The Driver’s Increasing Involvement In Photo Estimates

If you’ve been paying attention to your legislature, or you’ve attended a recent CIC meeting, or you’ve seen FenderBender’s extensive coverage of the issue, then you probably know about the rising relevance of photo estimates.
September 27, 2017 Auto Risk Management

Nearly 2B Data Records Compromised In First Half Of 2017

More than 900 data breaches led to nearly two billion records being compromised worldwide in the first half of 2017, digital security company Gemalto said in a new report.
September 25, 2017 Liability Risk Management Technology

Lessons For Insurers From The Equifax Cyberattack

Insurance carriers should concentrate on improving security governance, data protection and breach response strategies in the wake of the Equifax cyberattack, says Tom Benton, vice president of research & consulting at Novarica.
September 25, 2017 Risk Management

Drones Are More Helpful Than Ever In Hurricane-Ravaged Texas And Florida

Unmanned aircraft — small and large — swooped in during the aftermath of Hurricanes Irma and Harvey to get a glimpse of the devastation. That’s why insurance companies have been using drone technology more than ever before to quickly — and safely — assess damage from the storm.
September 25, 2017 Catastrophe Property Risk Management Technology Florida Texas

Insurance Drone Operator Donating Service To Expedite Irma Claims Processing

In the devastating wake of Hurricane Irma in Florida, roads are damaged, trees and power lines are down, and houses and buildings have been battered. All of which makes it difficult to get to many sites to review them for claims.
September 18, 2017 Property Risk Management Technology Florida

Shortage Of Independent Adjusters Leads To Highest Fees Ever Paid

Independent adjusters in Florida might have their work cut out for them — with numerous Hurricane Irma-related claims being filed — but they look set to be compensated for their hard work with the region’s increased pay rates.
September 18, 2017 Catastrophe Property Risk Management Florida Texas

Big Insurers Using New Hail Damage-Estimating Technology

Allstate announced Tuesday it had provided automated hail estimating to victims of a recent Colorado hailstorm, the first of the nation’s Big 4 insurers to offer the new technology on the ground.
September 14, 2017 Auto Risk Management Technology Colorado South Carolina

Adjuster Scoping Techniques Can Be Motivated By Rewards During Catastrophes

Over 82,000 victims of Hurricane Harvey have so far filed claims with the National Flood Insurance Program (NFIP), reports say.
September 13, 2017 Catastrophe Property Risk Management Texas

Insurers Beg Customers Not To Sign Over Claims Rights After Hurricane Irma

Number two on the list of what insurance companies are most afraid of right now — after billions of dollars in Hurricane Irma claims — are armies of contractors and attorneys swelling those claims by billions of dollars more.
September 12, 2017 Litigation Property Risk Management Florida

Equifax: 143M US Consumers Affected By Criminal Cybersecurity Breach

Credit reporting company Equifax (EFX) announced Thursday a cybersecurity data breach that could have impacted about 143 million U.S. consumers.
September 8, 2017 Liability Risk Management Technology

Florida’s Citizens Property Insurance Is Ready For Irma

A decade-long lucky streak of decent weather that helped rescue one of Florida’s biggest home insurers from collapse could come to a wet, violent end if predictions about Hurricane Irma prove true.
September 7, 2017 Catastrophe Property Risk Management Florida

U.S. Virgin Islands Spent Money Intended To Help After Hurricanes

The U.S. Virgin Islands for years redirected money intended to help pay insurance claims after large disasters for other needs, raising the vulnerability of residents as Hurricane Irma ravishes the territory.
September 7, 2017 Catastrophe Property Risk Management Florida

Commercial Drones: Harvey A Seminal Moment For The Insurance Industry

Fleets of commercial drones are primed to hover over the destruction from Tropical Storm Harvey in an unprecedented test of unmanned aircraft’s ability to assess billions of dollars in damage for the insurance industry and accelerate payouts for harried policyholders.
August 30, 2017 Auto Catastrophe Property Risk Management Technology Texas

How Insurers Need To Change As Cyber Threat Evolves

Technology and digitalization are now major players in global business and operating models. As companies increase their technological footprint and expand their digital strategy, they become increasingly vulnerable to cyber-related risk and potential data breaches.
August 24, 2017 Risk Management Technology

Montana: Safelite, Lynx Administering Auto Glass Claims Without License

Montana has warned Safelite and Lynx to stop serving as unlicensed glass claims administrators for several large insurers, according to documents filed earlier this month.
August 21, 2017 Auto Risk Management Montana
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