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Revealed – how many California homeowners are underinsured
[ad_1] Wildfires have exposed insurance deficiency in the state [ad_2] Source link
AI adoption in insurance accelerates, but ROI pressures loom: KPMG
[ad_1] What are the three phases of value? According to KPMG, the “enable” phase emphasizes building AI foundations by appointing responsible executives, creating AI strategies, identifying high-value use cases, increasing AI literacy, and ensuring regulatory alignment. This phase also involves launching AI pilots, utilizing cloud platforms, and leveraging pre-trained models with minimal customization. [ad_2] Source…
These insurance businesses have been hit the hardest by the stock market crash
[ad_1] Life and specialty insurance follow Lastly, the life and specialty insurance segments fell 15.7% and 12.4%, respectively, in the first five days following the tariff announcement, according to Yahoo Finance data. Despite both sectors seeing momentary spikes upwards, they remain 15.7% and 12% below pre-tariff levels, respectively. [ad_2] Source link
Defendant gets break in civil racketeering charge bought by American Transit Insurance Company in NY
[ad_1] Insurer claims multimillion dollar fraud, racketeering [ad_2] Source link
Interboro divestiture finalized as Forza completes deal
[ad_1] “The sale of Interboro formally completes our strategic transformation into a specialty insurer focused on underwriting commercial residential property insurance,” said Brad Martz, president and CEO of American Coastal. “All of our capital and human resources are now fully focused on our core business.” [ad_2] Source link
If this bill passes it will eradicate Florida’s insurance market – FJRI
[ad_1] Industry groups, however, warned the bill threatens the fragile recovery of Florida’s insurance market. Katelyn Ferry, representing the Florida Justice Reform Institute, argued the proposal could reverse recent progress. “Make no mistake: If this bill passes, it’ll eradicate Florida’s insurance market,” Ferry said. She credited previous reforms with curbing premium hikes and attracting new…