Claims

Should AI Alone Decide Insurance Claims in Florida?
Risk Management Should AI Alone Decide Insurance Claims in Florida?

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

Clearspeed and 1st Central Transform Insurance Claims with Voice Technology
Technology & Trends Clearspeed and 1st Central Transform Insurance Claims with Voice Technology

Clearspeed, a leader in voice-based risk assessment technology, has partnered with 1st Central, one of the UK's rapidly expanding insurance providers. This partnership aims to enhance the insurance claims process through innovative technology, enabling quicker claim settlements and improved

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

Florida Senate Approves Bill to Enhance Consumer Insurance Protections
Regulatory & Compliance Florida Senate Approves Bill to Enhance Consumer Insurance Protections

Recent developments in Florida's insurance industry have ignited discussions about consumer protection and unethical practices in the industry. Senate Bill 1740, primarily sponsored by Sen. Blaise Ingoglia, has brought these issues to the forefront. The bill aims to introduce stricter

How Is New York Modernizing Insurance with Parametric and BI Coverage?
Regulatory & Compliance How Is New York Modernizing Insurance with Parametric and BI Coverage?

New York State has recently enacted groundbreaking amendments to its insurance laws, significantly transforming the insurance product landscape. These changes are designed to provide more adaptable and relevant solutions to contemporary risks that businesses and individuals face today. Introduction

How Can Homeowners Select the Best Insurance After Cyclone Alfred?
Risk Management How Can Homeowners Select the Best Insurance After Cyclone Alfred?

Cyclone Alfred left behind a trail of devastation, affecting thousands of homeowners who are now grappling with the daunting task of rebuilding their lives and properties. Many have turned to their insurance policies, hoping to find relief and security in a time of great uncertainty. However,

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