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The homeowners insurance market in the U.S. "faces mounting strain from severe climate risk," Benjamin Collier and the other authors said in their commentary.

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.

In today's volatile insurance environment, AI agents can help insurers manage a wide range of transactions autonomously with speed and consistency.

The shift from transactional relationships to experience-driven engagement models is becoming a defining characteristic of successful P&C insurers.

Federal Emergency Management Agency said Wednesday it will fund up to $1 billion in disaster-resilient infrastructure under a grant program it had previously canceled.

The retirement, asset and wealth management giant will be called Equitable and manage $1.5 trillion in assets.

Carriers have been collecting vast amounts of data for years, but transforming it into actionable insights has been challenging, until the advent of AI.

In a new legislative package offered Wednesday, House lawmakers halved the deposit insurance limit offered in earlier deposit insurance reform bills coming from the Senate.

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.

Daniel Herrington, chief AI officer at The Zebra, explains how this new role helps insurers integrate AI across their processes and departments.