Industry News
Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says
A broad-based AI exclusion in insurance policies could create "real confusion and uncertainty," Marsh CEO John Doyle said, calling for a more nuanced approach to assessing risks as the technology ...
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
Catastrophe risk management firm Karen Clark & Co. (KCC) said privately insured losses from wind and storm surge during Hurricane Isaias will be about $3 billion, making the storm one of the most ...
Business Interruption Claims Approach $1M Average, Says Allianz
The average cost of a business interruption claim is nearing $1 million, an upward trend that appears to have several causes. A new report shows BI losses are being pushed up by natural catastrophes, ...
The Latest Launches from Soteris, CLARA, Cozmo AI
Soteris, a machine learning company for the property/casualty insurance industry, announced the launch of a new product that helps carriers and MGAs make more money from their current distribution ...
The Latest Launches From The Zebra, Sigo Seguros, Applied Systems
The Zebra, an insurance comparison and buying platform, announced that it will offer agent-to-agent integration with AI personal assistant Muse, designed to eliminate repetitive data entry in the ...
Texas Reports Downward Trend in Home, Auto Insurance Rates
New data indicates that homeowners insurance companies that filed rate changes with the Texas Department of Insurance (TDI) since July 1 proposed decreases, affecting about 700,000 Texas ...
National Flood Insurance Program’s Authority to Expire in December
The National Flood Insurance Program is once again set to expire in two months. Early last month, NFIP's authority to operate was renewed when the president signed legislation passed by Congress to ...
The Latest Launches from Vertafore, One Inc., Qumis
Vertafore, an insurance distribution technology platform, announced general availability of its new Velocity Document Intelligence Agent, which automates research across insurance documents. Users ...