Insurance

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

Cigna Group will stop offering health plans in the Affordable Care Act marketplaces at the end of this year, executives said, an exit that could pose a fresh challenge for the Obamacare customers who have seen premiums rise sharply.

Carriers gain ground when treating personalization as a structural shift instead of a simple feature enhancement.

A salaried job with health benefits has long been considered the gold standard of employment in the U.S. But now, as sharply rising healthcare premiums eat into workers' pay, young, healthy professionals are rejecting employer-sponsored insurance. Instead, they're going without coverage or finding cheaper options, saying they can't afford to be on the company plan.

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.

The goal is to improve risk management and expand access to more customers in markets that better data now makes possible.

Alongside a bill that gives homeowners a year of forbearance after state-declared emergencies, lawmakers will consider extending wildfire-related moratoriums.

It's the third year convective storm losses have exceeded $50 billion, according to the report, Severe Convective Storms: State of the Risk from The Insurance Information Institute.

AI is making fraud more sophisticated and harder to detect.

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.

According to Root Insurance research, over 75% of consumers are frustrated with outdated auto insurance pricing.

Moving beyond a model centered on reimbursing claims to one that supports healthier outcomes earlier in the pet care journey.

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.

Nearly half of respondents say if these payments rise, it would make it difficult to meet their mortgage obligations, according to The Zebra.

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.

A transatlantic team of brokers, underwriters and meteorologists devised a workaround to save Bad Bunny from losses: They installed a temporary weather station inside the stadium, linked to a bespoke policy that would pay out if rainfall exceeded a set threshold.

Regulators and policyholders are increasingly concerned about the impact of imagery on privacy and decision making.

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.

The latest claims research from Verisk also shows that autonomous vehicle claims quadrupled between 2021 and 2025.

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.