INSURANCE NEWS
Viewpoint: How Insurance Industry Can Use AI Safely and Ethically
Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs to be used responsibly, according to Zywave Chief Technology Officer Doug Marquis, who takes a look at the some of …
Home Insurance Customers Staying Put Despite More Shopping Around: J.D. Power
Chubb, AIG, and Amica lead other insurers in J.D. Power’s assessment of customer satisfaction for home insurance, but the consumer intelligence company said more people are shopping around. The good news for insurers is that only 2.2% actually switched—and that’s …
Maine Commission Considers Public Flood Insurance Option
State leaders tasked with reviewing Maine’s preparations and responses to climate change-fueled natural disasters are at a crossroads. While Maine has seen seven federal disaster declarations for severe storms and flooding in the past three years, statewide enrollment in federally-backed …
HEMIC in Hawaii Issuing $5 Million Dividend to Policyholders
Hawaii Employers’ Mutual Insurance Company Inc. is giving policyholders the largest dividend in the workers’ compensation carrier’s history. The HEMIC board of directors recently announced a $5 million dividend to qualifying policyholders. The company credits HEMIC’s steady growth and policyholder …
California Insurance Commissioner and Cal Poly Humboldt Working on Public Wildfire Cat Model
California Insurance Commissioner Ricardo Lara and Cal Poly Humboldt plan to form a strategy group to undertake what Lara says will be the nation’s first public wildfire catastrophe model. The plan is for the group to draw from California’s research …
Registration for Next Round of Louisiana Fortified Homes Program to Open Wednesday
The Louisiana Department of Insurance announced that registration for the next round of Louisiana Fortified Homes Program grants will open at 8 a.m. CT, Wednesday, Sept. 18, and close at 5 p.m. CT, on Friday, Sept. 20. Registration for this …
An 8-Year-Old Girl in Ohio Drove an SUV to a Target: Authorities
BEDFORD, Ohio (AP) — An 8-year-old girl took an SUV from her Ohio home and drove for miles to a store where she was later found unharmed, authorities said. The girl, whose name was not released, and the vehicle — …
Multi-Vehicle Crash on Dallas Interstate Kills 4
DALLAS (AP) — A vehicle crossed into oncoming traffic on a Dallas interstate and collided with two other vehicles in a crash that left four people dead, police said. The multi-vehicle accident happened about 1 p.m. Saturday on Interstate 45 …
Nebraska Certifies Ballot Measures to Legalize Medical Marijuana
Nebraska certified two ballot measures Friday to legalize medical marijuana even though the state’s Republican attorney general said their supporters may have submitted at least several thousand invalid signatures, which could keep them from becoming law. Attorney General Mike Hilgers …
Iowa and Iowa State Athletes Join Civil Lawsuit Over State Gambling Sting
DES MOINES, Iowa (AP) — Ten more Iowa and Iowa State athletes and an Iowa basketball equipment manager ensnared in a 2023 state gambling sting joined a civil lawsuit Tuesday seeking unspecified monetary damages from the state and its public …
Beware of Hidden Email Addresses: TN School Transferred $3M to Fake Account
A school district in Tennessee temporarily lost more than $3 million after a district employee was duped into sending funds to a fake vendor. The finance director for the Johnson County Board of Education, in northeast Tennessee, in March wired …
Cigna Sues Federal Trade Commission Over ‘Defamatory’ Report
Cigna Group’s Express Scripts sued the US Federal Trade Commission over a recent report that the company said demonizes pharmacy benefit managers and asked the court to order the agency to retract it. The lawsuit escalates the conflict between drug …