Climate Crisis Threatens Global Insurance Markets as Natural Disasters Intensify
Insurance costs are surging worldwide as climate-related disasters become more frequent and severe, with some regions facing widespread uninsurability. Australia's 28% premium spike and Los Angeles' coverage crisis highlight growing challenges that could leave millions of properties unprotected by 2030.
California Mandates Human Review for AI-Powered Insurance Decisions
California implements groundbreaking legislation requiring human oversight in AI-based health insurance claims processing, addressing concerns about automated denials. The new law prohibits sole reliance on AI algorithms while establishing compliance monitoring and penalties for violations.
Major Security Flaw at LIC India Exposed Millions of Confidential Insurance Documents
India's largest insurer LIC faced a critical security breach allowing unauthorized access to sensitive customer data through a simple URL manipulation. The vulnerability, discovered by an engineer and later patched, exposed personal, financial, and medical information of millions without any authentication requirements.