In the wake of the financial collapse and subsequent receivership of Key Insurance Co., policyholders are scrambling to secure alternative coverage to avoid interruptions in their automobile insurance. The Kansas Insurance Department’s intervention, following a review that indicated the company’s fi
Debates about the role of artificial intelligence in the insurance industry are intensifying, as both experts and observers closely monitor developments. With rapidly evolving technologies and varying perspectives, the question remains whether AI truly is the future of insurance or just another
On March 20, New York Attorney General Letitia James secured a $975,000 settlement from Root Insurance for a data breach that compromised the personal information of approximately 45,000 New York residents. Although Root Insurance does not sell policies in New York, their online quote system had a
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
The Middle East and Africa (MEA) Insurtech market is poised for remarkable growth, with revenues expected to exceed $109 million by 2030. This surge is driven by the swift adoption of digital technologies, increasing insurance penetration, and supportive government initiatives. As traditional
In the ever-evolving agricultural landscape, securing financial stability for beginning farmers has become a critical concern. This has led to the introduction of bipartisan legislation, the Crop Insurance for Future Farmers Act, which aims to enhance crop insurance protections for farmers
