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How AI combats business insurance fraud

Fraudulent claims are increasing yearly, driving up premiums for honest customers and placing operational and financial strain on insurance companies. Businesses must address this growing problem. However, detecting and preventing fraud is challenging without the latest tools. Fraudsters are becoming increasingly sophisticated, leveraging technologies...

State Leaders Seek to Cap Lawsuit Awards, Cite Business Insurance Concerns – Insurance News

Just a few days into Georgia's 2025 legislative session, proposed new limits on lawsuit awards is a priority trumpeted by business groups, some lawmakers and the governor alike as one of the top issues of the year. At last week's State of the State...

Parker, Smith & Feek Rebrands to IMA – Oregon Business

Longtime PNW independent broker joined IMA as strategic partner in 2021 Share this article! IMA Financial Group, A North American insurance brokerage firm defining the future of insurance through comprehensive, consultative risk and wealth management advisement services, is realizing a major milestone this week with...

Small businesses learn the limits of insurance after fires and floods

Scores of restaurants, shops and community landmarks are among the 12,300 structures destroyed in the blazes still raging in Los Angeles. Many of their owners are already filing insurance claims — joining a growing number of entrepreneurs across the country who are finding...