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Arizona insurers caution against shielding utilities from certain wildfire liabilities
It may impact home insurance pricing and coverage availability Source link
The industry’s biggest hiring threat isn’t AI – it’s irrelevance
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. Source link
Auto insurance digital shopping hits record high in 2025 – J.D. Power
Rising car premiums In 2024, the national average cost for full coverage car insurance rose to $2,543 annually, marking a 26% increase from $2,014 in 2023. This upward trend is attributed to factors such as inflation, supply chain disruptions, and increased vehicle repair costs. Source link
Ardonagh Group launches new division
The launch comes as Ardonagh reported strong financial results for 2024. The company reported adjusted EBITDA of $683.4 million, up 31.2% from a year ago, while reported income rose 24% to $1.98 billion. The company also increased its workforce by nearly 1,700 employees and launched its first graduate scheme. Source link
How can the insurance industry stop nuclear verdicts?
While plaintiffs’ attorneys have evolved, adapting their trial tactics to maximize awards, defense lawyers remain stuck in the past, according to Tyson. The insurance industry’s response to litigation risk, i.e. building litigation management departments focused on controlling expenses, has done nothing to address the real enemy. It’s a miscalculation, Tyson believes, that’s costing carriers billions….
Immigration crackdowns trigger insurance fallout in construction industry
As fears of deportation ripple through the construction sector, insurance professionals warn that uncertainty is already shifting coverage terms Source link