Tue, 10th Sep 2024

In a weekly wrap-up of the top insurance news, Paige Estritori of Financial Services Online targets several key topics. Autonomous vehicles are set to significantly reshape the insurance landscape, transitioning liability from human drivers to software developers and manufacturers, potentially complicating claims processing and increasing costs. Coalition, a security leader, has launched an innovative reinsurance entry, Coalition Re. Partnership with capacity providers like Aspen can offer carriers insights into their cyber risk portfolios and provide specific pricing of non-proportional reinsurance contracts. The importance of detailing insurance terms and conditions is underscored by a car theft claim rejection case due to a clause about street parking overnight. Furthermore, a travel insurance claim denial due to a flight cancelled by the crew breaching legal work timings also demonstrates the boundaries of policies. The podcast signs off with a reminder to stay proactive and informed about insurance policies.n