If youve been paying attention to your legislature, or youve attended a recent CIC meeting, or youve seen FenderBenders extensive coverage of the issue, then you probably know about the rising relevance of photo estimates.
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.
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.
Unmanned aircraft — small and large — swooped in during the aftermath of Hurricanes Irma and Harvey to get a glimpse of the devastation. Thats why insurance companies have been using drone technology more than ever before to quickly and safely assess damage from the storm.
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.
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 regions increased pay rates.
Allstate announced Tuesday it had provided automated hail estimating to victims of a recent Colorado hailstorm, the first of the nations Big 4 insurers to offer the new technology on the ground.
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.
A decade-long lucky streak of decent weather that helped rescue one of Floridas biggest home insurers from collapse could come to a wet, violent end if predictions about Hurricane Irma prove true.
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.
Fleets of commercial drones are primed to hover over the destruction from Tropical Storm Harvey in an unprecedented test of unmanned aircrafts ability to assess billions of dollars in damage for the insurance industry and accelerate payouts for harried policyholders.
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.
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.