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The April 9 release outlines concerns over bias and transparency in AI-supported decisions, particularly in underwriting.
As auto thefts rise across the country, lawmakers are considering measures to stem the tides.
The sector's gross written premiums have been growing by 20%-30% annually since 2020.
Insurance companies are in a unique and powerful position to influence behaviors.
Estimates from the NHTSA also showed that traffic deaths of people ages 15 to 24 increased 6% in the first half of 2023 compared to the same period in 2022.
Manhattan island in particular features unique seismic hazards, says Megan Linkin with Swiss Re Corporate Solutions.
Insurance industry news from Generali Investments Holding, Devonshire UW Limited, SageSure and more featured in weekly update.
Workers' compensation and auto theft are the most common fraudulent P&C claims, says CAIF.
Ensuring the safety and well-being of remote employees demands a modern, proactive approach.
The average cost of insuring a U.S. home last year was $1,905 — 50% higher than 2019.
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