Markets
Underwriter, Actuary Fears of AI Drop; Work Needed on Collaboration
You're just about as likely to find a commercial P/C underwriter or actuary who is unconcerned about the increased use of AI in insurance as you are to find one that's afraid of being replaced by AI. ...
Artificial Intelligence Is Rewriting the Rules for Commercial Lines
Commercial lines insurance is changing—not with loud announcements or flashy tech demos, but through quiet, meaningful shifts in how work gets done.
A California jury on Friday awarded $40 million to two women who said Johnson & Johnson's baby powder was to blame for their ovarian cancer.
Poorer Americans Dropped Federal Flood Insurance When Rates Rose
When the US Federal Emergency Management Agency overhauled rates for millions of homeowners in the National Flood Insurance Program (NFIP), in 2021, the goal was to end decades of underpricing and to ...
Unpacking a Consumer Intervenor’s Novel Idea
Homeowners insurance is one of the most heavily regulated industries in the United States. Regulations aim to protect consumers from arbitrary rates and unfair practices and ensure that insurers can ...
Jury Orders Johnson & Johnson to Pay $40M in Latest Talc Trial
Insurance Covers Settlement Paid by Stocks Instead of Money: Delaware High Court
A settlement paid by stocks rather than money is a covered loss that must be paid by an insurer, the Delaware Supreme Court has affirmed. The state's high court agreed with a lower court's ruling ...
EV Collision Claims Rebound as Expiring U.S. Government Tax Incentives Drive Sales
Claims frequency for battery electric vehicles rose to 3.21 percent in the U.S., marking an all-time high and an increase of 4.2 percent year-over-year, a new report shows. New battery electric ...
Zillow Deleting Home Climate Risk Scores Reveals Limits of Flood, Fire Data
When Zillow Group Inc. removed climate risk scores from its home listings last month, following a complaint from the real estate industry, many observers took to the press and social media to warn ...
OpenAI And Microsoft Sued Over Murder-Suicide Blamed on ChatGPT
OpenAI and its investor Microsoft Corp. were sued over a Connecticut murder-suicide in the latest case to blame the popular ChatGPT chatbot for dangerous psychological manipulation of users. The ...