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A law firm initially proposed a $100,000 settlement and alleges the insurer concealed a $500,000 death-claim limit.
High winds from these storms reportedly cut power to more than 250,000 customers across the south on Wednesday.
The April 9 release outlines concerns over bias and transparency in AI-supported decisions, particularly in underwriting.
Insurance industry news from Generali Investments Holding, Devonshire UW Limited, SageSure and more featured in weekly update.
The average cost of insuring a U.S. home last year was $1,905 — 50% higher than 2019.
The SEC said it will resume implementing the rule depending on the resolution of the legal challenges.
In 2023, the number of dog bite and injury claims was up 8% compared with the year prior and 110% compared with the past decade.
The climate strategy was developed under the coordination of the NAIC's Climate and Resiliency Task Force.
Travelers Insurance's auto expert offers tips to help drivers stay safe during this year's celestial event.
Cyberthreat actors are increasingly using AI to perpetuate fraud, the U.S. Treasury Department reports.
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