Viewpoint: How Insurance Industry Can Use AI Safely and Ethically September 18, 2024 By Doug Marquis Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs...
Home Insurance Customers Staying Put Despite More Shopping Around: J.D. Power September 18, 2024 By Chad Hemenway Chubb, AIG, and Amica lead other insurers in J.D. Power’s assessment of customer satisfaction for home insurance, but the consumer...
Cigna Sues Federal Trade Commission Over ‘Defamatory’ Report September 17, 2024 By John Tozzi Cigna Group’s Express Scripts sued the US Federal Trade Commission over a recent report that the company said demonizes pharmacy...
US Property Insurance Rates Fall for First Time Since 2017 September 17, 2024 By Alexandre Rajbhandari US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid...
Personal Lines Turnaround Fuels US P/C Industry Underwriting Gain September 17, 2024 A turnaround in the personal lines insurance segment results was a key driver of an overall $3.8 billion profit from...
Big Oil Companies Defeat Consumer Lawsuit Over Production, Prices September 17, 2024 By Jonathan Stempel Several oil companies including Exxon Mobil and Chevron defeated an appeal on Monday by consumers who accused them of colluding...
DraftKings Sued by MLB Players Union for Using Names, Images September 17, 2024 By Jef Feeley Sports-betting platform DraftKings Inc. has been using names and images of Major League Baseball players without permission and in violation...
J&J Gets $260 Million Talc Verdict Overturned, New Trial Ordered September 17, 2024 By Brendan Pierson An Oregon judge has overturned a $260 million verdict against Johnson & Johnson in a lawsuit brought by a woman...
McGowan Owner Jackson Takes Reins as Big ‘I’ Chairman September 16, 2024 Todd Jackson, owner and partner of McGowan Insurance Group, has been named chairman of the Independent Insurance Agents & Brokers...
Reinsurance Outlook to ‘Neutral’; US to Push for Double-Digit Casualty Increases September 16, 2024 Fitch Ratings said reinsurers are likely to push for double-digit U.S. casualty rate increases during January renewals to keep up...