The Auto Insurance Triple Threat
Property and casualty claims involve a delicate balance between pace and precision. If you move too quickly, then you may miss critical information. If you dive too deep, then you may wind up compromising customer experience and personal productivity, with no real benefit to anyone.
June 7, 2018
Auto
Fraud
Risk Management
Technology
Canada May Be Short On Independent Adjusters
Does Canadas property and casualty industry have enough resources in place to adjust major catastrophes that occur in tandem or right on the heels of each other?
June 7, 2018
Catastrophe
Property
Risk Management
Preparing For The AI Tidal Wave
Insurance executives who wonder if artificial intelligence should be a top priority for their company might want to consider the following: “AI is one of the most important things that humanity is working on."
June 5, 2018
Risk Management
Technology
Blockchain Insurance Policy In Puerto Rico Pays Out Claims Based On Wind Speeds
Months post-Hurricane Maria, life on Puerto Rico still hasnt returned to normal with parts of the island lacking power, and water systems that have not yet been restored.
June 4, 2018
Property
Risk Management
Technology
State Farm Auto Accused Of Racketeering Through Campaign Contributions To Judges
State Farm policyholders are receiving notifications via postcard of an upcoming trial that may allow them to recover for alleged actions and/or conduct by the company to influence actions by the Illinois Supreme Court by providing $4 million dollars to the campaign.
May 30, 2018
Auto
Fraud
Litigation
Risk Management
Windstorm Association Denied Harvey Claim Due To Clerical Error
On Thursday, Mary Ann Heiman was at the site of her Port Aransas bait shop, which nine months ago had been flattened when Hurricane Harvey roared across the causeway. Nothing had remained after the Category 4 winds passed.
May 25, 2018
Property
Risk Management
Texas
Insurances Flawed Business Model
At its core, the industry is plagued by an inherent conflict of interest. Our customers dont have an industry expert advocating solely on their behalf; the experts have financial incentives coming from the insurance industry.
May 24, 2018
Risk Management
Alabama
Alaska
Arizona
Arkansas
California
Insurers Digital Timeline Speeds Up With Pressure From Big Tech
Nearly a third of consumers would be open to purchasing insurance from big tech firms such as Amazon and Apple, according to the new World Insurance Report 2018 from Capgemini in collaboration with Efma.
May 22, 2018
Risk Management
Technology
Ontario Auto Insurer Faces Lawsuit Over Credit Scores In Accident Benefits Claims
A major Ontario auto insurer is facing a lawsuit over allegedly using credit scores in adjusting accident benefits claims.
May 18, 2018
Auto
Litigation
Risk Management
Lemonade Wants To Rewrite The Insurance Policy Itself
Lemonade has made some big moves in the world of insurance. The company uses AI and bots to sell insurance, and has flipped the business model to ensure that Lemonade is never in conflict with customers filing insurance claims.
May 16, 2018
Legislation & Regulation
Risk Management
Managing Catastrophe Response With The Right People, Tools And Technology
The 2018 Atlantic hurricane season will officially begin on June 01. For the six months following, the country will be on high storm alert and many will have their fingers crossed the relatives of Hurricanes Harvey, Irma and Maria decide not to make landfall in 2018.
May 15, 2018
Catastrophe
Risk Management
Technology
Survey: Insurance Industry Hiring To Hit Record Levels In 2018
A new outlook survey predicts this year will see insurers working to fill more jobs than ever before. Insurance industry hiring is taking off at a powerful rate, causing insurers to face a number of challenges.
May 14, 2018
Risk Management
Blockchain Use Cases For Carriers Beyond Proof Of Insurance
Insurers are beginning to answer questions around how and when blockchain will be fully utilized in the industry, as multiple organizations continue to launch new proofs of concepts to test out the ledger technology.
May 10, 2018
Risk Management
Technology
Insurers Using AI Smart Total Loss Tool; Repairers To Test It Soon
A CCC executive said Wednesday that insurers have begun to use its artificial intelligence Smart Total Loss tool, which can predict whether a vehicle is destined for a salvage auction based upon a photo, on “live claims today.”
May 3, 2018
Auto
Risk Management
Technology
40% Of Automobile Accidents Are Work-Related, Costing Employers Billions
Even with an abundance of awareness campaigns, distracted and dangerous driving remains a problem on the roads.
May 3, 2018
Auto
Liability
Risk Management
Technology



