Amid a tech transformation, Colorado has become a trailblazer by instituting pioneering regulations for the ethical deployment of AI in life insurance. These rules are a preventative measure against the encoding of biases, particularly racial, within AI systems. They symbolize a major stride in
The healthcare sector is reeling from a severe cyberattack on Change Healthcare, an integral part of the U.S. medical system. This breach has caused immense concern due to Change Healthcare's role in handling medical claims and prescribing medications. The attack has underscored the inadequacy
The strategic partnership between Coalition and Aspen promises to significantly impact the U.S. cyber insurance landscape. Set to launch on April 1, 2024, this collaboration marks an evolution in Coalition's offerings, harnessing Aspen's capacity and expertise to power its U.S. surplus
In a bold legislative move, Minnesota lawmakers Rep. Kaoly Berg and Sen. Zaynab Mohamed have introduced a new bill aimed at providing unemployment benefits to striking workers. The legislative pieces, marked as HF 3446 and SF 3588, seek to address a crucial gap in employee protection during labor
Comprehensive Insurance Reform The Natural Disaster Reinsurance Plan Proposal In Florida, soaring insurance premiums have made economic relief vital for homeowners' stability. Representative Jared Moskowitz's Natural Disaster Reinsurance Plan could be a catalyst for change, promising up
The Drive for Data Disclosure Consumer Advocacy and Regulatory Response Consumer advocate groups have been pushing for greater transparency in the property and casualty insurance sector, emphasizing the necessity for open access to industry data amidst increasing natural disasters. The increased
