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Insurance agents must now embrace the use of artificial intelligence, but they won't be replaced by it. And the use of parametric policies will soon increase sharply across property insurance lines ...
The board of governors for Florida's state-created Citizens Property Insurance Corp. voted unanimously Wednesday to raise personal lines rates by an average of 14 percent statewide – near the ...
Analysts with the AM Best financial rating firm and other stakeholders are cautiously optimistic about the resurrection of the Florida property insurance market, 18 months after state lawmakers ...
Is the installation of an in-ground trampoline considered landscaping work, covered by a landscaper's liability insurance policy? Artificial intelligence programs suggest that it is. But human judges ...
The Federal Trade Commission's recently approved ban on noncompete agreements likely won't survive court challenges, but that doesn't mean the ban won't become a model for a number of state ...
Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent plan to scrutinize mortgages on homes that don't carry full replacement-value ...
An updated guideline from Fannie Mae, if it stands, could throw a wrench into the property/casualty insurance industry's move toward actual cash value for more homeowners and condo coverage. A Fannie ...
The Florida Association of Insurance Agents, the largest agent group in the state, has invested in a startup insurance carrier, a move designed to help keep agents in the game and to bring more ...
The CEO of Citizens Property Insurance Corp. has denied that corporation representatives have been unresponsive to Congressional requests for financial information, in the wake of unsettling comments ...
A number of property insurance-related bills were introduced in the Florida legislature this year—from a fundamental change to the Citizens Property Insurance Corp. coverage model to further ...
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