Insurance innovation is alive and kicking, and gaining traction, as represented by the wide array of submissions for the 2020 Innovation in Insurance Awards, sponsored by Efma and Accenture.
In a survey released at the end of April by Mitchell International, half of the responding workers’ compensation professionals reported that cost containment is the driving factor for adopting advanced technologies such as artificial intelligence (AI), predictive analytics, telemedicine, wearables, mobile technology and chatbots.
As Florida businesses are navigating the “Safe. Smart. Step-by-Step Plan” to reopen Florida, the wave of COVID-19-related litigation is highlighting the fact that these lawsuits may also dredge up long-simmering employment conflicts unrelated to the pandemic.
Many roads were washed out and trees were down blocking roads in Granville, Nash and Vance counties on Wednesday, making for hazardous driving conditions. Rocky Mount officials said Wednesday evening at least nine people were rescued from their home because of flooding around their house.
Several homes were destroyed or damaged by a grass fire Wednesday that was burning near Oroville. The fire ignited around 11:50 a.m. along Nelson Avenue, Cal Fire said. It charred an estimated 95 acres and was 100% contained by 7 p.m., according to Cal Fire.
The J.D. Power 2020 U.S. Auto Insurance Study released last week revealed that auto insurance websites have become more important to the customer experience than human agents for the first time.
Auto insurance customers should enjoy a shorter claims journey if pandemic-related changes stick around, insurance pros told Canadian Underwriter recently. Social distancing rules related to the COVID-19 pandemic have forced the insurance industry, along with its customers, to adopt technology for insurance-related services.
Ever wonder what makes a person willing to commit insurance fraud? A new Insurance Speak podcast featuring Michael Skiba, an international expert on economic crime and also known to much of the world as Dr. Fraud, takes us into the mind of a fraudster.
The weekend hailstorm that tore up houses, smashed car windows and flooded streets in Calgary is expected to be labelled a natural catastrophe, according to an insurance expert.
A buzz phrase gaining momentum in the insurance market at the moment is “ecospheres of prevention.” It’s about using smart devices to monitor for signs of impending loss events, and to then signal that to policyholders.
SUVs are more likely than passenger cars to injure or kill pedestrians, according to a new U.S. insurance industry study which recommended design changes to improve safety.
The death of George Floyd is a national tragedy that should never have happened. The winds of change are in the air and we can only hope that peace, understanding, justice and fairness for all will prevail.
As tropical storms become more likely, COVID-19 is changing the ways resulting insurance claims are handled. New tools and practices can help insurers work within physical distancing guidelines, for example. A survey of claims-related organizations reveals how the sector plans to change its processes for this year’s hurricane season.
At a time when many business owners would normally be looking to the skies and nearby waterways for seasonal flooding threats, thoughts are elsewhere in the spring of 2020.
Around the globe, the take-up of electric cars is expected to accelerate rapidly in future, driven by consumer demand and government policies aimed at tackling climate change.
