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Acknowledging the transformative impact of AI on insurance operations
“I think the challenge is how can you control that? Because you wouldn’t, as an insurance company, declare overnight that everybody is allowed to write software to change pricing models,” he said. As a result, the question for the market is how to make sure that this technology is pointing in the right direction, which…
Risk digitization tops tech priorities for insurers in UK and North America – Cytora
Tech predicted to boost efficiency, growth, and talent retention Source link
State Farm confirms $2.45 billion claims payout after LA wildfires
Catastrophic events during the prior year had a substantial impact, with the company paying out approximately $11.4 billion in catastrophe-related claims during the year. For instance, in mid-July 2024, severe convective storms across several states resulted in about 14,000 claims filed with State Farm. Source link
Polygraph tests: US Homeland Security addresses internal leaks
‘We can, should, and will polygraph personnel,’ says DHS: report Source link
Second Cornerstone: Collaboration
At CH Insurance, COLLABORATION stands at the forefront of our values, a key part of the team’s foundation. “It supports everything we do,” explains Joe Convertino, Jr., President of CH Insurance. “Both our clients and carrier partners can trust that no matter what, we’re in their corner. This commitment to leveraging our collective talents and…
Chinese insurers drawn into conflict as Trump’s tariff war escalates
Sovereign funds rally to calm volatile equities Source link