The Latest

The Paris-based insurance group, is in the final year of a strategic plan kicked off in late 2020 and is expected to unveil a new one in early 2024.

The deal is expected to be completed later this year, subject to regulatory approval. Marsh did not disclose the terms of the deal.

The use of catastrophe models and of sophisticated AI to make coverage decisions are all under debate.

AI-powered catastrophe and risk models use varied sources, including aerial imagery.

It can eliminate geographical barriers and allow teams to access and share data more freely.

The insurance industry will lose half its workforce between now and 2036 as almost 400,000 employees retire.

Agency networks and associations provide benefits historically harder to come by as a standalone business or agency.

Five best practices can assist in selecting and integrating generative AI data.

In other news: A Nationwide survey shows customers are reducing their homeowner's insurance coverage.

FedEx is requiring contractors that deliver packages on behalf of the company's Ground unit to install vehicle cameras and sensors, enhance training and pay penalties if they incur too many accidents, according to FedEx memos to contractors.