Marsh Warns Of Hurricane Katrina-Scale Losses From Cloud Breach

Cyber exposure shot into focus in 2017. Dramatic events like WannaCry and NotPetya crippled parts of the corporate sector and forced the business world to wake up to the ever-evolving issue.
January 19, 2018 Catastrophe Excess & Surplus Lines Liability Risk Management Technology

Insurers Agree To Increase Payments Without Itemization For North Bay Fire Losses

Under pressure from state Insurance Commissioner Dave Jones, many insurance companies have agreed to make additional payments for personal property lost in the North Bay fires without requiring policyholders to fill out a detailed inventory.
January 19, 2018 Property Risk Management California

Top Emerging Techs For Insurers: Predictive Analytics, AI, Chatbots

Insurers show interest in a diverse range of so-called "emerging" technologies, but certain innovations are farther along the deployment curve than others.
January 17, 2018 Risk Management Technology

Insurers Sent Private Fire Crews To Homes Threatened By The Thomas Fire

Debra Salem-Drake was packing to evacuate as a wildfire moved within a half-mile of her Ventura home when she got a surprising call. Her insurance company was offering to come spray her home with fire-blocking gel...for free.
January 9, 2018 Property Risk Management California

Release Of All Claims Attached To Some Hurricane Irma Payouts

Some Florida homeowners are finding that their insurance companies are employing an interesting strategy to avoid future claims. Settlement checks sent by at least three companies include language saying that accepting the check releases the companies from further obligations connected to the claim.
January 5, 2018 Litigation Property Risk Management Florida

10 Insurtech Trends At The Crossroads

The emergence of insurtech has reshaped the strategic insurance agenda. Here are the top 10 insurtech trends as we enter 2018.
January 3, 2018 Risk Management Technology

Amazon Makes Another Glance Towards Insurance

It was last year that we first told you about Amazon’s plans to enter the insurance industry as it lined up staff for its European business. Now, it appears to be making further overtures towards the sector.
January 3, 2018 Risk Management Technology

Aero-Tech Is Changing The Way Adjusters Work

Just a few short years ago, drone flights and satellites were the things of science-fiction. Fast-forward to the present day, though, and these unmanned aircraft are playing an important role in crop insurance.
December 21, 2017 Risk Management Technology

Claims Management: The Next Wave Of Disruption

According to a recent report from Willis Towers Watson, insurtech funding skyrocketed during the second quarter of 2017, and claims management appears to be the next battleground for startups.
December 20, 2017 Risk Management Technology

As California Fires Blaze, Homeowners Fear Losing Insurance

California homeowners and regulators have a new fear about wildfires ravaging the state: that insurers will drop coverage. Massive, out-of-season fires in northern and southern California are causing billions of dollars in claims and challenging expectations of when and where to expect blazes.
December 18, 2017 Property Risk Management California

Cyber Defense: Psychology’s Relevance On The Front Line

The best way to defeat or at least largely mitigate hackers is with a dynamic defense system. When combined effectively, anti-virus software, NGFWs and the products and services from cybersecurity companies like CyberArk and FireEye can provide an organization with a resilient cybersecurity framework.
December 14, 2017 Education & Training Excess & Surplus Lines Risk Management

Florida’s Citizens Insurance Plans Online Claims Portal By 2018 Hurricane Season

Deluged with phone calls from policyholders after Hurricane Irma, state-run Citizens Property Insurance Corp. is planning to create a self-service online portal in time for the 2018 hurricane season.
December 14, 2017 Catastrophe Property Risk Management Florida

IoT To Define The Insurance of Things

The Internet of Things (IoT) is a new concept for most people. The term, and the industry, have gained relevance through wearables like FitBit, and IoT’s presence in the home is slowly starting to become more mainstream (though the concept has been around for decades, especially in the industrial space).
December 13, 2017 Property Risk Management Technology

Why The Sedgwick-Cunningham Deal Is Good For Adjusters

Sedgwick Claims Management Services Inc., a global provider of technology-enabled risk and benefits solutions, announced on Wednesday it has signed an agreement to acquire Cunningham Lindsey, a global loss adjusting, claims management and risk solutions firm.
December 7, 2017 Catastrophe Liability Property Risk Management

Top 3 Issues For Adjusters

Monica Kuzyk, president of the Canadian Independent Adjusters’ Association (CIAA), talked to Canadian Underwriter Monday about the most significant issues facing Canadian insurance adjusters going into 2018.
December 7, 2017 Education & Training Risk Management
SOS Ladder AssistMid-America Catastrophe ServicesAspen Claims ServiceWeller SalvageNationwide Overspray