mind when I hear about artificial intelligence. A universe where machines take over our daily lives seems so distant from my reality. Then I’m reminded that I use AI …

New Mexico Reaches $500M Settlement with Walgreens in Opioid Case

New Mexico has settled with Walgreens for $500 million over the pharmacy chain’s role in distributing highly addictive prescription painkillers. The agreement was signed in March, and state officials confirmed that a confidentiality provision on the agreement was lifted last …