More Than 6 Million in US Don't Have Homeowners Insurance

14/03/2024 9 min Temporada 1 Episodio 40
More Than 6 Million in US Don't Have Homeowners Insurance

Listen "More Than 6 Million in US Don't Have Homeowners Insurance"

Episode Synopsis

The Connected Podcast: Insurance Ecosystem News & Events Welcome to "The Connected Podcast", where we delve into the most impactful news and events within the insurance ecosystem. Here's what to expect from our insightful and in-depth segments:  In our latest episode: Homeowner Insurance Gaps: A study reveals shocking statistics on uninsurance in the U.S., highlighting racial wealth disparities and exposing billions in unprotected property value. Deepfake Dangers: The insurance industry grapples with the rising threat of AI deepfakes, with a spotlight on a harrowing $25 million scam and the urgent need for legal and security reform. Pipeline Politics: Nord Stream's insurance claim post-explosion stands contested in a case intertwining legal complexity and geopolitical tensions.   Additional insights from the industry: Ruling with Integrity: Chubb Ltd. CEO, Evan Greenberg, addresses the controversial surety bond for Donald Trump, delineating the company's commitment to law over personal sentiment. Women's Financial Fears: A survey uncovers the problematic financial landscape for women investors, particularly in retirement planning, amid economic volatility. Insurance Price Increases: Home insurance prices rise significantly, prompting recommendations on mitigating costs and risks for homeowners through diverse insurance products.   Exploring innovation and sustainability: Machine Learning in Underwriting: AXA XL adopts machine learning for an underwriting revolution—Matt O'Malley discusses the transformation from data collection to predictive analytics. Generative AI's Challenges and Opportunities: The podcast tackles the potential and pitfalls of generative AI, suggesting that intelligent regulation could support innovation. Climate Risk Insurance: AXA Climate's partnership with Reask ushers in the use of Metryc system for parametric insurance, signalling a commitment to climate resilience.   A vision for the future: Empathy in Bereavement: With a $47 million Series B funding, Empathy brings holistic support to those dealing with loss, surpassing traditional financial assistance. Encova and Guidewire's Technological Leap: A partnership that promises enhanced efficiency and agility in operations, while also emphasizing a smaller technological footprint. Green Strategies in Insurance: Réseau Fix's Sylvain Séguin discusses the necessity of sustainable operations as the industry recalibrates its environmental responsibility.   Join us on "The Connected Podcast" as we analyze these crucial developments, understanding the intricate dynamics and shaping the future of the insurance landscape. Tune in and stay connected to the pulse of the insurance world. Links:No homeowners' insurance? Why more than 6 million in US don't have itDeepfakes are causing real-life harm Nord Stream sues insurers in London over 2022 pipeline blasts Greenberg writes to Chubb customers about Trump bond <