Insurance industry investments in generative AI are expected to surge by over 300 percent from 2023 to 2025 as organizations move from pilots in one or two areas to implementations in multiple functions across business lines. But new research identifies …
The insurance industry is at a pivotal moment in embracing generative AI. According to the ISG Pulse Check State of the European Insurance Industry 2024, insurance firms are actively engaged in generative AI transformations and currently comprise nearly a quarter …
When Business Models Collide This article takes an in depth look at the dysfunction in the auto glass industry and its implications for the insurance community. We see tension between glass retailers and insurance carriers and their TPAs. There is …
Texas workers’ compensation system regulators report that 56 insurance carriers have been deemed high performers in the system. Announcing the results of the fourth Insurance Carrier Performance Based Oversight assessment Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) said …
Has insurance truly entered a long-awaited hard market? Are carriers now in a position to be more selective about the risks they underwrite, so that they can increase premiums, grow their business and turn a greater profit? In a nutshell, …
The Marshall County Board of Supervisors has asked its insurance carriers for a 30- to 45-day notice when policies come up for renewal. The South Reporter reports that the Mississippi county would like to rebid when a majority of the …
The New York lawyer for a champion Chinese gymnast says she has settled claims brought against the U.S. Gymnastics Federation and insurance companies after she was paralyzed in an accident at the 1998 Goodwill Games. The lawyer, Ming Hai, said …
Massachusetts insurance officials have updated estimates on insurance claims resulting from this month’s Western and Central Massachusetts tornadoes, with 8,200 claims totaling an estimated $140 million having been reported by insurance carriers. On June 7, the Massachusetts Division of Insurance …