Automation is viewed as a growing factor in the underwriting process. More than half (53%) of respondents expect underwriting tasks to become more automated in the coming years. That expectation may be tied to perceptions of the work itself, as 84% of industry leaders described underwriting tasks as somewhat to very tedious.
In parallel with the product launch, Westfield announced a $750,000 donation to the Center for Disaster Philanthropy (CDP) to support flood recovery and mitigation efforts. The contribution includes $500,000 for national recovery initiatives and $250,000 directed to CDP’s Atlantic Hurricane Season Fund, which addresses flood-related needs during hurricane season. Source link
Whitfield also served as senior legislative representative at the National Association of Realtors and legislative analyst and public affairs specialist at the White House Office of National Drug Control Policy. Additionally, he spent five years as deputy press secretary for former Senate Majority Leader Trent Lott (R-Miss.). Source link
A newly introduced bill in Rhode Island could significantly change how insurers process claims in the state. Senate Bill S1015, introduced on May 2, 2025, proposes a sweeping update to the state’s Unfair Claims Settlement Practices Act, redefining unfair conduct and creating stricter requirements for claims handling, vehicle repairs, and settlement transparency. Source link
Jim Carson, legislative director for the department, said a separate proposal backed by Governor Phil Scott offers a more consistent approach. Under that bill, the department would maintain its existing review process but include an additional step allowing the commissioner to assess whether a rate is affordable. If a proposed rate exceeded the benchmark and…
The ruling, issued on April 23, 2025, stems from an incident in November 2022, when Michelle DiPego of Muncie, Indiana, was walking along a Baltimore city path and was struck from behind by a woman riding an electric scooter. Although the rider and a companion briefly stopped, they refused to identify themselves and left the…
The Supreme Court ruled, however, that Farmers met its legal obligations by using notice language approved by the state’s Department of Consumer and Business Services (DCBS). The court said insurers that adopt agency-approved wording are not liable for omitting portions of the statute, affirming that the legislature intended for such approval to serve as compliance….
