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The latest insurance industry personnel news from Swiss Re, RT Specialty, bolt and more.
Incorrect roof age data is a significant concern for P&C insurers, costing $1.3 billion per year in premium leakage, according to CBIZ.
A law firm initially proposed a $100,000 settlement and alleges the insurer concealed a $500,000 death-claim limit.
High winds from these storms reportedly cut power to more than 250,000 customers across the south on Wednesday.
One in five ultra-wealthy individuals plan to invest in real estate during 2024, according to Knight Frank.
AI-driven chat bots could streamline recovery efforts and claims payouts based on comprehensive, portfolio-wide insights.
The April 9 release outlines concerns over bias and transparency in AI-supported decisions, particularly in underwriting.
As auto thefts rise across the country, lawmakers are considering measures to stem the tides.
The sector's gross written premiums have been growing by 20%-30% annually since 2020.
Insurance companies are in a unique and powerful position to influence behaviors.