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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…

Protecting Your Business—and the Planet—From Pollution Risks
Earth Day reminds us of the profound impact our choices have on the environment. For businesses, this responsibility extends beyond daily operations to encompass the broader community and ecosystem. Your decisions regarding practices like waste disposal, chemical storage, and emissions can influence the well-being of the environment around you and your company’s sustainability and reputation….

Florida lawmakers revive effort to repeal no-fault auto insurance
Under Florida’s no-fault system, drivers are required to carry $10,000 in PIP coverage to cover their own medical expenses regardless of fault in an accident. However, critics argue that the $10,000 limit, unchanged since 1979, is insufficient to cover modern medical costs. Source link

CH Insurance is hiring…Where Every CHampion Belongs
Ready for a CHange? CH Insurance is expanding our team in 2025! Team Strength Have you ever heard of the “OLIVUS” principle? Our Corporate Storyteller, Angela Moonan, has worked on it with our team for many years. At the heart of the OLIVUS Principle rests the notion that all of us are better together, than…

Lloyd’s reports lower profit in 2024 with higher claims ratio from disasters
Lloyd’s 2024 results Gross written premium for the year, meanwhile, rose to £55.5 billion, up from £52.1 billion in 2023, representing a 6.5% increase. The growth was driven primarily by an 8.5% rise in volume, including 7.6% from existing syndicates and 0.9% from new entrants. Source link