|
|
|
|
|
Today's Headlines
|
|
November 22, 2024 |
|
|
|
|
|
|
|
|
Converge Insurance CEO Tom Kang said one of his most important pieces of advice for other InsurTechs is a seemingly obvious but often overlooked point, and that is to remember the insurance part of InsurTech. "Maybe this is an obvious point, but I think it's important to know that you are still in insurance —... read more
|
|
|
|
|
|
A new study examining potential unintentional bias in auto insurance finds that while Black and Hispanic drivers pay more than other drivers for coverage, they also have more claims and driving infractions. The study's authors accept that higher losses and poorer driving records help explain the higher insurance costs for Black and Hispanic drivers and... read more
|
|
|
|
|
|
In NASCAR, AI is transforming race preparation and execution. As the season ends and the Cup Series Championship approaches, AI's role is crucial. Teams like 23XI Racing use advanced simulations to create virtual tracks, enhancing driver skills and strategies while providing data to optimize car ... read more |
|
|
|
|
|
Cyber crime, climate change, and business interruption are the chief risk concerns among key marketplace segments in the insurance industry, a new survey from Munich Reinsurance America Inc. and the Insurance Information Institute (Triple-I) showed. "RiskScan 2024" revealed the top risk concerns in five categories – insurance risks, market dynamics, natural disasters, emerging technologies and... read more
|
|
|
|
|
|
Allstate today said it estimated pretax catastrophe losses of $286 million for the month of October. Losses during October included $102 million, pretax, from Hurricane Milton as well as $144 million in unfavorable reserve reestimates from Hurricane Helene primarily from Georgia, South Carolina, and North Carolina. For the month of September, Allstate said it expected... read more
|
|
|
|
|
|
A federal judge reduced a $237.6 million jury award against United Parcel Service UPS.N to $39.6 million in the case of a Black former driver who accused the package delivery company of workplace bias and wrongful firing. In a decision made public on Friday, U.S. District Judge Thomas Rice in Yakima, Washington, accepted UPS' request... read more
|
|
|
|
|
|
Despite a consistent drop in the number of structurally deficient bridges in the U.S since 2020, one in three still needs to be replaced or repaired, according to a recent report from the American Road & Transportation Builders Association. There are 168.5 million crossings on nearly 42,100 bridges rated in poor condition. As of July... read more
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
In today's fast-paced insurance landscape, claims efficiency can make or break ...
read more
|
|
|
|
|
|
|
When a covered claim results in a policyholder's home being uninhabitable, ...
read more
|
|
|
|
|
|
|
In today's quickly transforming insurance landscape, speed to market is ...
read more
|
|
|
|
|
|
|
Generative AI adoption in P&C is inevitable.
Adoption is already underway, ...
read more
|
|
|
|
|
|
|
As AI changes the insurance landscape, top-performing organizations need to ...
read more
|
|
|
|
|
|
|
