Fourseventy Claims, a leading independent adjustment firm and third-party administrator, today announced a new collaboration with Spex Technologies, a premier insurtech platform provider that delivers better claims processing, property inspections and reporting.

The insurance industry has been adopting technology at an inspiring rate: Artificial intelligence, machine learning and blockchain enable simpler and faster quotes, more intelligent claims and a friendlier customer experience.

Prevention. In the insurance world, taking preventative measures against exposures is key to the business, but some threats are just not preventable — one of them being cyber.

Warren Buffett’s caution about underwriting cyber-insurance put the spotlight on one of the big challenges facing carriers today — how to address a slew of new insurance risks.

Small insurers or mutuals may decide to partner with independent adjusting (IA) firms as a way of providing them with flexibility on costs and full-time staff.

Parametric insurance could become more mainstream in the commercial sector and help clients address some of the limitations of traditional insurance — that’s according to a new report from Airmic in collaboration with Marsh and Swiss Re Corporate Solutions.

The wave of natural disasters that struck North America and the rest of the world last year led to an increase in insured losses seen in 2016 to $144 billion for 2017, according to a recent Swiss Re report. Yet the catastrophic year also led to a reckoning for property insurance pricing as rates continue to rise.

Launched only 14 days ago, the new CRU VUE Roof Image Program is currently running 8 separate two-person teams across Ontario and will be adding another 4 teams in the coming week. Since initial roll-out, CRU VUE has already processed over 1000 claims providing high definition imagery without climbing roofs.

Boards need to reappraise their approaches to risk management to take full advantage of the opportunities presented by the so-called Fourth Industrial Revolution, according to a new report for Airmic prepared by the CASS Business School.

Property and casualty claims involve a delicate balance between pace and precision. If you move too quickly, then you may miss critical information. If you dive too deep, then you may wind up compromising customer experience and personal productivity, with no real benefit to anyone.

Does Canada’s property and casualty industry have enough resources in place to adjust major catastrophes that occur in tandem or right on the heels of each other?

Insurance executives who wonder if artificial intelligence should be a top priority for their company might want to consider the following: “AI is one of the most important things that humanity is working on."

Months post-Hurricane Maria, life on Puerto Rico still hasn’t returned to normal with parts of the island lacking power, and water systems that have not yet been restored.

State Farm policyholders are receiving notifications via postcard of an upcoming trial that may allow them to recover for alleged actions and/or conduct by the company to influence actions by the Illinois Supreme Court by providing $4 million dollars to the campaign.

On Thursday, Mary Ann Heiman was at the site of her Port Aransas bait shop, which nine months ago had been flattened when Hurricane Harvey roared across the causeway. Nothing had remained after the Category 4 winds passed.