Increases in federal flood insurance premiums that are projected to surpass 700% over the coming years are already leading people to back out of home purchases and will likely lead to an exodus of residents and businesses from southern Louisiana, officials told a federal judge Thursday in New Orleans.

New data from claims automation insurtech Sprout.ai revealed that customers place greater importance on fair decision-making and trust than speed when settling insurance claims using AI.

A rumored legislative deal aimed at keeping home insurance companies from bailing on California is dead now that the deadline for a bill has passed.

Nearly two dozen leaders of tech companies and other groups met Wednesday behind closed doors with U.S. senators as part of a broader discussion into how Congress can regulate artificial intelligence.

Automating tasks has been an industry goal for years, whether driven by necessity (to remain competitive and save human resources), or to achieve higher goals.

The transportation industry plays a crucial role in global commerce, and it has to constantly adapt to technological advancements, economic fluctuations, shifting consumer demands, and the legal landscape.

In a remarkable achievement for electric vehicles (EVs), three newly introduced models have clinched the prestigious TOP SAFETY PICK+ awards from the Insurance Institute for Highway Safety (IIHS).

Artificial Intelligence (AI) has become ubiquitous in today’s corporate lexicon. And while much has been said, and written, about AI, the question still remains: what, exactly, is AI?

Tina Baker has lived in her Shore Acres neighborhood in St. Petersburg for more than four years. She’s watched as her neighbors homes have flooded several times during that period, but her home has never flooded, while she’s been there, until Hurricane Idalia.

The state of Florida will experience hurricanes. That is a reality that residents, government, businesses, and the insurance industry understands.