In recent years, California has faced extensive damage from wildfires, prompting discussions about the future of property insurance in the state. One significant development was State Farm's request to raise property insurance rates by as much as 38%. This request became the focal point of a public
In the rapidly evolving landscape of insurance, the integration of artificial intelligence (AI) has become a transformative force, driving significant advancements in efficiency and accuracy. MGT Insurance, an AI-driven neo-insurer, is at the forefront of this revolution, having recently bolstered
California's property insurance market faces significant challenges, especially in high-risk areas prone to wildfires. The recent approval by California Insurance Commissioner Ricardo Lara to increase commercial property coverage limits under the California FAIR Plan Association aims to address
The insurance industry is being revolutionized by the era of Artificial Intelligence, with FurtherAI leading the charge to transform commercial insurance. The company recently secured $5 million in funding from high-profile investors such as Nexus Venture Partners, Pioneer AI Fund, and Y
As the global movement towards sustainable energy gains momentum, companies worldwide are increasingly investing in green energy solutions. These initiatives are part of a broader societal shift towards environmental responsibility, encompassing wind, solar, and geothermal energy. This article
WTW’s Commercial Lines Insurance Pricing Survey (CLIPS) has revealed notable insights regarding U.S. commercial insurance rates. The survey indicated an aggregate increase of 5.6% in the fourth quarter of 2024 compared to the same period in the previous year. Though this increase remains
