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Fewer than half of industry execs consider their companies 'advanced' in the main areas of business evolution.
In 2023, the Texas Dept. of Insurance issued Go a cease and desist after receiving over 50 complaints about the company's practices.
Data from Insurity's 2024 AI in Insurance Report show consumers are against AI in underwriting and claims management.
Insurance industry news from EMC Insurance, PoloWorks, King Insurance Partners and more featured in weekly update.
Insurers now issue stricter policy language and insert more sub-limits and exclusions into cyber coverage.
The court found the potential for coverage because the policy applied to two structures on the same undivided parcel.
Auto policy shopping has become more active, as the number of customers "just browsing" quotes has dropped.
This case serves as a stark reminder of a growing threat: fraudulent claims facilitated by artificial intelligence.
Tesla settled with the family of Walter Huang for an undisclosed amount after he was killed in a crash while using its Autopilot software.
The plaintiffs intend to file a bad-faith suit in the case after their insurance company repeatedly refused to tender its policy until shortly before trial.
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