Artificial intelligence (AI) has long been heralded as a game-changer for various industries, and insurance is no exception. Recent insights from a survey conducted by insurance technology provider RDT highlight the enthusiasm for AI's potential. According to the survey, a striking 85% of insurers
The marine mutual insurance sector is experiencing notable changes as insurers like NorthStandard, the UK P&I Club, Gard, Steamship Mutual, and West of England P&I Club project growth in premium income amid rising large claims. These insurers are facing numerous challenges within the global marine
In a move that could set a precedent for other states, Wisconsin Governor Tony Evers has expressed his intention to make Wisconsin the first state to implement routine audits for health care claim denials. Governor Evers announced his plan on February 18, aiming to address the issue of widespread
In recent years, the increasing frequency and severity of natural disasters, driven by climate change, have exposed significant weaknesses in traditional insurance systems, highlighting the urgent need for more effective relief mechanisms. As homeowners face the devastating consequences of
As the costs of living in California continue to rise, homeowners face a new dilemma with the recent approval of insurance rate hikes by major carriers Mercury General and Safeco. This decision is expected to have a significant impact on thousands of homeowners, renters, and condo owners across the
The transformation of M3 Insurance from a modest independent life insurance agency into a leading risk management firm is a story of strategic growth, community commitment, and an unwavering dedication to comprehensive risk management. From its inception to its current stature, M3 Insurance has
Simon Glairy is a recognized expert in the fields of insurance and Insurtech, with a specialized focus on risk management and AI-driven risk assessment. Today, he will share his knowledge about sinkholes and their impact on homeowners, especially in areas like Florida where they are more common.
Sinkholes pose a significant yet often overlooked risk to homeowners, with both financial and human consequences. These depressions, caused by the sudden collapse of land, can lead to costly damages and even fatalities. Despite their severe impact, sinkholes often fail to receive the attention they
The insurance industry, often considered a bedrock of stability, has found itself under the microscope as the United States imposed tariffs that have rippled through various economic sectors. These tariffs, primarily aimed at manufacturing, agriculture, and consumer goods, have created a climate of
In a major breakthrough in the fight against insurance fraud, authorities have dismantled an alleged fraudulent ring operating out of Hialeah, Florida. The group, comprised of Yisell Rojas, 39; Ofir Macias, 55; and Ivian Nieto Lazo, 37, is accused of orchestrating staged car accidents to scam
