By Jaclyn Jaeger2025-09-08T16:49:00
Cyber threats, climate-related catastrophes, and disruptive technologies are among the top risks that continue to transform the U.S. insurance industry today. This article examines a few of these critical risks and describes how chief risk officers (CROs) at some of the nation’s largest insurance companies are tackling them head-on.
Nonfinancial risk management is “gaining traction,” said Erwann Michel-Kerjan, leader of McKinsey’s insurance and risk practices in North America.
“We are witnessing more boards expecting measurable progress across these topics to better protect the insurer and, ultimately, their shareholders and customers.”
2024-01-17T18:28:00Z By Kyle Brasseur
The New York State Department of Financial Services issued for public comment guidance for insurers operating in the state regarding their use of artificial intelligence systems and other predictive technologies.
2023-12-01T21:20:00Z By Neil Hodge
Insurers embracing artificial intelligence-based technologies might pose serious risks to companies buying insurance if the risk data used to price their insurance premiums is used to train AI algorithms or shared on commonly used chatbots like ChatGPT.
2023-06-27T23:42:00Z By Jeff Dale
The Treasury Department’s Federal Insurance Office issued a report on gaps in how states supervise and assess climate-related risks among insurers.
2025-09-24T18:54:00Z By Aly McDevitt
Amid Syria’s descent into civil war, Lafarge’s quest to keep its $680 million cement plant running led to secret deals with terrorists—and ultimately, a historic U.S. Department of Justice prosecution for aiding ISIS.
2025-09-24T14:01:00Z By Aly McDevitt
Paris-based cement maker Lafarge thought it was saving a plant—instead, it built a pipeline to the Islamic State of Syria.
2025-09-23T13:59:00Z By Aly McDevitt
Middlemen were used and invoices were falsified, but the trail remained. French cement maker Lafarge’s Syrian cement plant began as a business in a war zone, but it soon spiraled into a revenue-sharing agreement with ISIS that led to historic charges of financing terrorism.
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