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Insurers seek to keep pace with explosive use of AI

The meteoric rise of artificial intelligence across numerous industries has led insurers, brokers, lawyers and others to pause and consider what new risks and exposures the developing uses of the technology may create.
The meteoric rise of artificial intelligence across numerous industries has led insurers, brokers, lawyers and others to pause and consider what new risks and exposures the developing uses of the technology may create.
Article / 21 hours ago

Riskonnect buys Ventiv

Riskonnect Inc., which is backed by private-equity firm TA Associates LP, said Thursday it has acquired rival Atlanta-based risk management information services provider Ventiv Technology Inc....
Riskonnect Inc., which is backed by private-equity firm TA Associates LP, said Thursday it has acquired rival Atlanta-based risk management information services provider Ventiv Technology Inc....
Article / 4 months ago

Buyers lean on insurtech tools

Technology continues to gain traction in the commercial insurance sector after revolutionizing personal lines insurance by allowing consumers to bind auto and home coverages online with no broker assistance....
Technology continues to gain traction in the commercial insurance sector after revolutionizing personal lines insurance by allowing consumers to bind auto and home coverages online with no broker assistance....
Article / 8 months ago

Markel discloses Vesttoo exposure

Markel Group Inc. late Thursday said letters of credit it held backing more than $125 million in collateralized reinsurance deals involving troubled reinsurance intermediary Vesttoo and a unit...
Markel Group Inc. late Thursday said letters of credit it held backing more than $125 million in collateralized reinsurance deals involving troubled reinsurance intermediary Vesttoo and a unit...
Article / 8 months ago

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