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AI in insurance praised, but consumers still aren’t convinced – GlobalData
[ad_1] “Insurers must prioritise transparency in AI-driven decisions, particularly among those who perceive bias in the tools, such as providing negative claim outcomes. Some consumers will have data privacy concerns, while others will simply just prefer interacting with a human,” she said. [ad_2] Source link
How do you underwrite a bar that can’t escape its own reputation?
[ad_1] In an age of nuclear verdicts, this kind of underwriting has become a high-stakes venture, where an establishment’s vibe can outweigh its compliance [ad_2] Source link
Florida court rules FIGA not liable in late Hurricane Irma insurance claim
[ad_1] The case began after Hurricane Irma struck in 2017, damaging multiple buildings at the Golf Villas II condominium complex, managed by the Condominium Association of Golf Villas II, Inc. The association submitted a property damage claim to its insurer, American Capital Assurance Corporation. But before the claim could be fully resolved, American Capital became…
How landlords can manage habitability risks amid rising claims
[ad_1] Tenant neglect and crime scores are affecting premium trends [ad_2] Source link
US commercial insurance rates continue upward trajectory – report
[ad_1] Umbrella and excess coverage, along with commercial auto, saw the most significant increases [ad_2] Source link
Rising recall events challenge insurers — Sedgwick
[ad_1] In the first half of 2025, recalls totaled 1,636, slightly down from 1,697 in the same period of 2024. Units affected fell to 211.25 million, compared to 384.17 million a year earlier, the lowest half-year figure in a decade. For insurers, this reflects reduced exposure to large-volume losses but continued pressure from the rising…