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 NTT
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
As the insurance industry continues to evolve in response to dynamic market conditions, technological advancements play a critical role in driving operational efficiency and enhancing customer engagement. A leading global insurer, headquartered in Europe, has embarked on a transformative journey to
In an era where personal data security has become increasingly paramount, New York Attorney General Letitia James has achieved a significant victory in holding corporations accountable for protecting consumers' information. Attorney General James successfully secured a $975,000 settlement from
How can cutting-edge technology transform the insurance landscape for carriers, brokers, and MGAs to achieve unprecedented efficiency and innovation? The Importance of the Insurity-OIP Insurtech Partnership Amid growing demands for efficient, scalable solutions in the insurance sector, technology's
In Florida, a scheme intended to defraud insurance companies has emerged, involving three Cuban citizens who reportedly orchestrated staged car accidents in a sophisticated operation. These fraudulent activities led to insurance companies being duped out of more than $84,000. The individuals at the
A recent ruling by the Court of Appeal, which overturned a previous decision by the Technology and Construction Court, is expected to have far-reaching implications for insurance claims. The case involved Lonham Group and Scotbeef, a meat wholesaler that had engaged chilled and frozen storage
