As P&C insurers navigate inflation and climate challenges, strategic AI adoption, including computer vision and LLMs, offers a path to enhanced profitability.
A new safety evaluation by IIHS reveals only one out of 14 partial driving automation systems meets "acceptable" standards, prompting calls for improvement.
In a pivotal decision, Oregon’s Supreme Court reversed lower courts, emphasizing the need for clear, unequivocal language in tort liability waivers within contracts.
Auto insurance premiums are climbing due to labor/material costs, natural disasters, and social inflation, with industry challenges sparking rate hikes.
Ocean temperatures have surged to unprecedented levels for over a year, alarming scientists about potential long-term ecological and meteorological impacts.
A Massachusetts couple faces charges for defrauding workers’ compensation insurers, the SBA, and their mortgage lender, potentially leading to decades in prison.
A recent storm in Salisbury, Massachusetts, has undone efforts to fortify the beach, washing away $600,000 in sand, despite community-led dune replenishment initiatives.
As drone technology advances, insurance companies leverage these tools for more accurate risk assessment, fraud reduction, and efficiency improvements, marking a significant shift in industry practices.