AI moves fast – don’t get left behind. Here are the most important updates, use cases, and innovations in AI, curated for busy insurance professionals who want to stay ahead this month.
Latest Articles as of February 5
News: Severe convective storms are the new #1 global insured peril
The root of it: Severe convective storms (SCS) have emerged as the dominant driver of insured catastrophe losses worldwide, according to Aon’s 2026 Climate and Catastrophe Insight report. High-frequency, high-severity events – mainly concentrated in the US – generated $61 billion in insured losses in 2025 alone. Since 2020, SCS have produced more billion-dollar loss events than tropical cyclones, signaling a structural shift in catastrophe risk and loss volatility that insurers must now manage.
News: Dissatisfied customers shopping around for a better experience are worrying insurers
The root of it: Insurers face rising pressure as dissatisfied customers shop around, forcing carriers to rethink how they define and deliver the customer experience. Industry experts consulted by Insurance Thought Leadership (ITL) stress that CX must serve the whole insurance ecosystem – not only claimants and policyholders, but also adjusters, agents, and brokers. The discussion emphasizes starting with real operational problems before applying GenAI or agentic AI to reduce uncertainty, improve communication, and streamline claims workflows.
News: State Farm seeks Oklahoma Supreme Court’s intervention in customer lawsuit
The root of it: State Farm has filed with the Oklahoma Supreme Court to block the state’s Attorney General from intervening in a hail-claim lawsuit alleging the insurer systematically shortchanged Oklahoma policyholders on roof damage claims. The lawsuit centers on accusations of coordinated claim-handling practices. The carrier argues that the AG lacks authority to join a private civil case – a contention that could affect access to discovery and broader regulatory scrutiny.
News: Toyota launches short-term app-based instant on-demand insurance in Europe
The root of it: Toyota Insurance Services Europe has partnered with digital insurer Cuvva to offer short-term, app-based auto insurance for Toyota and Lexus drivers. The product enables users to activate fully comprehensive coverage on demand for test drives, temporary needs, gaps between annual policies, and other specific uses. The move highlights how vehicle manufacturers and insurers are experimenting with embedded, usage-driven insurance models delivered through mobile platforms.
News: North American risk professionals' salaries jumped an average of 11%
The Root of it: North American risk professionals have seen salaries rise an average of 11% since 2023, according to the Risk and Insurance Management Society’s (RIMS) 2025 Compensation Survey. Chief risk officers and VPs of risk management led gains, with pay up 16% to a median base salary of $245,000. The survey (1,068 respondents across the U.S. and Canada) also found a median US base salary of $160,000 in 2025 and compensation linked to individuals’ credentials, education, and supervisory scope.
The root of it: French authorities searched the Paris offices of the Elon Musk-owned social media platform as part of a criminal cybercrime investigation opened in January 2025 into alleged organized manipulation of automated systems and fraudulent data extraction under French law. Musk and former CEO Linda Yaccarino have been summoned for voluntary questioning in April. X characterizes the raid as politically motivated and denies any wrongdoing.
News: AI agents create their own “bots only” social network
The root of it: A new social network called Moltbook, where AI agents post and interact with one another, is raising new security and privacy concerns. Built around the viral AI assistant Moltbot, the platform allows autonomous agents – already capable of managing emails, files, shopping, and messages – to share information publicly and privately. Researchers warn that this combination of deep system access, persistent memory, and agent-to-agent communication could create unprecedented security risks.
Read our 2025 State of AI Adoption in Insurance Report for insights and perspectives on AI adoption from insurance executives.