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Data from Insurity's 2024 AI in Insurance Report show consumers are against AI in underwriting and claims management.
Insurance industry news from EMC Insurance, PoloWorks, King Insurance Partners and more featured in weekly update.
The four face up to 10 years in jail if convicted on all charges.
Insurers now issue stricter policy language and insert more sub-limits and exclusions into cyber coverage.
The court found the potential for coverage because the policy applied to two structures on the same undivided parcel.
Auto policy shopping has become more active, as the number of customers "just browsing" quotes has dropped.
This case serves as a stark reminder of a growing threat: fraudulent claims facilitated by artificial intelligence.
The owner of the cargo ship involved in Baltimore's bridge disaster declared 'general average.'
The plaintiffs intend to file a bad-faith suit in the case after their insurance company repeatedly refused to tender its policy until shortly before trial.
RWI helps facilitate smoother transactions by transferring transaction-related risks to insurance carriers.