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Tech support and connected ecosystems may draw in more tenants and reduce burden on maintenance crews.
"Profitability in the U.S. homeowners' insurance sector has been weak in recent years."
IoT devices in the workplace increase cyber risks, making it easier for threat actors to access secured systems.
The case hinged on the innocent insured doctrine, which allows for recovery if a co-insured deliberately causes a loss.
The nationwide average cost for renters insurance is $180 annually, or about $15 per month.
AI-related insurance fraud with "shallowfakes" is up by 300%, according to Allianz UK.
Chubb Chairman and CEO Evan Greenberg delivered the Tuesday morning keynote at RIMS RISKWORLD in San Diego.
Nearly half of personal auto insurance policyholders are shopping around for lower rates and better coverages.
The increased utilization of AI will improve efficiencies in routine tasks, but it does not eliminate the need for human oversight.
AI has given threat actors a leg up in deepfake technology, costing one company $26.5 million.