Risk Assessment

Can NJ Curb Workers' Comp Costs by 2024?
Data Analytics Can NJ Curb Workers' Comp Costs by 2024?

As New Jersey navigates the complexities of its workers' compensation system, several pressing issues demand attention. With rapidly increasing medical costs, legislative shifts, and the integration of advanced treatment protocols, there is a pressing need for strategic measures to manage expenses

AI Transforms Insurance for Previously Uninsurable Homes
AI & Automation AI Transforms Insurance for Previously Uninsurable Homes

Across the insurance landscape, a groundbreaking shift is occurring as artificial intelligence enables insurers to extend coverage to homes once deemed too risky or outright uninsurable. Advanced AI-driven analytics, particularly those developed by technology innovators like ZestyAI, have redefined

Could Credit Scores Be Banned in NY Auto Insurance Premiums?
Regulatory & Compliance Could Credit Scores Be Banned in NY Auto Insurance Premiums?

In a significant move towards reshaping the landscape of auto insurance, New York state is considering a groundbreaking piece of legislation that could potentially ban the usage of credit scores in determining auto insurance premiums. Traditionally, insurers across various states have employed

Ominimo Transforms European Insurance with AI and Zurich Alliance
Startups & Investments Ominimo Transforms European Insurance with AI and Zurich Alliance

Ominimo, a forward-thinking insurtech startup based in Poland, has rapidly emerged as a formidable force within Europe's insurance sector. Showcasing its capabilities, Ominimo has successfully issued more than 300,000 car insurance policies in Hungary and reached profitability within its initial

Can AI Transform Underwriting in Insurance?
AI & Automation Can AI Transform Underwriting in Insurance?

In an era where digital innovation increasingly drives business functions, iA Financial Group's adoption of the FICO® Platform showcases the transformative potential of artificial intelligence (AI) in the insurance industry. The corporation, which operates within the Canadian insurance and wealth

Virginia Faces Rising Flood Insurance Costs Amidst Increasing Risks
Data Analytics Virginia Faces Rising Flood Insurance Costs Amidst Increasing Risks

Joshua Carroll, a business owner in Big Stone Gap, Virginia, embodies both tragedy and resilience following the havoc wreaked by Hurricane Helene. His establishment stands as a testament to the severe damages brought forth by the storm, which caused immense financial and emotional strain. Yet,

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