While one partnership aiming to apply AI to home insurance claims adjustment fell short of creating the capability, factors such as workforce management and the difficulty of making AI adjusters also restrain the possibility.
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A look at insurer innovations and strategies
July 13
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State senator Roland Gutierrez points to National Weather Service cuts, and denial of mitigation project funding. Former FEMA administrator says cuts will worsen disaster impact on smaller communities.
July 11
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The insurtech's core mission is to use technology to deliver comprehensive digital legal documents and attorney support at an affordable price point.
July 10
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Nationwide purchases Allstate Stop Loss for $1.25 billion and Munich Re acquires Next Insurance for $2.6 billion, plus more news.
July 9
The state forecasts eroding coastlines will endanger $18 billion of existing homes and commercial buildings in the coming decades.
After California's own insurer of last resort was held liable for smoke claims, and a probe of State Farm was launched, a new task force is ordered to set standards for smoke damage claims.
The chance at a piece of strong returns has encouraged investment banks, hedge funds and debt investors to vie for contracts to fund the litigation, according to people involved in transactions.
The state's insurer of last resort is facing an investigation by the California Department of Insurance as well as lawsuits from policyholders.
Digital Insurance has announced the honorees for the 2024 Women in Insurance Leadership, WIL NEXT and Lifetime Achievement recognition programs.
Lauren McKinzie is the operations manager, channel partnerships for Obie Insurance.
Skills professionals need to succeed in today's technology-focused environment.
Jennifer Wilson, cyber leader at Newfront, explains how AI is changing the risk landscape for businesses and its impact on the cyber insurance space.
Valkyrie Holmes, co-founder and CEO of Faura, discusses how AI and analytics are helping carriers identify and manage weather risks.