The many people vying to be California’s next insurance commissioner discuss concerns about insurers’ scaling up their use of AI, how policyholders could benefit, AI-fueled insurance fraud, aerial imagery applications and coverage of autonomous vehicles.
Iran has started a Bitcoin-backed insurance service for Iranian shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news agency reported, citing documents obtained from the country’s Ministry of Economy and Financial Affairs.
Customer satisfaction with insurer websites and apps dropped in 2026, according to JD Power research.
Geico plans to add 1,500 new jobs with the opening of its three-building, 190,000-square-foot campus
AI technology detects risky behaviors from data gathered by telematics devices.
AI is making fraud more sophisticated and harder to detect.
Experts on insurance information and actuarial modeling say AV risk assessments have to be made with incomplete data, making it more difficult to price coverage accurately.
Experts on insurance information and actuarial modeling say AV risk assessments have to be made with incomplete data, making it more difficult to price coverage accurately.
According to Root Insurance research, over 75% of consumers are frustrated with outdated auto insurance pricing.
Is technology advancing faster than data centers can be built? Should a server farm have its own nuclear power supply? Questions like these create unique insurance scenarios, say executives from Willis and Novidea.
