How AI Helps Insurers Combat Fraud, Legal System Abuse
By Lewis Nibbelin, Research Writer, Triple-I At least 10 percent of property/casualty insurance claims may be fraudulent, adding up to billions of dollars in fraudulent insurance claims every year, the National Insurance Crime Bureau estimates. While legislative reforms are necessary to combat fraud and legal system abuse, many insurers are turning to artificial intelligence and … Continue reading How AI Helps Insurers Combat Fraud, Legal System Abuse
Partnering for Resilience: Protecting Homes Through Stronger Roofs
By Loretta L. Worters, Vice President, Media Relations, Triple-I Roof damage is a leading driver of insured losses and recovery costs. When a roof fails, the damage rarely stops there. Water intrusion can destroy interiors, equipment, inventory, and critical infrastructure, often leading to business interruptions, displacement, and significant financial hardship. As hurricanes, hailstorms, tornadoes, wildfires, … Continue reading Partnering for Resilience: Protecting Homes Through Stronger Roofs
New EU sanctions target Gazprom, maritime insurance broker
The European Council has sanctioned a new round of companies supporting Russia’s war in Ukraine, including Russian oil company PJSC Gazprom and Lukoil West Siberia Ltd., as well as a maritime insurance broker linked to Russia’s shadow fleet, The Maritime Executive reported. The listing includes a total of 24 entities and their vessels, which have […]
India’s government plans to sell off 5% of GIC
The Indian government plans to sell up to a 5% stake in General Insurance Corporation of India through an offer for sale, part of its effort to meet the market regulator’s minimum public shareholding requirement for the company, Reuters reported. The government previously sold a 3% shareholding in September 2024.