More than one-third of execs trust AI to make business decisions: survey

[ad_1] While investors in private climate data firms may benefit, the broader impact will be felt by policyholders. “Anytime you increase costs for insurers, those costs get borne out by the policyholders,” he said. “Over time, that is going to make insurance more expensive for homeowners and business owners.”  [ad_2] Source link

[ad_1] 3. Discovery sanctions Chenevert also sought attorneys’ fees and costs as sanctions, arguing that Allstate’s discovery objections were improper. However, under Rule 37 of the Federal Rules of Civil Procedure, Whitehurst declined to impose sanctions, noting that while the court partially overruled Allstate’s objections, there was no clear evidence of bad faith in the…

[ad_1] Now, Kinsale is asking the federal court to step in. The insurer says its policies with TCS – an environmental combined liability policy and an excess liability policy – don’t cover the accident, no matter how you slice it. Kinsale points to two key policy exclusions. First, there’s the employer’s liability exclusion, which says…

[ad_1] Following those filings, both BOEM and UNOCAL issued claims under the bonds, prompting US Fire to demand collateral from the indemnitors, as permitted under Paragraph 3 of the indemnity agreement. That provision allows the insurer to demand irrevocable letters of credit or other forms of security, at its sole discretion, upon receipt of claims—even…

[ad_1] Sensational media claims, as politicians blame insurers [ad_2] Source link

[ad_1] 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. [ad_2] Source…