Michael Shashoua

U.S. and global insurance regulators have been paying more attention to AI operations. Insurers are advised to watch how they use AI for pricing and guard against bias.

Insurance companies should be transparent about AI models and their data processing, industry advisors said.

Garrett Droege, an innovation and risk executive at IMA, spoke about the demands agentic AI makes on smaller insurance companies, and how they can use the technology.

Consumer Watchdog says increase was not justified, while insurance commissioner points to concessions gained from the insurer.

Congress and Trump Administration calls for elimination of Federal Insurance Office and FEMA, if successful, would ripple through insurance and banking industries, say climate financial risk policy experts and officials.

Half of U.S. states allow the method of marketing to cyber security policyholders and clients, which has potential to reduce the impact of cyber incidents, according to research by The Institute for Security and Technology (IST).

While insurance carriers and insurtechs are excited about the technology, independent agents point to their unique hold on insurance customers.

Representative of the state's insurance industry tells regulator that insurers have to pass on the cost to stay solvent. Comments on the proposal are open through May 5.

Nick Gerhart, executive VP at the insurer specializing in funeral and end-of-life coverage, spoke about its technology advances, and the role of insurtech on a broader scale in the industry.

Growth in premiums flattened in the past two years after steep growth, but new MGA entrants in the space could fuel another rise.

Homeowners class action plaintiffs will depend on finding evidence of conspiracy in discovery process, a legal expert said, but the large scope and cost of discovery, as well as difficulty getting a summary judgment, are likely to lead defendant companies to settle.

Consumer Watchdog argues that California's insurance commissioner cannot allow the FAIR Plan homeowners insurance of last resort to pass on half a $1 billion assessment to consumers.

AB 226, a borrowing mechanism bill passed by the state assembly, allows bond issues supporting the homeowners insurer of last resort – but doesn't specify traditional financing or catastrophe bonds. Cat bonds would not have to be paid back. Also, a climate finance policy advisor said, the bill doesn't account for future disaster risks.

Homeowners who invest in wildfire mitigation measures get no guarantee of breaking even in the form of premium discounts, an insurance attorney points out.

Carriers can reduce their development risks but should be patient and set expectations with partners, executives say.

An administrative law judge began hearings on an interim emergency homeowners insurance rate increase by State Farm General, the insurer's California unit. Attorneys for State Farm say the company's finances require the increase, to keep insurance available in the state. Opponents say only risk is a valid reason, not protecting the insurer's finances.

The energy demands of AI mean that its benefits can be negated by climate damage, troubling executives surveyed by KPMG.

To use more outside affiliates to acquire customers, insurers draw on funds allocated for claims payments, according to a report by an independent analyst firm.

Economic conditions, hiring and the quality of startup insurtechs may also affect M&A activity in the insurance industry, according to a partner at Clyde & Co., a law firm that reports on insurance industry growth.

Oklahoma's insurance commissioner Glen Mulready complemented insurers for quick action that he personally witnessed on the scene of March 14 wildfires