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Most auto and homeowners insurers are using AI tools in their marketing efforts to reach new policyholders.
This news comes on the heels of State Farm pulling back further from the California market.
More than 400 property insurers received letters requesting data, which is due by June 6, 2024.
Generative AI guides insurers through extreme weather events while maximizing policyholders' customer experience.
February was the wettest month Los Angeles has experienced in 26 years, the National Weather Service reports.
According to Allianz, businesses are most likely to develop alternative suppliers when working to de-risk supply chains.
Insurers and their partners face challenges when it comes to integrating AI into business processes, Xceedance reports.
Here is some of what you may have missed during Day One of the Complex Claims & Litigation Forum in Las Vegas.
The association will continue advocating for pre-disaster mitigation funding and offering state regulators scenario analysis resources.
Although home insurance costs are growing, there are ways to unlock lower premiums besides taking on higher deductibles.
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