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For decades, insurers have leaned on spreadsheets and aging legacy systems to handle one of their most vital tasks: pricing. But as market forces evolve and competitive pressures mount, those once-trusted tools are proving obsolete.
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The U.S. Securities and Exchange Commission alleges that a firm which scooped up struggling retail names like RadioShack and Pier 1 Imports—touting lofty e-commerce ambitions and outsized investor returns—was in fact running a Ponzi-style scheme.
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China’s massive electric-vehicle insurance market is reeling, with losses mounting as insurers’ risk models struggle to keep pace with shifting vehicle economics and changing driver habits.
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ACE American Insurance Co. has filed a lawsuit to recoup the $500,000 it paid after a ransomware attack on a staffing company, arguing that the cloud-computing and cybersecurity firms hired by its policyholder—not the insurer—should be held liable for the loss due to their alleged negligence.
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Marsh McLennan, which mourned the loss of 358 employees in the September 11, 2001 World Trade Center attacks, sent a powerful message in Washington today. Michelle Sartain, a 28-year veteran of the firm, urged lawmakers to renew the Terrorism Risk Insurance Act, underscoring the enduring need for protection against catastrophic threats.
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The Federal Trade Commission has demanded that Alphabet’s Google, OpenAI, Meta Platforms, and four other leading AI chatbot developers provide detailed information on how their technologies affect children.
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Health insurance premiums are poised for a steep climb in 2026, as over 300 ACA marketplace insurers propose average rate hikes of 20%. With premiums rising sharply with age in most states, early retirees who haven’t yet qualified for Medicare could face an even tougher battle to keep their coverage affordable.
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Health insurance costs in the U.S. have climbed relentlessly for four straight years—and 2025 is set to bring the steepest surge yet. Employers across the country are preparing for the largest increase in premiums in 15 years, according to a sweeping survey of more than 1,700 companies.
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Just days before new rules were set to take effect, a federal judge on Friday froze key parts of the U.S. Health and Human Services Department’s planned overhaul of the Affordable Care Act marketplace.
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In Hawaiʻi, a married couple left without hurricane insurance now fears the growing threat of natural disasters.
For decades, insurers have leaned on spreadsheets and aging legacy systems to handle one of their most vital tasks: pricing. But as market forces evolve and competitive pressures mount, those once-trusted tools are proving obsolete.
