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AI-powered catastrophe and risk models use varied sources, including aerial imagery.
August 21 -
In other news: A Nationwide survey shows customers are reducing their homeowner's insurance coverage.
August 17 -
Driven by weather catastrophes and higher building costs, new research showed.
August 14 -
Since 2020, the number of properties it insures has tripled to almost 1.4 million. Citizens estimates it may add another 300,000 by the end of the year
August 10 -
There were more than 40 funding events in the insurtech sector in July, according to a review by Digital Insurance.
August 1 -
CSAA used AI-powered aerial image analysis in a decision to not renew a homeowner's insurance policy in Northern California.
July 31 -
Yellen, who also chairs the Financial Stability Oversight Council, said that a spate of extreme weather events is causing insurers to raise rates on homeowners.
July 28 -
Farmers Insurance's latest effort to reduce risk by not renewing Georgia homeowner policies was flagged as illegal by Georgia's Insurance Commissioner and forced to be retracted.
July 27 -
Major firms cite costly devastating hurricanes and widespread litigation against the industry as reasons to sunset policies for an unspecified number of property owners.
July 26 -
Consumers preferred to share data using smart devices in the home: 45% said they are happy to share information via Amazon Alexa, Google Home and the like. A little over a third of consumers (36%) said they were willing to share data through wearables or fitness health tests.
July 24