Industry Lines Up to Defend North Carolina’s 42% Rate Increase
Aon, ISO and academics submitted testimony in favor of North Carolina’s double digit storm insurance rate proposal driven by expected modeled losses.
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AI Forces Insurers to Rewrite Risk Models, Senate Panel Told
A Senate Banking Subcommittee hearing underscored how artificial intelligence is simultaneously rewriting insurers’ actuarial playbooks and creating new, hard-to-price exposures that must be quantified to unlock reinsurance capital.
