The digital era ushers in unprecedented transformations across the globe, with Artificial Intelligence (AI) and Big Data redefining the nature of international trade and commerce. In this interconnected world, the fluidity of cross-border data flows has become the backbone of economic growth,
A recent exposé by The New York Times has brought to light a concerning trend in the automobile industry that encroaches on driver privacy. Prominent car manufacturers such as General Motors, Honda, Kia, Mitsubishi, and Subaru have been implicated in the controversial practice of selling detailed
The insurance sector, traditionally perceived as conservative and slow-moving, is undergoing a seismic shift as artificial intelligence (AI) begins to permeate every aspect of its operations. InsurTech, which stands at the confluence of insurance and technology, has been an area ripe for innovation
Introduction to AI in Insurance The insurance landscape is undergoing a profound transformation, with a staggering 77% of insurance C-suite executives embracing artificial intelligence (AI) within the past year alone. This rapid rise in AI adoption signals a pivotal shift towards technology-driven
Millennial Specialty Insurance (MSI) is set to revolutionize the Canadian renters' insurance market. In partnership with Summit Commercial Solutions, MSI is launching innovative multifamily insurance products specifically designed for Canada's growing number of renters. This move
Unpacking the Insider Stock Sale When Andrew Robinson, Chairman & CEO of Skyward Specialty Insurance Group Inc., offloaded 35,724 shares of company stock, the move generated ripples through the investing community. His stock sale on March 8, 2024, at a price of $35.58 per share, amounted to a
Small businesses are the backbone of California's dynamic economy, playing a pivotal role in driving innovation and providing jobs. In a state where natural calamities like wildfires and earthquakes are common, having insurance isn't just a prudent choice, it's a necessity for these
The property and casualty insurance industry is experiencing a notable surge in home insurance costs, with premiums climbing by approximately 35% in the last two years. Homeowners, especially in states vulnerable to disasters, are feeling the financial pressure as insurance becomes less affordable.
The recent surge in US car insurance rates has added a heavy burden to American finances, harking back to unsettling trends reminiscent of the mid-1970s. Car insurance rates soared by almost 21% in February alone, accounting for half a percentage point of the overall 3.2% inflation rate that month.
Unpacking the Tax Relief Plan In an ambitious move, the Florida Senate Finance and Tax Committee has unveiled a sweeping $900 million tax relief package aimed at providing respite to homeowners battered by the state's escalating property insurance costs. Central to this legislative proposal,
