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Artificial intelligence patenting in insurance is becoming a high-stakes, highly concentrated race dominated by a handful of U.S. carriers.

Artificial intelligence patenting in insurance is becoming a high-stakes, highly concentrated race dominated by a handful of U.S. carriers.

A former Michigan pharmacist and his brother were sentenced to eight and five years in federal prisonfor orchestrating a years-long health care and wire fraud scheme that defrauded Medicare, Medicaid and Blue Cross Blue Shield of Michigan of more than $15 million. Prosecutors said Raad Kouza, 59, and Ramis Kouza, 46, systematically billed insurers for…

The insurance industry is facing a shortage of personnel. Professionals known as underwriters are retiring, fewer and fewer young professionals are joining the business, and companies are trying to fill the gap with workflow management tools. At the same time, the volume of applications is growing. The gap between the industry’s needs and its capacity to…
AI robot removes a barrier in front of a speeding train labeled "Annuities".
Annuities, at times, has had a reputation as a complex, difficult product for advisors to sell. Can AI break remove that barrier? (AI-generated image)

Annuities, at times, has had a reputation as a complex, difficult product for advisors to sell. Can AI break that barrier down?
Illustration of two AI robots generating leads.
One of the ways agents use AI is to generate leads. By focusing on pre-qualified, high-intent prospects,, agents can grow their client base. (AI-generated image)

One of the ways agents use AI is to generate leads. By focusing on pre-qualified, high-intent prospects,, agents can grow their client base.

–Registered investment advisors are growing increasingly concerned about their liabilities for errors and issues caused by artificial intelligence and wire fraud, though vulnerability to cyber breaches or attacks remains the top worry, according to the 2025 RIA Bi-Annual Risk Survey from insurance brokerage Golsan Scruggs. This marked the first year…