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Insurance Business

National insurance news for USA insurance professionals. Read American insurance news, analysis, and interviews with leaders in the US insurance industry.

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News

Insurance Business
insurancebusinessmag.com > us > news > technology > consumers-want-ai-speed-and-a-human-agent--and-most-are-not-willing-to-accept-just-one-589404.aspx

Consumers want AI speed and a human agent - and most are not willing to accept just one

2+ day, 15+ hour ago   (508+ words) A national survey commissioned by the Independent Insurance Agents & Brokers of America found that 87% of consumers said having a dedicated human insurance agent remains important even as companies accelerate AI adoption. The survey, conducted by Mfour Data Research, also found…...

Insurance Business
insurancebusinessmag.com > asia > news > life-insurance > south-korea-slashes-tongyang-life-data-penalty-after-regulatory-rethink-589363.aspx

South Korea slashes Tongyang Life data penalty after regulatory rethink

2+ day, 20+ hour ago   (663+ words) South Korea’s top financial regulator has reduced a proposed 140 billion won penalty against Tongyang Life Insurance to 7 billion won, following a legal reinterpretation of how the insurer shared customer data with its own sales arm. The decision sits within a…...

Insurance Business
insurancebusinessmag.com > au > news > claims > insurer-claim-delays-top-complaints-again-as-brokers-report-no-change-589274.aspx

Insurer claim delays top complaints again as brokers report no change

2+ day, 21+ hour ago   (475+ words) Delay in claim handling was the most complained-about issue across every financial product handled by the Australian Financial Complaints Authority (AFCA) in 2025-26. The ombudsman recorded 119,949 complaints, the highest annual volume and the third consecutive year above 100,000. General insurance accounted for…...

Insurance Business
insurancebusinessmag.com > us > news > technology > underwriters-say-ai-is-saving-time-not-improving-decisions-589344.aspx

Underwriters say AI is saving time, not improving decisions

3+ day, 6+ hour ago   (455+ words) Most senior commercial underwriters say AI has saved them time on admin. Far fewer say it has improved the quality of their decisions. That gap shapes how submissions get handled, how risks get priced, and how consistent underwriting decisions are…...

Insurance Business
insurancebusinessmag.com > us > news > construction > builders-risk-ends-where-brokers-face-data-center-handoff-puzzle-589346.aspx

Builders’ risk ends where? Brokers face data center handoff puzzle

3+ day, 7+ hour ago   (535+ words) Brokers working on large data center developments may need to arrange the transition from builders’ risk to operational property coverage much earlier, as phased projects blur the point at which construction ends and normal operations begin. The immediate insurance question…...

Insurance Business
insurancebusinessmag.com > asia > news > technology > hong-kong-insurers-take-ai-closer-to-the-point-of-sale-589343.aspx

Hong Kong insurers take AI closer to the point of sale

2+ day, 22+ hour ago   (567+ words) Prudential Hong Kong is not the only major insurer in the city putting AI tools into the hands of agents and consultants. But its September 9, 2026, deployment – a chatbot that returns preliminary underwriting indications at the point of sale, before any…...

Insurance Business
insurancebusinessmag.com > ca > news > technology > consumers-already-trust-ai-with-insurance-decisions-and-that-breaks-the-usual-pattern-589194.aspx

Consumers already trust AI with insurance decisions, and that breaks the usual pattern

3+ day, 7+ hour ago   (431+ words) Every previous wave of digital change in insurance has run into the same obstacle: trust. Consumers hesitated to move to digital channels, and they hesitated to share data in exchange for better pricing, largely because they didn't trust the systems…...

Insurance Business
insurancebusinessmag.com > nz > news > cyber > half-of-new-zealand-agencies-still-have-an-email-security-gap-589337.aspx

Half of New Zealand agencies still have an email security gap

3+ day ago   (732+ words) Half of New Zealand government agencies are carrying a documented cyber control gap with less than two months until a compliance deadline. For insurance brokers, that is not a technology story. It is a client conversation that needs to happen…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > insurance-moves-corgi-panamerican-third-wave-relm-axa-xl-burns-and-wilcox-mj-more-589265.aspx

Insurance moves: Corgi, Pan-American, Third Wave, Relm, AXA XL, Burns & Wilcox, MJ, More

3+ day, 16+ hour ago   (958+ words) Corgi has named Erin Gambrel (pictured, center) vice president of financial services, tasked with driving retail investor growth and brand reach for the company's ETF lineup. Gambrel joins from Investing Authority, where she oversaw retail trading campaigns reaching more than…...

Insurance Business
insurancebusinessmag.com > reinsurance > news > breaking-news > ai-liability-has-no-fixed-address-in-casualty-reinsurance-589307.aspx

AI liability has no fixed address in casualty reinsurance

3+ day, 12+ hour ago   (457+ words) The casualty reinsurance market already carries AI exposure. The question is whether it knows where. That is the practical challenge running through a Howden Re roundtable published at Monte Carlo. Four of the broker's global casualty leaders mapped how AI-related…...