Human talent still trumps AI
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Despite acceleration of technology, risk takers are key for insurance companies, says industry veteran
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Zurich loses bid to block Rhode Island law in bad faith claim over NYC property
[ad_1] Zurich was represented by Mound Cotton Wollan & Greengrass LLP, with Philip C. Silverberg as counsel. Providence Capital LLC and Sherle Wagner International LLC were represented by Kevin Schlosser of Meyer, Suozzi, English & Klein, P.C., and Daniel M. Rabinovitz of Murphy & King, P.C., admitted pro hac vice. [ad_2] Source link
AI adoption in insurance accelerates, but ROI pressures loom: KPMG
[ad_1] What are the three phases of value? According to KPMG, the “enable” phase emphasizes building AI foundations by appointing responsible executives, creating AI strategies, identifying high-value use cases, increasing AI literacy, and ensuring regulatory alignment. This phase also involves launching AI pilots, utilizing cloud platforms, and leveraging pre-trained models with minimal customization. [ad_2] Source…
APCIA eyes legal reform to cut insurance costs
[ad_1] Testifying before the Senate Committee on Banking, Housing, and Urban Affairs, Robert Gordon, senior vice president of policy, research, and international at the American Property Casualty Insurance Association (APCIA), outlined how legal system abuse and excessive litigation have added financial pressure to the insurance sector. [ad_2] Source link
North Dakota transfers fire and tornado fund oversight from insurance commissioner to budget offic
[ad_1] North Dakota has officially transferred oversight of its state fire and tornado fund from the insurance commissioner to the Office of Management and Budget (OMB), following the enactment of House Bill 1027. The change centralizes fund management under the OMB, which now oversees risk coverage for state agencies, political subdivisions, winter shows, and the…
Cyber risk a major threat for expanding digital healthcare market – CFC
[ad_1] From supporting operational efficiency to alleviating clinician workload, AI is becoming embedded in core healthcare functions. While private equity investment in digital health declined in 2023, CFC observed sustained interest in AI-powered technologies, which remain a key driver of sector transformation [ad_2] Source link
The new role of insurance networks: guiding agencies through change and complexity
[ad_1] “Some takeaways were that interest rates are likely to remain somewhat high, especially if tariffs are high, but that there’s a huge need for housing, especially multifamily housing,” he said. “So, networks can take back to their agencies, saying, ‘You ought to look at commercial habitation risk,’ because there’s building, there’s growth, there’s funding,…