News
Carrier Management, Other Wells Media Publications Awarded for Excellence
Wells Media Group publications, online, research and podcasts have won a total of nine 2023 Azbee Awards of Excellence from the American Society of Business Publication Editors (ASBPE). "Being ...
BI Auto Claim Severity Up 35% Over Pre-Pandemic Levels; Collision Up 40%
Claim severity for bodily injury and property damage increased by 35 percent since 2019, while collision claim severity has jumped 40 percent, LexisNexis Risk Solutions says in a new report. The data ...
Hackers to Test AI Limits at Mass Event
No sooner did ChatGPT get unleashed than hackers started "jailbreaking" the artificial intelligence chatbot—trying to override its safeguards so it could blurt out something unhinged or obscene. ...
Tale of Two Markets: Personal Lines ’22 CR 15 Pts. More Than Commercial
The 2022 property/casualty insurance industry saw a stark difference between the combined ratio of commercial lines at 94.8, while personal lines came in at 109.9. It was the largest difference in ...Markel Corporation Changes Name to Markel Group Inc.
Markel Corporation is changing its name. As of May 26, 2023, Markel Corporation will be known as Markel Group Inc. The change provides greater definition around the nature of their holding company ...
Roots Automation Launches Generative AI Model for Insurance Market
Roots Automation, a creator of artificial intelligence-powered digital coworkers, announced the release of InsurGPT, a generative AI model designed specifically for the insurance market. The ...
Clients Buy Higher Limits as Q1 Cyber Increases Follow Moderation Trend: Marsh
For the fifth straight quarter, pricing increases for cyber insurance continued to fall at the start of 2023. According to a new U.S. Cyber Purchasing Trends report from broker Marsh, prices were up ...
Seeing Differently With Aerial Imagery
To the average person, aerial imagery and satellite imagery are thought of as interchangeable technologies that have similar processes and produce similar end results. However, this could not be ...