Policy discussions on the use of artificial intelligence in insurance are ‘unfounded’ and ‘detrimental to policyholders,’ according to an analysis from the National Association of Mutual Insurance Companies (NAMIC). The use of AI in insurance underwriting and rate making has …
For the first time in four years, the U.S. property/casualty industry will finish a year with an underwriting profit. AM Best in a “First Look” at U.S. P/C financial results said the industry left 2024 with a $22.9 billion net …
Directors and officers (D&O) coverage is critical for any organization that is governed by a board of directors. It provides coverage for those decisions that the board makes in good faith for the benefit of the organization. They need this …
Even if your concerns seem minor, don’t disregard your gut instinct. If you are worried about actions or behaviors from the recruiter you’re working with, remember that they are doing the same thing with candidates, which is problematic because candidates …
The debate over what constitutes “illegal DEI” has intensified following recent executive orders from the U.S. president. The orders instruct federal agencies to identify organizations engaging in potentially unlawful diversity, equity, and inclusion (DEI) activities, targeting them for compliance investigations. …
Architects and engineers professional liability insurers report concerns about the persistent effects of inflation on claim expenses, uncertainty about the U.S. economy, higher risk project types and professional design disciplines, as well as new exposures from artificial intelligence (AI), according …
In recent months, the Wall Street Journal has published long articles regarding how expensive—to the point of not being affordable—homeowners and auto insurance have become. Insurance companies should not be so confident that raising rates significantly is a one-sided positive …
Florida insurers, often on the receiving end of insureds’ complaints in the courts and in the news media, may take heart from a recent ruling by a Florida appeals court, which draws a bold line under insureds’ responsibilities after a …
Claims, communication, and technology are the top three concerns for independent agents when placing new business with a carrier, according to insurtech Vertafore. The findings were the result of a survey of nearly 1,300 insurance professionals including account managers, agency …
A federal judge has awarded nearly $2 million in damages as part of a civil lawsuit after concluding an FBI agent was negligent when he fatally shot a kidnapped Texas man during a botched rescue attempt in 2018. The family …
