A soulless machine finding the rationale to deny your insurance claim or declining to write a policy safeguarding your valuables were among the scenarios Florida lawmakers pondered amid reports of ...

Amid the explosive development of artificial intelligence, Florida lawmakers on Tuesday began drilling into questions about the technology's use in the insurance industry. A panel of insurance and ...

The auto insurance industry is going through a major transformation. At the heart of this change is artificial intelligence. This powerful technology is quietly reshaping how insurers operate and how ...

A ChapGPT logo is seen on a smartphone in 2023. ALLAHASSEE — As Florida lawmakers dig into issues involving artificial intelligence, state Insurance Commissioner Michael Yaworsky wants to make sure ...

Digital insurance provider Embroker surveyed 245 legal professionals in June and found nearly half plan to expand their insurance coverage. While inflation risk was higher on the 2024 survey, this ...

Insurance companies will always be held responsible for any decisions made with help from artificial intelligence even as the technology becomes more widely adopted and may someday be used to pay ...

Vivek Jetley, president and head of Insurance, Healthcare and Life Sciences at EXL, a global data and AI company serving Fortune 500 firms. Long claims processing and settlement cycles are often ...

Florida lawmakers are examining the use of artificial intelligence in the insurance industry. AI is already being used by insurers for tasks like fraud detection and property assessment. Concerns were ...