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The Lone Star State also faced massive wildfires earlier this year after record-breaking losses in 2023.
Migraine medications, which saw utilization increase 17%, also had one of the largest cost increases.
AI has given threat actors a leg up in deepfake technology, costing one company $26.5 million.
Insurance technology news from Bold Penguin, Neptune Flood, Cytora and more.
This claim payout is speedy but will cover only a sliver of the event's cleanup and rebuilding costs.
The latest insurance industry personnel news from Liberty Company, McGill and Partners, Leif Assurance and more.
Legacy technology at Change Healthcare was missing multifactor authentication, giving cybercriminals an easy way in.
For now, the onus is on insurers and insurtech companies to ensure AI does not cross ethical boundaries.
CoreLogic estimates that more than 7,000 homes and businesses may have been damaged or destroyed in these storms.
The court determined that letters contesting liability must be delivered, not just mailed, within 28 days.