Artificial intelligence (AI) is revolutionizing various industries, including the insurance sector, which has traditionally been slow to adopt new technologies. Historically seen as risk-averse and reliant on time-tested methods, insurers have often been hesitant to embrace innovations like AI.
In a significant move aimed at enhancing risk management within the burgeoning offshore renewable energy sector, Verisk Specialty Business Solutions has teamed up with shipping services provider Clarksons. The collaboration has led to the introduction of a new offshore renewable energy module as
In a move that has sent waves through the automotive industry, the Texas Attorney General has filed a consumer privacy lawsuit against General Motors, alleging that the company has been collecting and selling detailed driver data without explicit customer consent. The data in question includes
In today's evolving insurance landscape, accurate risk assessment has become increasingly crucial. With natural disasters becoming more frequent and populations expanding into higher-risk areas, the need for precise data on insured locations is greater than ever. Innovative address
In the second quarter of 2024, the U.S. commercial insurance market witnessed a marked deceleration in premium increases, representing a major shift in market dynamics largely propelled by the Council of Insurance Agents & Brokers' (CIAB) Commercial Property/Casualty Market Index for
The Global Tech Insurance Business market is experiencing a period of rapid expansion driven by increased cyberattacks, data breaches, and technological advancements. As technology companies face unique risks like cyber liability and intellectual property infringement, the demand for specialized
