April 7, 2025 – Page 5 – The Insurance Provider

US P/C Insurance Industry Income Tops $100B in 2024: Verisk, APCIA

The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA). The global …

States’ AI-Related Legislation Aimed at Insurance Is ‘Unfounded,’ Says NAMIC

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By Chad Hemenway Policy discussions on the use of artificial intelligence in insurance are ‘unfounded’ and ‘detrimental to policyholders,’ according to an analysis from the National Association of Mutual Insurance Companies (NAMIC). The use of AI in insurance underwriting and …