In 2015, there were more than 6.3 million car accidents reported that involved property damage with insurance fraud accounting for 10 percent of property/casualty claims processed. While not every accident resulted in an insurance claim, those that did required extensive effort to be verified manually.
Leaders in the insurance industry, like many other industry executives, are seeking routes to profitable growth amid unprecedented economic, financial and regulatory change.
John Matthew Polous watched a "controlled-burn" fire for three days as it consumed foliage outside his tiny community on the Florida Panhandle. And then he watched as it quickly raged out of control.
Insurance tech company Think Geohazards has released an enhanced version of its flood risk estimation tool to allow flood insurance carriers and government agencies to more precisely project flood loss in any given area.
Harvey Weinstein is facing yet another legal battle. The embattled former movie producer is being sued by Steadfast Insurance Co., an insurer that covers policies for the Walt Disney Company.
The state Assembly Insurance Committee approved on Wednesday legislation to revamp insurance rules in the aftermath of natural disasters, but removed a provision that could have aided victims of last year’s North Bay fires.
A Tesla Inc Model S involved in a May 8 fatal high-speed crash in Florida reignited twice after firefighters extinguished a fire in the electric vehicle, the National Transportation Safety Board (NTSB) said in a preliminary report on Tuesday.
A wildfire in Northern California that forced 1,500 people to flee their homes continues to grow and is heading toward a sparsely populated area in a region hit hard by wildfires in recent years, Cal Fire said.
From bogus claims to shady brokers, insurance fraud costs companies and their customers more than $40 billion a year, the FBI estimates. And that’s excluding medical insurance fraud, which is estimated by industry groups to cost tens of billions more.
The family of a Kokomo couple who were struck and killed in Seattle by a drunk driver five years ago have settled a wrongful-death lawsuit against the city for $13 million.
One construction worker died and at least 12 others were injured in an explosion Tuesday afternoon in a building under construction at the rear of the Coryell Memorial Healthcare System in Gatesville, officials confirmed during a news conference Tuesday evening in Gatesville.
In a private waterfront resort on the northern tip of Key Largo, nestled between tropical forest and the Caribbean, Eric Soulavy is marketing luxury for the age of climate change: Coastal homes that are all but hurricane proof.
Aggressive subrogation practitioners always look for short cuts. Ours is an industry in which the “bottom line” means the difference between success and failure.
There are a number potential operational and economic benefits that blockchain technology could provide to the insurance industry, according to a new report from Boston Consulting Group.
The Fort McMurray Airport Authority (FMAA) is suing FM Global for more than $34 million, contending that the insurer breached its obligations under a policy in place during the Fort McMurray wildfire in May 2016.
