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These are the trends expected to influence commercial auto insurance in 2024.
For now, the onus is on insurers and insurtech companies to ensure AI does not cross ethical boundaries.
Coverage is triggered by an accident and when the insured vehicle is towed at the request of a law enforcement officer.
Global tax services provider Ryan has already filed suit in a Texas federal court claiming this action exceeds the FTC's statutory authority.
The volume of insurance-carrier lawsuits is down in the Sunshine State.
Inflation adjustments have not been made to the pool of funds used to pay agent commissions since 2015.
Several years of data has emerged showing risk and loss patterns, making marijuana business policies easier to price competitively.
The convenience and affordability of motorized scooters, mopeds and e-bikes also comes with a price in the form of injuries, sometimes fatal.
The April 9 release outlines concerns over bias and transparency in AI-supported decisions, particularly in underwriting.
As auto thefts rise across the country, lawmakers are considering measures to stem the tides.
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