Regulatory & Compliance

Alberta Introduces Bill 47 to Reform Auto Insurance and Reduce Premiums
Regulatory & Compliance Alberta Introduces Bill 47 to Reform Auto Insurance and Reduce Premiums

In an ambitious move to address the escalating problem of auto insurance costs, Alberta has introduced Bill 47, also known as the Automobile Insurance Act. This landmark legislation is an attempt to tackle the rising auto insurance premiums by focusing on the critical issue of personal injury claim

Why Are Key Insurance Policyholders Rushing to Find New Coverage?
Regulatory & Compliance Why Are Key Insurance Policyholders Rushing to Find New Coverage?

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

Is AI the Future of Insurance or Just a Passing Trend?
Regulatory & Compliance Is AI the Future of Insurance or Just a Passing Trend?

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

New York Attorney General Secures Settlement from Root Insurance for Data Breach
Regulatory & Compliance New York Attorney General Secures Settlement from Root Insurance for Data Breach

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

How Will the Court of Appeal's Ruling Impact Insurance Claims?
Regulatory & Compliance How Will the Court of Appeal's Ruling Impact Insurance Claims?

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

MEA Insurtech Market to Surpass $109M by 2030 Amidst Digital Transformation
Regulatory & Compliance MEA Insurtech Market to Surpass $109M by 2030 Amidst Digital Transformation

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

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