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Keep pace with today’s business world and the pivotal issues impact your commercial lines insurance clients with news and information about industry trends, best practices, emerging risks, and recovering from major losses.
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.
Most auto and homeowners insurers are using AI tools in their marketing efforts to reach new policyholders.
A worker fell and hit his head on scaffolding erected on a trailer attached to a covered vehicle.
A survey from Pie Insurance highlights the less visible risks keeping business owners up at night.
Cybersecurity is only as strong as the random data sources creating encryption keys. True randomness is found in the chaotic physical world.
Many insureds want to install photovoltaic panels, but experts report inconsistencies in equipment valuations.
This news comes on the heels of State Farm pulling back further from the California market.
Underwriters train AI agents to think like them, teaching the software to perform menial tasks, then larger projects.
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