The rapid advancement of artificial intelligence is having a profound impact on personal lines insurance today. T
Author: Annie George
Are Insurance Mergers & Acquisitions Set for a Comeback in 2024?
Will the M&A downturn in our industry continue? Or is this just a blip, with deals set to make a comeback in the coming year? We take a look at what’s behind the M&A decline, the players behind the deals, and what we should expect moving forward.
Class-Action Lawsuit Accuses Humana of Using AI Algorithms to Restrict Access to Care
A newly filed lawsuit alleges that Humana used artificial intelligence algorithms to deny key rehabilitation care for seniors.
Incoming Louisiana Insurance Commissioner Wants More Carriers, but Not Through Incentive Program
Louisiana’s Insurance Commissioner-elect, Tim Temple, said the state desperately needs more insurance capacity for its property market, but he is ruling out the insurance incentive program touted by outgoing Commissioner Jim Donelon.
Allstate Implementing Double-Digit Rate Hikes in California, New York and New Jersey
Allstate Corp. annualized written premiums should rise about $1 billion on strong double-digit auto rate increases approved by regulators in California, New York and New Jersey, according to Chief Financial Officer Jess Merten.
LinkedIn to Pay $6.75M in ERISA Class-Action Settlement
LinkedIn Corp. will pay $6.75 million to more than 17,000 current and former employees to settle a class-action lawsuit alleging the company violated its fiduciary duties in the management of a participant-directed 401(k) plan, according to court documents filed Wednesday.
NHTSA Launches Holiday Drive Sober Campaign
The National Highway Traffic Safety Administration has taken the first step toward making impaired-driving prevention technology standard in new passenger vehicles.
Allianz: Prepare for Directors and Officers (D&O) Headwinds
Ongoing inflation, refinancing and insolvency pressures, geopolitical issues, and electoral uncertainty are just some of the headwinds D&Os need to be prepared for in 2024, according to Allianz Commercial financial lines and D&O experts.
Best’s Special Report: 2022 U.S. P/C Impairments Update Includes Six Companies
Six U.S. property/casualty companies became impaired in 2022, all of which were placed into insolvent liquidation, according to an AM Best report.
Markel International Launches Specialty Division
Markel, the insurance operation within Markel Group Inc. has launched a Specialty practice within its International Wholesale division which will be spearheaded by Tom Hillier as Divisional Managing Director