insurance agents News

Viewpoint: Does Artificial Intelligence Know Who’s Barn is the Next to Burn Down?

I shudder at the thought that an algorithm developed by artificial intelligence will allow the insurance industry to no longer spread the risk among all policyholders, but stick it to the few whom the data points identify as the most …

Waivers Allow Felons to Become Insurance Agents in Pennsylvania

Waivers granted in Pennsylvania and many other states to allow convicted felons to become insurance agents have sometimes missed ongoing violations, a newspaper reported. The Philadelphia Inquirer reports that since 2004 the state Insurance Department has issued 111 waivers to …

Agent Liability Limited by Indiana Court, Expanded in New York

Policyholders rely on their insurance agents to acquire insurance coverage. Generally an agent has a duty to obtain the requested coverage with reasonable care and diligence or inform the client of his inability to do so, but the agent has …

Agents Urge Caution on Missouri Insurer Changes

Some insurance agents are urging caution for Missouri lawmakers considering changes to a state-created workers’ compensation firm that has been cited in an audit for taking advantage of federal tax exemptions while spending heavily on perks. Legislation already advanced by …