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Experts with FICO say that with the assistance of AI, insurers can rapidly accelerate modernization efforts.

The average U.S. driver travels around 13,450 miles each year, Insurify reported.

The suit against the Leonia School Board was filed in November 2021, though the plaintiff says the alleged sexual abuse happened in 1980.

In 2023, global insured catastrophe losses exceed $100B for the fourth consecutive year, according to Swiss Re Institute.

More than 30% of homeowners with internet say they would switch insurers to get smart home devices for safety and security.

Award-winning agencies elaborate on their technology integration and methods for staying informed about evolving policyholder needs.

Insurance industry news from Duck Creek Technologies, Agero, Marsh and more featured in weekly update.

Some insurers incentivize policyholders with discounts to use water monitoring devices, decreasing losses from water damage claims.