The financial landscape for life insurance companies has drastically shifted since the 2008 financial crisis. The once-reliable strategy of depending on long-term bonds to match policy obligations has faced significant challenges due to historically low interest rates. As a result, insurers have
In the digital age where technology permeates every facet of business operations, the rise of sophisticated cyber threats has necessitated more comprehensive cyber insurance strategies. With the advent of increasingly aggressive cyberattacks, including ransomware and AI-related threats, businesses
The controversy and fallout surrounding Florida’s property insurance industry have intensified, leading to rigorous scrutiny by the Florida House's Insurance & Banking Subcommittee. A comprehensive report has put a spotlight on the industry by exposing questionable financial practices by i
The insurance industry is being revolutionized by the era of Artificial Intelligence, with FurtherAI leading the charge to transform commercial insurance. The company recently secured $5 million in funding from high-profile investors such as Nexus Venture Partners, Pioneer AI Fund, and Y
The proposal to reduce additional no-fault insurance for taxis and for-hire vehicles in New York City has ignited widespread debate. Former NYC Taxi & Limousine Commissioner Matthew W. Daus has recently argued that aligning the insurance requirements of these vehicles with the state’s standard c
In today's fast-paced technological world, the insurance industry is increasingly adopting innovative solutions to stay competitive and efficient. Noteworthy leaders in this field include Atidot, a company specializing in machine learning (ML) and predictive analytics for life insurers, and
In recent years, Florida has made significant strides in its lawsuit abuse reform efforts, aiming to curb excessive litigation, stabilize insurance markets, and reduce costs for its residents. Spearheaded by the Florida Legislature and Governor Ron DeSantis, these reforms have been instrumental in
The insurance industry is playing an increasingly crucial role in the green energy revolution, as societal shifts towards sustainability and renewable resources gain momentum. Companies driven by goals of sustainability and potential profitability are making significant investments in solar, wind,
The UK insurance industry continues to face significant challenges in addressing gender disparity, particularly in leadership positions. Despite progress in some areas, women in the insurance sector often encounter numerous obstacles that impede their advancement. These barriers raise critical
As technology evolves, the use of artificial intelligence (AI) in various sectors becomes increasingly prominent, raising significant questions about its applications and potential limitations. The state of Florida is considering a proposed bill, SB 794, to prohibit the exclusive use of AI in
