Commercial Lines

AI risk assessments may offer more advantages because they give insureds the tools and information necessary to monitor and improve their properties.

The 2018 incident caused several pelvic fractures and premature birth of the infant. The lawsuit alleges defective design, negligence and consumer fraud.

Insurance experts analyze who was involved from a coverage and liability perspective.

Declining premium revenues, lower rates, underwriting volatility and litigation led to this hardening, Fitch Ratings says.

Barclays estimated that insurers face claims of as much as $3 billion following the accident.

Insurers across all lines wrote $960,802,932,489 in direct premiums in 2023, according to NAIC market share report.