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Policy discussions surrounding the use of artificial intelligence (AI) in the insurance industry have sparked significant debate. The National Association of Mutual Insurance Companies (NAMIC) recently released an analysis claiming that concerns over AI in insurance are misplaced and could harm policyholders. The report highlights worries from regulators and advocates about potential discrimination linked to … Read more

QBE North America has launched a new media liability endorsement aimed at supporting media organizations facing legal challenges. This endorsement is particularly relevant as it addresses issues arising from consumer protection laws that can affect free speech rights under the First Amendment. Chris Cooper, a senior vice president at QBE North America, emphasized the importance … Read more

HDI Global Insurance Company (HGIC), the U.S. branch of HDI Global, has chosen Guidewire’s PolicyCenter to manage its policy administration and underwriting. This decision marks a significant step for HGIC as it aims to enhance its operations. The new system will be implemented on Guidewire Cloud, starting with general liability lines. Ernst & Young LLP … Read more

Minnesota is considering a new plan to help low-income drivers get affordable car insurance. The proposed program, called the Minnesota Lifeline Insurance Program, aims to provide state-run coverage for those who struggle to pay for traditional insurance. This initiative is currently under review and could significantly change how auto insurance works in the state. The … Read more

American National Insurance Company has announced it will stop selling new life insurance policies. This decision comes as the company shifts its focus to other areas of its business, such as annuities, pension risk transfer, and property and casualty insurance. The last day to submit applications for new life insurance policies will be May 31, … Read more

The National Highway Traffic Safety Administration (NHTSA) is looking into nearly 1.3 million Ford F-150 pickup trucks due to concerns about unexpected gear shifts. This investigation affects models from 2015 to 2017 and comes after 138 complaints from drivers. Drivers have reported that their trucks can suddenly downshift to lower gears while driving at highway … Read more

Lloyd’s of London reported solid financial results for 2024, showcasing its ongoing commitment to disciplined underwriting and profitable growth. The market achieved a profit before tax of £9.6 billion, which is a slight decline from £10.7 billion in 2023. Despite this drop, the company enjoyed a 6.5% increase in gross written premiums, totaling £55.5 billion, … Read more

Independent insurance agents are facing a crucial moment as many recognize the need to upgrade their outdated systems. Many agencies still rely on a mix of spreadsheets, emails, and paper files, which can lead to inefficiencies and frustration. To thrive in today’s fast-paced insurance market, agents must transition to a modern, all-in-one agency management system. … Read more

State Farm has reported significant financial losses due to the devastating wildfires that swept through Los Angeles in January 2025. The company has paid out $2.45 billion across more than 12,200 claims related to these fires, which began on January 7 and caused extensive damage to properties in the area. As California’s largest homeowners and … Read more

Generative artificial intelligence (Gen AI) is making waves in the investment world. As of March 2025, this technology has attracted a staggering $56 billion in global venture capital funding, showing a strong growth trend from the previous year. Investors are eager to tap into the potential of Gen AI, but the excitement comes with its … Read more