The Latest

Misunderstandings over flood insurance coverage can be costly for homeowners when damage occurs.

The European Union's agriculture industry is losing €28 billion ($31.5 billion) a year due to increasing climate risks, such as droughts and flooding, according to a new study.

Ransom demands decreased 22% in 2024, according to new Coalition data.

Managing general agents are using speed and flexibility in underwriting to meet changing market demands.

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.

As the Federal Deposit Insurance Corp.'s Deposit Insurance Fund inches toward replenishment, acting Chair Travis Hill suggested that banks should be assessed on a range of metrics rather than insured deposits alone.

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

Insurers must monitor state and federal regulations closely because they are constantly changing.

Insurers note modernizing legacy systems as a top challenge for implementing AI within the industry.

Owen Williams, associate product manager, focuses on how IoT technology is shaping risk management practices.