California has taken significant steps towards enhancing pet care and protection for pet owners with the recent signing of two substantial bills by Governor Gavin Newsom. These legislative actions, SB 1217 and SB 1233, promise to bring necessary transparency and accessibility to pet healthcare and
The insurance industry has long grappled with inefficiencies, higher indemnity costs, claims leakage, and compliance risks. EXL, a leading data analytics and digital operations solutions provider, aims to address these issues with its recently launched EXL Insurance Large Language Model (LLM).
Principal Financial Group (PFG) has long been a cornerstone in the financial sector, renowned for its dedication to customer satisfaction, security, and privacy. With the increasing prevalence of cyber threats and the ever-evolving landscape of data privacy regulations, PFG’s commitment to these
The recently released report by the Insurance Brokers Code Compliance Committee (IBCCC) has shed light on critical deficiencies in the disclosure and communication practices among insurance brokers, highlighting a pressing need for improvements in these areas. The report identified a worrying
In the aftermath of the Global Financial Crisis (GFC), regulatory frameworks like the Dodd-Frank Act were instituted to ensure financial stability and prevent systemic risks posed by large financial institutions. Central to these efforts was the Financial Stability Oversight Council (FSOC), tasked
The Nonprofits Insurance Alliance of California Inc. (NIA) has made a significant decision to halt the renewal of specific insurance coverages for foster family agencies (FFAs) in California. This decision directly responds to new state legislation, Assembly Bill 2496, signed by Governor Gavin
