Big Data, AI and the Rate-Making Revolution Can Mean Intellectual Property Trouble for Rating Organizations July 1, 2024 By Elizabeth Tosaris The insurance industry has increasingly relied upon the use of big data to enhance its operations and core functionalities, and...
AI, Economy, Geopolitical Conflicts Lead to Highest Level of Corporate Risk in 12 Years: Report July 1, 2024 Economic volatility, geopolitical upheaval and artificial intelligence (AI) have driven the corporate threat level to its highest in 12 years,...
Industry Drill Down: NCCI Sees Declines in Construction Claim Frequency June 17, 2024 By Jahna Jacobson The construction sector accounts for the largest premium share when it comes to workers’ compensation premium in National Council on...
Increased NFIP Discounts Coming to East Baton Rouge June 17, 2024 In Louisiana, East Baton Rouge Parish residents and business owners will be eligible for an increased discount on their flood...
A Look at Reciprocal Insurers From 30,000 Feet June 17, 2024 By Michael Rosenfield and Jacob Grossman For years, newly organized reciprocal insurers were few and far between and were not the preferred vehicle for new entrants...
Louisiana Lawmakers Pass Auto Insurance Reform Bills June 17, 2024 By Ezra Amacher Louisiana lawmakers passed a series of auto insurance reform bills that aim to bring availability and competition to the market...
Nationwide’s Chetan Kandhari Said the Company Is Working to Build a Bionic Workforce. June 17, 2024 By Elizabeth Blosfield Nationwide’s Chetan Kandhari said the company is working to build a bionic workforce. Maybe that brings to mind robots, futuristic...
Wisconsin Average Indemnity Benefit Grew 10% in 2022: Study June 17, 2024 Wisconsin’s average indemnity benefit per claim grew nearly 10% in 2022, fueled by large growth in the average duration of...
American National Exiting Homeowners Insurance Market June 17, 2024 By Chad Hemenway and Don Jergler Following its announcement several months ago to leave the homeowners insurance business in nine states including California and Louisiana, American...
Bayer Plans Renewed Push for Legal Shield Against Cancer-Related Lawsuits June 17, 2024 By David A. Lieb After failing in several U.S. states this year, global chemical manufacturer Bayer said Tuesday that it plans to amplify efforts...