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.
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.
Insurers show interest in a diverse range of so-called "emerging" technologies, but certain innovations are farther along the deployment curve than others.
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.
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.
It was last year that we first told you about Amazons 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.
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.
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.
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.
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.
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.
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 IoTs presence in the home is slowly starting to become more mainstream (though the concept has been around for decades, especially in the industrial space).
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.
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.