insurance industry
6 stories related to this topic, newest first.
rigzone.comGlobal Indemnity Group Appoints New Board Member
Global Indemnity Group, LLC announced the appointment of a new director to its board effective May 18, 2026. The individual previously served on the board from 2019 to 2021.
SemaforAllstate CEO Says AI Should Be Used to Employ More People, Not Cut Costs
Tom Wilson, who became CEO of Allstate in January 2007, has directed the insurer to explore how artificial intelligence can expand its workforce and deliver new services to customers. Allstate has tasked individuals on each of its AI teams with examining business model changes th…
SemaforPoll: 78% of Voters View Insurance Companies Unfavorably, Blame Them for Health Care Costs
New polling from OnMessage Inc. reveals that 78% of voters view insurance companies unfavorably. The research indicates voters favor candidates who challenge these firms. Health care costs rank high among voter concerns, just behind gas and groceries.
insidermonkey.comProgressive Insurance Reports Q1 2026 Earnings Exceeding Analyst Estimates
The Progressive Corporation released its first-quarter 2026 earnings on April 15, 2026. Net premiums written reached $23.64 billion, surpassing the estimate of $23.28 billion. Earnings per share increased to $4.80 from $4.37 in the prior year.
Substrate placeholder — needs reviewFederal Reserve Examines Banks' Exposure to Private Credit Funds
The Federal Reserve has begun examining major banks for their exposure to private credit funds amid concerns over potential risks. This follows reports of a private credit unwind that began months ago. The Treasury is also reviewing insurers' involvement in these funds.
Substrate placeholder — needs reviewHealth Insurers and Hospitals Recognize AI Scribes Increase Healthcare Costs Without Consensus on Solutions
Health insurers and hospitals have acknowledged in private discussions that AI scribes are contributing to higher healthcare costs. The technology, used to automate clinical documentation, has led to increased billing and administrative expenses. While both parties agree on the i…