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Trust issues stall insurers’ plans for youth, AI growth – GlobalData
“Despite the positive perceptions, insurers face challenges in ensuring consumers adopt AI tools. Many consumers find that the technology is not yet sufficiently developed to be adopted at scale, eroding their trust,” said Beatriz Benito, GlobalData’s lead insurance analyst. Source link

Progressive Insurance launches new initiative to help first-generation homebuyers
“We believe homeownership should be an achievable goal for more Americans,” said Tricia Griffith, CEO at Progressive. “Progress is at the heart of everything we do, and we’re committed to providing first-generation homebuyers with guidance and support they need to help navigate the homebuying journey with confidence. By providing access, education, and financial support, we…

Giants insurers launch new excess casualty insurance facility
“The litigation environment for large companies in the US is increasingly hostile, and business as usual is not the answer,” said John Keogh, president and chief operating officer of Chubb Group. “This initiative, between three of the largest, most experienced insurers in the large account market, is our effort to bring a new approach in…