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AI-driven chat bots could streamline recovery efforts and claims payouts based on comprehensive, portfolio-wide insights.
The April 9 release outlines concerns over bias and transparency in AI-supported decisions, particularly in underwriting.
The sector's gross written premiums have been growing by 20%-30% annually since 2020.
The SEC said it will resume implementing the rule depending on the resolution of the legal challenges.
State Farm currently holds around 8.7% of all home insurance policies in California.
Cybercriminals use emotional manipulation to overcome vishing victims' common sense and cybersecurity training.
Americans are divided evenly on the necessity of requiring dog restraints in cars, according to Erie Insurance.
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.
Whether a property is vacant or simply unoccupied makes a difference when coverage is involved.