2+ hour, 16+ min ago  (517+ words) PHILADELPHIA " Geopolitical conflicts, climate and cyber events are reshaping risk for manufacturers and embedding resilience across operations and supply chains is critical, two chief risk officers said Tuesday at the Risk & Insurance Management Society's Riskworld conference. Supply chain risks are…...

7+ hour, 55+ min ago  (206+ words) (Reuters) " Apple on Tuesday settled for $250 million a shareholder lawsuit brought after the company delayed artificial-intelligence upgrades to its Siri voice assistant. The lawsuit, filed by Peter Landsheft in U. S. federal court in California in 2024, arose after the i Phone maker…...

23+ hour, 16+ min ago  (370+ words) PHILADELPHIA " Risk professionals should tap into animal traits and take a strategic, curiosity-driven approach to risk, rather than just buying insurance and hoping for the best, panelists said Tuesday at the Risk & Insurance Management Society's Riskworld conference. Effective risk management…...

1+ day, 3+ hour ago  (332+ words) PHILADELPHIA " Explosive growth in data center construction is outpacing the insurance industry's ability to provide capacity, raising concerns about risk concentration and available limits, a senior executive said Tuesday at the Risk & Insurance Management Society's Riskworld conference. Demand for data…...

2+ day, 2+ hour ago  (92+ words) businessinsurance. com Sedgwick launches AI-powered claims "ecosystem Sedgwick on Monday unveiled a digital platform for claims and risk management, designed to transform the future of claims handling through artificial intelligence, machine learning and predictive analytics. Omni combines Sedgwicks proprietary data,…...

2+ day, 2+ hour ago  (402+ words) PHILADELPHIA " Parametric insurance is gaining traction among corporate buyers across a widening range of industries as companies look to address gaps in traditional property programs and expand coverage for natural catastrophe risks, an expert said Monday at the Risk & Insurance…...

1+ day, 21+ hour ago  (387+ words) businessinsurance. com AI-fueled fraud creates new cybercrime frontier for risk managers PHILADELPHIA " As artificial intelligence reshapes cybercrime, risk managers are facing a new frontier where fraud is faster, more convincing and harder to stop, according to an expert who spoke…...

2+ day, 2+ hour ago  (341+ words) PHILADELPHIA " Generative artificial intelligence may be transforming business operations at record speed, but regulation and risk management are struggling to keep pace, according to speakers Monday at the Risk & Insurance Management Society's Riskworld conference. Ward Ching, San Francisco-based managing director…...

2+ day, 2+ hour ago  (244+ words) PHILADELPHIA " A confluence of social inflation, emerging risks and talent shortages is reshaping the claims environment, a panel of experts said. Claims are becoming more complex and longer-tailed, with "more nuclear verdicts" and unpredictable liability outcomes, David Wald, president and…...

2+ day, 3+ hour ago  (119+ words) Arthur J. Gallagher & Co. on Monday launched Gallagher Blueprint, software using artificial intelligence to analyze data designed to help clients strengthen their risk profile and make insurance decisions. The software crunches proprietary client and broker data to produce a risk profile…...