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The change will go into effect July 1, 2023, and affects initial license applications, renewal applications and payments.
The 'sweet spot' for insurers when using machine learning involves gaining a clearer picture of customer behaviors.
Branded calling technology helps insurers that are struggling with low call-answer rates among customers.
State Farm is expected to maintain its leading market share in California even without writing new business, according to Fitch Ratings.
Increasing competition means agents and brokers will need to leverage new ideas and innovation to succeed.
Underwriting has also tightened, particularly for properties on the coast or in areas prone to natural catastrophes.
Business owners are realizing that they are either uninsured or vastly underinsured for cyber protection.
Are the middle market and private company D&O the keys to unlocking new opportunities in this sector?
Insurance technology news from CAPE Analytics, Coaction Specialty Insurance, Nirvana and more.
Or, how an underwriter taught me proper cyber hygiene practices for the cloud.