Insurance Journal

?? New Rule Alert: On Jan 16, the U.S. Department of Commerce issued a final rule targeting tech in connected vehicles. ???? The rule, now in effect as of March 17, prohibits certain unauthorized transactions involving vehicle hardware and software that’s manufactured and supplied by foreign countries, mainly China and Russia, citing national security concerns. Big changes are coming. What challenge do you think will have the biggest impact on the auto insurance industry under this new rule? This new rule, and more, will be discussed on the next episode of?Between the Lines with Carrier Management's Elizabeth Blosfield. Save your seat at https://lnkd.in/gB9Eie6q ?

https://lnkd.in/gbg4_KNj Ensuring proper preparation, practicing incident response, and leveraging expert resources can help insureds minimize risks and secure appropriate cyber coverage. Watch this excerpt from the latest cyber webinar with Carrier Management Deputy Editor Elizabeth Blosfield and Courtney Hans, MBA of AmTrust Financial Services, Inc.! -Emphasize Preparation: Developing an incident response plan and conducting tabletop exercises helps build habits that mitigate emotional decision-making during a crisis. -Leverage Expert Resources: Engaging experienced adjusters, breach coaches, and forensics teams ensures a calm, strategic response to cyber incidents. -Understand Policy Boundaries: Clear communication with insurers helps insureds avoid costly mistakes by staying within policy coverage limits. To watch the full webinar on demand, click here: https://lnkd.in/g93NiZre #CyberSecurity #IncidentResponse #RiskManagement

New York Attorney General Letitia James has secured $975,000 in penalties from auto insurance company Root over a data breach that the state says exposed the personal information of about 45,000 New Yorkers. Root does not offer insurance in New York, but scammers gained access to New Yorkers’ driver’s license numbers and personal information, according to the attorney general. https://lnkd.in/dm5EwHeP

The National Highway Traffic Safety Administration is investigating nearly 1.3 million Ford F-150 pickup trucks in the United States over reports of an unexpected gear downshift accompanied by a temporary rear wheel lock-up. https://lnkd.in/dDM67axM

Duffy said earlier this month that he planned to ask Congress for tens of billions of dollars for a multi-year effort to revamp Federal Aviation Administration air traffic control infrastructure, including buying new radar systems and new air traffic control terminals and boosting hiring after a series of aviation safety incidents raised alarm. https://lnkd.in/gh858Wuu

The US Federal Communications Commission is prepared to block mergers and acquisition proposals from companies that promote “invidious” DEI policies, according to chairman Brendan Carr. https://lnkd.in/gvNhHaNF

Don’t Miss This New Between the Lines: How Insurers Can Adapt to Self-Driving Tech Shifts! With regulatory changes banning Chinese and Russian tech in self-driving cars, insurers must rethink risk models and collaborate with automakers to stay ahead. Carrier Management Deputy Editor and Host Elizabeth Blosfield speaks with Michael Anderson MBA, Industry Advisory Lead at Guidewire Software, Linda Watson, Chair of Automotive and Manufacturing Industry Group at Clark Hill Law, and Melissa Ventrone, Leader of the Cybersecurity, Data Protection, and Privacy Practice at Clark Hill Law. Sign up for free today at?https://lnkd.in/gB9Eie6q Main Topics Covered: ? The evolving regulatory landscape is reshaping risk profiles for autonomous vehicles. ? Insurers need to leverage data-sharing partnerships with automakers and tech providers. ? Cybersecurity and data protection challenges will play a critical role in future coverage decisions. #RiskManagement #SelfDrivingTech

Three bills that would chip away at or substantially reverse 2022 and 2023 reforms on attorney fees and medical damages passed Florida House subcommittees by wide margins on Thursday. But the consensus at the state Capitol is that most of the proposed changes won’t survive the Senate. https://lnkd.in/gwR7hvAg

Artificial intelligence technology has continued to evolve, and it’s affecting many areas of insurance from claims to underwriting to customer service, according to panelists at the 2025 PLUS D&O Symposium in New York City. But has the technology developed so much that it could replace human underwriting in the next five years? https://lnkd.in/gVSwhK_G

Are you 40 or younger and working in insurance? Or do you know someone who is? Insurance Journal is conducting its annual Young Insurance Agents Opinion Survey—and we want your take! ??Share your thoughts on the industry, your agency, and what matters most to young professionals in insurance today. ?? Take the survey here: https://lnkd.in/g4MSJpt7 ?? It only takes about 10 minutes ??? All responses are confidential ?? Results will be featured in an upcoming issue of IJ ↗?And don’t forget to share it with other young agents! #insuranceagents #youngprofessionals #insuranceindustry #survey