Millennial Insurance Jobs Are Consistently Underestimated Despite Career Potential

Millennial insurance jobs are proving to be among the employment opportunities that have the greatest potential for that generation. They are taking positions from claims adjusters to data scientists and underwriters in which there are massive skill sets to be built.
February 21, 2017 Education & Training Risk Management

Are Uber And Airbnb Beating Insurers?

In a data-driven world, companies like Airbnb and Uber have revolutionized their respective industries through customer data and analytics, despite not owning traditional revenue-generating assets.
February 6, 2017 Risk Management Technology

Lawsuit Accuses Body Shop Of Hostility Toward Adjusters

Insurance giant Geico is asking a federal judge to free it from having to do business with a Tigard-based autobody shop, alleging in a lawsuit that continuing to do so puts its employees’ safety at risk - in violation of Oregon law.
February 1, 2017 Auto Litigation Risk Management Oregon

How Digital Distribution And Underwriting Can Close Protection Gaps

One of the major promises of insurance’s digital transformation is the ability to cover more risks for more people.
January 30, 2017 Risk Management Technology

Catastrophic Designation Varies Among Idaho Insurers Handling Winter Claims

Kristine Howe and her mother were stopped at the intersection of Ustick and Meridian roads on Monday when a driver slammed into the back of their minivan. The minivan’s brakes were no match for the icy road.
January 26, 2017 Auto Catastrophe Liability Property Risk Management Idaho

‘Who Pays?’: Having OEM Documents Helps In Insurer Negotiations

Though there’s likely always going to be local adjusters who refuse to listen, the latest completed “Who Pays for What?” survey found OEM repair procedures to be an effective tool in collision repair-insurer negotiations.
January 25, 2017 Auto Education & Training Risk Management

AI Is Making Waves, But Insurers Still Have Adjustments To Make

Talk to many leaders around the insurance industry, and one technology trend stands out as poised to make a big impact in 2017: Artificial intelligence.
January 18, 2017 Risk Management Technology

Oklahoma Employer Traffic Safety Program Aims To Save Lives, Money

One of the costliest aspects of running a business is also one of the most often overlooked — traffic safety. Whether crashes occur on or off the job, employers foot the bill, through everything from insurance premiums to productivity losses.
January 18, 2017 Auto Education & Training Liability Property Risk Management Oklahoma

Montana Legislator Challenges Insurer Cancellations Over Zero Dollar Claims

After the damaging May 18, 2014, hailstorm pummeled roofs all over Billings, insurance companies refused to renew about 3,000 homeowners’ policies. The reason given? They had filed three claims in three years, including claims for which the insurance company paid out money — and claims for which the company paid nothing.
January 10, 2017 Legislation & Regulation Property Risk Management Montana

The Impact Of Insurance Advertising On Jurors

Geico’s famous “spokesperson,” a hugely popular gecko named Martin, turned 16 years old this year. Assuming that Martin is an average gecko, he’d likely weigh in at a whopping 2.5 ounces.
January 6, 2017 Litigation Risk Management

Four Ways Virtual Presence Is Transforming the Claims Process

The internet of things (IoT) is paving the way for newer and more efficient tools for communication and collaboration. Organizations in all industries are adding IoT enablement initiatives to improve their service offerings.
January 5, 2017 Risk Management Technology

Japanese Insurer Replaces Claims Workers With IBM Watson

A Japanese insurance firm has announced that it is replacing human workers with IBM computers to save on costs and improve productivity.
January 5, 2017 Risk Management Technology

Insurer Workshops Focus On New Open Catastrophe Loss Models

An interactive catastrophe risk modelling tool using maps, metrics and real time updates called RiskInsight and created by Karen Clark & Company (KCC) is branding itself as the insurance industry’s go-to for digital catastrophe analysis.
December 23, 2016 Catastrophe Education & Training Risk Management

10 Insurance Tech Predictions For 2017

After a transformative year for technology in the insurance industry, SMA partners Karen Furtado and Mark Breading, and principal Karen Pauli, think the best is yet to come. “We expect the trends from the past year or two to move toward more operational phases or move to the next level of activity and impact,” the trio writes in its “Top 10 Insurance Predictions for 2017” report.
December 23, 2016 Risk Management Technology

With Infrastructure Built On Bots And Apps, Lemonade Is Set To Conquer

Lemonade Insurance Company announced on Friday that it has filed for a licence in 46 states and the District of Columbia in the United States, in addition to New York, where it was licensed three months ago.
December 23, 2016 Property Risk Management
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