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When Fidelity Investments announced a workforce restructuring last week, the Boston company was adamant: Artificial intelligence played no role in its decision to cut about 1,000 employees. Perhaps more surprising was that the family-controlled company led by Abigail Johnson also plans to hire 2,000 early-career workers— the very type of workers…

Medicare Advantage market penetration remains strong; however, the growth rate has slowed to a record low, of 2.4%; while Prescription Drug Plan enrollment soared to its highest growth rate level since 2013, according to a new analysis by Mark Farrah Associates, www.markfarrah.com. Over half, 51.8%, of people eligible for Medicare have decided on Medicare…
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State insurance regulators are working on plans to implement new guidance on artificial intelligence.

State insurance regulators are at the implementation phase of guidance on artificial intelligence, following broader adoption of a model bulletin.

The following information was released by the University of Virginia's Darden Graduate School of Business Administration:. Over the past year, President Trump has intensified pressure on the Federal Reserve and Chair Jerome Powell to lower interest rates in a bid to boost the economy and cut borrowing costs. The question of central bank independence came up…

Tesla Inc. owners can avail lower insurance premiums with the Supervised Full Self-Driving technology. The Tesla North America handle posted on X on Tuesday, saying that the company will offer a“ score of 100” to drivers for“ every mile” driven with Supervised FSD with the Safety Score v3.0.“ This allows you to maintain a higher average safety score over time,…
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An accurate AI model isn’t automatically a usable one.

As more and more insurers leverage AI for underwriting, claims, and risk management, they face the need for explainability, defensibility, and accountability.

–From adjusting the lighting in a photo to repairing a blurry image, AI‑ powered image editing tools have become part of everyday life– and increasingly, part of the insurance claims process. Verisk, a leading global data analytics and technology provider to the insurance industry, commissioned the Verisk State of Insurance Fraud study to provide insights into…
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AI adoption is accelerating sharply, with evolving large language models expanding what insurers, advisors and independent agencies can accomplish.

A panel of insurance and legal leaders says artificial intelligence is rapidly transforming the life and annuities industry, but compliance is a concern.
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Legacy technology systems are holding insurers back. (AI-generated image)

The legacy technology systems that many insurers rely on are holding them back. Still, it’s unsustainable for insurers to keep kicking the can down the road long-term, according to a new study.
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Technology could help seniors close the retirement savings gap.

With many Americans’ retirement savings falling far short of what they really need for long-term financial security, technology could be leveraged to help close the gap.
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Current insurance agency AI adoption levels vary widely—33% are just experimenting, 22% are using AI in limited areas, 8% are embedding it in daily workflows, and 31% are not using it at all.

According to the Big ‘I’, two-thirds of independent agencies plan to increase their AI usage in the next 12 months.