The warning comes on the heels of a volatile period for insurance broker and agent stocks. On Feb. 9, the subsector plunged 9% following news that two digital insurance companies—U.S. auto comparative rater Insurify and Spanish homeowners insurer Tuio—had launched chatbot assistants utilizing ChatGPT technology. However, over the next three weeks, insurance distribution stocks rallied 7%, outpacing a broader S&P 500 decline of 1%. The marketplace appeared to digest the AI threat and decided it was not a material risk to revenue growth, adopting a broadly optimistic “nothing to fear” and “far away” sentiment.
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Preorders for the MacBook Neo opened Wednesday, March 4, ahead of its formal launch on March 11. The new iPhone 17e, M4 iPad Air, M5 MacBook Airs, upgraded MacBook Pros, and Studio Displays, which Apple unveiled earlier this week, are also now up for preorder. The company is reportedly anticipating high demand for this wave of new devices.
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