The insurance industry is on the brink of a notable transformation, courtesy of a comprehensive multistate data call initiated by state insurance regulators and the NAIC. Over 400 property insurance companies are targeted in this endeavor, which promises to capture the expanse of at least 80% of
The Lawsuit Unfolds Claims of Deceptive Marketing A legal chapter against Bank of America unfolds as a case over a contentious overdraft fee relief program proceeds in the Northern District of California. Plaintiffs Anthony Ramirez, Mynor Villatoro Aldana, and Janet Hobson allege the bank lured
Vouch has demonstrated its commitment to innovation in the tech sector with the launch of AI Insurance, a custom coverage solution tailored specifically for AI startups. These startups encounter specialized risks due to the distinctive nature of their operations, and Vouch's new product addresses
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 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
CThe insurance sector is on the brink of a major shift, influenced by technological advances, climate change implications, and an evolving regulatory framework. Artificial Intelligence (AI) is becoming a key tool for insurers, enhancing risk evaluation and efficiency in their operations. Meanwhile,
