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A law firm initially proposed a $100,000 settlement and alleges the insurer concealed a $500,000 death-claim limit.

The April 9 release outlines concerns over bias and transparency in AI-supported decisions, particularly in underwriting.

Insurance companies are in a unique and powerful position to influence behaviors.

Estimates from the NHTSA also showed that traffic deaths of people ages 15 to 24 increased 6% in the first half of 2023 compared to the same period in 2022.

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.

State Farm currently holds around 8.7% of all home insurance policies in California.