Zurich has announced a partnership with Carpe Data — a California-based company which offers a claims monitoring system powered by alternative and emerging data — to improve claims processing efficiency and help in the detection of insurance fraud.
Ever since states started legalizing marijuana for medicinal and recreational purposes, there has been a debate over drug testing in the workplace. A worker who is using the drug medicinally may fail a drug test and lose their job.
The story behind coronavirus reads like a Hollywood disaster movie: It appears to be a mutated virus with no available vaccination; over 50 million people in China have been quarantined; over 60,000 people are infected; over 1,300 people are dead; global businesses operating in affected zones in China have shut down or significantly restricted operations; and health experts project the outbreak may not peak until April 2020.
A major insurance claims industry conference scheduled to start Sunday, March 8 has been cancelled due to events related to the coronavirus. The event was scheduled for the Gaylord National Hotel in National Harbor, Maryland, outside Washington, D.C.
As the insurance industry continues down the path toward digital transformation, it is being inundated with data being generated by many different connected devices and systems. Enterprise data is growing so rapidly that analysts at IDC predict the worldwide volume of data will increase ten-fold to 163 zettabytes by 2025.
If you walk into a college classroom and ask, “How many of you would like to work in Insurance?”, I’d be surprised if anybody raised their hand. Unfortunately, there is not enough information given to millennials that promotes the exciting employment opportunities in the industry.
In today’s world, the mentality is “more for less.” This is especially true with our expectations of our new industry level professionals. We place more demands on our young professionals with less training.
Given the risk to life and the economic impact of coronavirus, policyholders and the insurance industry alike are watching and considering whether business interruption, event cancellation, or liability and workers’ compensation insurance benefits may be available while similarly assessing liability risks.
London-based insurtech AI startup Tractable, which is applying artificial intelligence to speed up accident and disaster recovery by using computer vision to perform visual damage appraisal instead of getting humans to do the job, has closed a $25 million Series C, led by Canadian investment fund Georgian Partners.
A major health insurance trade group is pledging its member plans will cover doctor-ordered testing for the coronavirus amid rising confusion and concern about who will bear the cost of care in an outbreak.
The excess and surplus lines market is seeing a strong flow of insurance submissions as standard markets cut back on coverage, said attendees at the Wholesale & Specialty Insurance Association’s underwriting summit earlier this week.
One of the tornadoes that ripped through Middle Tennessee early Tuesday was a "violent" monster that left at least 18 dead in one county, according to officials.
Martinez, Calif. — The Contra Costa County District Attorney’s Office charged Maria Mendoza (52-years-old) with numerous counts of insurance fraud and investigators with the DA’s Office arrested her this past Friday.
