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The April 9 release outlines concerns over bias and transparency in AI-supported decisions, particularly in underwriting.
The SEC said it will resume implementing the rule depending on the resolution of the legal challenges.
An increase in both the frequency and severity of climate disasters has driven rising home insurance rates.
Personal auto insurance rates are anticipated to increase around 12% during the coming year, ValuePenguin reports.
Examine the prominent obstacles and emerging advancements anticipated to influence workers' compensation and the wider P&C market in the year ahead.
The U.S. has experienced a record-high 25 disasters this year that have generated at least $1 billion in damages each.
A report from USAA found these states to have the least distracted drivers on their roadways.
Insurance in the U.S. started with a group of firefighters in Philadelphia – one of whom was Benjamin Franklin.
The South and parts of the Midwest are less vulnerable compared to parts of New Jersey and Illinois, which are most at-risk.
According to the NOAA, as of September, 23 billion-dollar-plus climate disasters have struck the United States in 2023.
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