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For now, the onus is on insurers and insurtech companies to ensure AI does not cross ethical boundaries.
Global tax services provider Ryan has already filed suit in a Texas federal court claiming this action exceeds the FTC's statutory authority.
Despite the current hard-market challenges, now may be the perfect time to become an independent insurance agent.
The P&C sector saw the most activity during Q1 2024 with a total of 106 deals, according to Optis Partners.
Data from Insurity's 2024 AI in Insurance Report show consumers are against AI in underwriting and claims management.
One in five ultra-wealthy individuals plan to invest in real estate during 2024, according to Knight Frank.
Cybercriminals use emotional manipulation to overcome vishing victims' common sense and cybersecurity training.
Most auto and homeowners insurers are using AI tools in their marketing efforts to reach new policyholders.
Most policyholders blame inflation and home prices for recent premium increases.
Award-winning agencies elaborate on their technology integration and methods for staying informed about evolving policyholder needs.
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