Michael Shashoua

EY's third annual risk survey found increased concern about adapting to changes in the risk environment.

California Assembly advances mortgage protections for wildfire survivors, while agency considers advocates' role in rate increase processes. Meanwhile, state regulators are looking at how insurers use AI, and a look at regulatory budgets reveals which states are doing more with less.

Insurance tech and legal executives emphasize checking data, and working to build confidence and trust.

The insurance industry's research organization added 10 more states to the first four in its Wildfire Prepared Home designation program. About 35% of U.S. homes in high wildfire risk areas are not yet eligible.

Experts on insurance information and actuarial modeling say AV risk assessments have to be made with incomplete data, making it more difficult to price coverage accurately.

The state's administrative law office will decide whether to accept Commissioner Ricardo Lara's changes to a law passed as a referendum in 1988, which allows consumer advocates to be compensated for their work.

Is technology advancing faster than data centers can be built? Should a server farm have its own nuclear power supply? Questions like these create unique insurance scenarios, say executives from Willis and Novidea.

Artificial intelligence can mine a book of business for new opportunities, present information more clearly to customers, and improve regulatory compliance, according to experts from LPL Financial, Prudential and SBLI.

Comparing state regulators' resources to the size of their insurance markets, by multiple metrics, shows certain smaller states better equipped than much larger ones. This three-part series by Digital Insurance breaks down the metrics that reveal differences.

John Chu, CEO and founder of Bamboo Insurance, discussed the company's growth and planned expansion, and how that is supported by artificial intelligence.

Some small state regulators have as much resources as large ones, comparatively. Vermont is boosted by its captive insurance industry.

Some regulators from smaller states have relatively higher levels of resources by a budget to premiums metric.

Seemingly autonomous cars may have a human assistant providing remote support. The extent of this support remains unknown, despite a U.S. senator's inquiries, and this creates uncertainty for insurers.

Carrier AI and tech executives emphasize governance, responsibility for decisions, and human judgment of more complex risks.

Regulators from larger states have more resources, as shown by the ratio of staff per insurer.

Tech executives share how the resource allows them to cover properties that were previously excluded.

Society of Actuaries appoints new CEO and Delos expands coverage, plus more insurtech news.

Regulators from 12 states will conduct questionnaires with insurers, seeking insights into their use of AI, over the next six months. The results will be used to adjust the questionnaire before it is formally adopted.

The state's House passed a bill concerning hidden consumer transaction fees, but with amendments, drawn from previous failed bills, setting a 10% limit on auto and fire insurance rate increases.

Using AI to identify property risks solely from aerial images is not foolproof, experts say.