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For now, the onus is on insurers and insurtech companies to ensure AI does not cross ethical boundaries.
Greenbaum reflects on the digital transformation of insurance after four decades in the industry.
Nominations are now being accepted for five categories included in the Insurance Luminaries 2024 professional recognition program.
Overall cyber claims frequency increased 13% in 2023, while claims severity increased 10%, according to Coalition, Inc.
Insurance industry news from MassMutual, Swiss Re, MS Amlin and more featured in weekly update.
The 2024 Cybersecurity Benchmarking Survey shows top cyber concerns for insurers and policyholders.
Fewer than half of industry execs consider their companies 'advanced' in the main areas of business evolution.
The four face up to 10 years in jail if convicted on all charges.
The court found the potential for coverage because the policy applied to two structures on the same undivided parcel.
This case serves as a stark reminder of a growing threat: fraudulent claims facilitated by artificial intelligence.