According to Jin Shi data reports, on February 10, U.S. insurance brokerage stocks fell sharply due to concerns about industry disruption caused by the launch of an artificial intelligence tool by the private online insurance shopping platform Insurify. The S&P 500 insurance index closed down 3.9%, marking the largest single-day drop since October of last year. Willis Towers performed the worst, closing down 12%, the most severe trading day since November 2008. Arthur J Gallagher followed closely behind, down 9.9%. Insurance analyst Matthew Palazola stated that the market may be concerned about the new AI tools from Insurify and Anthropic, as these applications could pose a threat to the consulting business of insurance brokerage firms.

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