Robotic process automation (RPA) can be used to automate manual, high-volume and repetitive data tasks — especially those where human touch does not add value. Think of all the needlessly manual data entry involved in your underwriting and claims processes.
The practice of law has been forced to stretch, grow, and morph at light speed due to the COVID-19 pandemic. Technology and computer applications that had never been utilized are now the mainstay for litigation. In-person hearings and depositions are a faint memory.
Two of California’s worst wildfires in 2018 cost Allstate Corp. a half-billion dollars, but the insurance conglomerate was able to give investors some reassuring news: It had already shrunk its footprint in California by half, creating a buffer of sorts against future losses.
A committee of the Massachusetts Legislature has held a hearing on a bill that would limit the amount of time insurance companies have to investigate the cause of a loss, and would require the insurer to make payments for the vehicle while the investigation is ongoing.
While property crime (except for car theft) has been on the decline, the United States has been experiencing a worrying surge in violent crime since the start of the pandemic.
The PwC Insurance Banana Skins 2021 survey shows that cybercrime is ranked as the number one risk by carriers globally, while climate change tops the list for reinsurers amid a rise in natural catastrophe events.
Houston’s Astroworld Festival is now considered one of the deadliest concerts in U.S. history. Eight people are dead and many more injured after the crowd surged as the festival’s headliner, Travis Scott, performed Friday night.
We begin our brief narrative where the Wall Street Journal ended its coverage late last month: ‘Investors want to make money while feeling they are contributing to a more sustainable and fair world. Given the demand, firms are rushing to classify their investment offers as ESG-friendly, sometimes stretching the definition, or making overblown claims.’
CCC Intelligent Solutions has launched a photo-based estimating service that uses artificial intelligence (AI) and ‘insurer-driven’ rules to generate what it calls ‘detailed and actionable’ line-level repair estimates in a matter of seconds.
An insurer has won the first jury trial on coverage for Covid-19 business interruption losses after a federal jury in the Western District of Missouri issued a verdict in favor of The Cincinnati Insurance Company . . .
In all my years covering all manner of technology, telematics may have caught me off-guard the most. When I first wrote about Progressive’s auto telematics program, Snapshot, in 1998, it seemed like a slam dunk.
Catastrophe insurance plays a vital role in helping protect businesses and households from financial losses incurred from natural calamities, including earthquakes, floods, hurricanes, and wildfires, as well as man-made disasters such as explosions and terrorist attacks.
Lemonade has finally launched its auto insurance product, called Lemonade Car. The new Lemonade Car product is initially available in Illinois, with plans to launch in Tennessee next.
