The regulator alleges insurer failed to act in utmost good faith by repeatedly delaying assessment and settlement of a claim filed after storm damage in 2021.
The global IoT landscape is set to expand rapidly, with connected devices projected to double by 2030, underscoring new opportunities for real-time insights and operational efficiency in insurance.
Plan focuses on improving customer outcomes, supporting vulnerable policyholders, updating policies to prevent financial abuse, and enhancing claims handling.
