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State Farm Sued Over Policies Backed by Distressed Insurer PHL

State Farm Sued Over Policies Backed by Distressed Insurer PHL

State Farm Mutual Automobile Insurance Co. faces a lawsuit accusing it of fraud and unjust enrichment for selling products from PHL Variable Insurance Co., which authorities say has a $2.2 billion capital shortfall that left policyholders with...

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PwC: Insurance Execs Say Agentic AI Leading Industry Transformation

PwC: Insurance Execs Say Agentic AI Leading Industry Transformation

More than half of insurance executives say generative and agentic artificial intelligence are the technological investments that will have the most transformative impact on the industry over the next three years, according to PwC. The professional...

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