Commercial

AI Sparks a Reckoning for Insurance Brokers
Insurance AI Sparks a Reckoning for Insurance Brokers

When OpenAI made a high-profile announcement, the reaction in the insurance sector was immediate and severe: a sharp, telling sell-off of brokerage stocks. This was not a response to a dip in quarterly earnings or a sudden operational failure. Instead, it was a collective market realization—a

ChatGPT Begins Offering Direct Insurance Quotes
Insurance ChatGPT Begins Offering Direct Insurance Quotes

The once-distinct boundary between casual conversation and financial transactions has effectively dissolved, as artificial intelligence platforms are now evolving from information providers into active marketplaces for complex products like insurance. This monumental development signals a profound

Climate Change Raises Insurance Costs, Shrinks Coverage
Insurance Climate Change Raises Insurance Costs, Shrinks Coverage

After years of dismissing warnings from his own climate scientist daughter, a conservative father finally accepted the reality of climate change when one unlikely authority presented irrefutable evidence: the insurance industry. The fact that every major insurance company now employs climate

Employers Use Gap Insurance to Bridge Coverage Gaps
Insurance Employers Use Gap Insurance to Bridge Coverage Gaps

The widespread adoption of high-deductible health plans has created an unintended and often daunting financial reality for millions of American workers, transforming what was meant to be a cost-control measure for employers into a significant source of out-of-pocket anxiety for their employees. As

UK Court Rules on Dueling Reinsurance Jurisdiction Clauses
Insurance UK Court Rules on Dueling Reinsurance Jurisdiction Clauses

The seemingly innocuous act of signing two separate documents for a single reinsurance agreement can inadvertently ignite a multimillion-dollar legal battle over where a dispute will be heard. A pivotal UK Court of Appeal ruling now provides critical guidance, reinforcing that in the complex world

Can Small-Town Service Build a National Giant?
Insurance Can Small-Town Service Build a National Giant?

From its unexpectedly modest headquarters in Traverse City, Michigan, a new kind of insurance brokerage has rapidly orchestrated an explosive rise, reshaping the competitive landscape of a centuries-old industry. Highstreet Insurance Partners, established just nine years ago, has transformed from a

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