But it’s not just a matter of replacing warm bodies. The new talent needed – underwriters, data analysts, risk managers – must be as digitally fluent as they are technically trained. As insurers adopt AI, predictive modeling, and automation tools to stay competitive, the bar for new hires has risen.
The case, brought by Christian and Abigail Godinez, sought to hold State Farm accountable for the June 13, 2022, crash, arguing that the insurer’s failure to report the nonrenewal of a truck insurance policy had set off a chain of events that led to the collision. The court, however, found that the plaintiffs’ theory of liability was too speculative and dismissed the claim with…
“We want to make sure that if you’re putting on that new roof, and if you’re doing wildfire mitigation, that it is meaningful mitigation that meets the science-based standards,” Walker said, referring to guidelines from the Insurance Institute for Business & Home Safety. Source link
A search for solutions With the legislation in limbo, lawmakers have turned to a task force model, aiming to bring all stakeholders to the table – including the Department of Insurance, DCFS, insurers, legal advocates, and child welfare organizations. The group is expected to begin meeting within 30 days of all appointments and must submit…
Massive shifts have transformed workplaces and the world, including the insurance industry. From the advent of AI and digital innovations to evolving customer expectations, each era has brought challenges and opportunities within the insurance industry. Spanning multiple generations, the CH Team has talented people with unique perspectives and skills. While our beliefs may differ, the…
In addition to scoring service performance, the survey asked brokers to identify their top three wholesale partners by line of insurance across 20 major coverage areas. The leading three in each category were awarded gold, silver, and bronze rankings. MGAs also competed for a “Brokers’ Pick” medal, given to the most frequently cited products. Source…
