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Declining premium revenues, lower rates, underwriting volatility and litigation led to this hardening, Fitch Ratings says.

Federal leaders in the U.S. want AI safeguards akin to those being developed by the insurance industry.

Insurance industry news from Arch Insurance, NFP, PCF Insurance Services and more featured in weekly update.

Barclays estimated that insurers face claims of as much as $3 billion following the accident.

Most auto and homeowners insurers are using AI tools in their marketing efforts to reach new policyholders.

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

Insurance technology news from atNorth, ZestyAI, Ki and more.

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