Despite Catastrophic Losses In 2017, Few Homeowner Insurance Complaints In Texas
In 2017, Texas homeowners suffered significant losses from Hurricane Harvey, severe hailstorms and tornadoes around the state. Despite another year of bad weather, data from the Texas Department of Insurance (TDI) shows that justified consumer complaints continued to be low.
February 8, 2018
Catastrophe
Property
Risk Management
Texas
Insurtech Startup, Insurer Team Up To Reduce Injury Claims With Wearables
Argo Insurance is planning to launch a new pilot program with insurtech startup Kinetic, a maker of wearable devices, aimed at preventing back injuries and corresponding injury claims from its restaurant, supermarket and retail clients.
February 6, 2018
Risk Management
Technology
Workers' Compensation
Insurers More Willing To Experiment With New Tech This Year
A majority of insurers plan to significantly increase spending on emerging technologies, such as artificial intelligence, and create separate business unitsor innovation labsto develop and market new products.
February 2, 2018
Risk Management
Technology
Risk Management: Reducing Liability Exposure With Gift Cards
You are providing risk advice to a company accused of wrongdoing. What do you think about your client offering voluntary gift cards as a strategy to reduce liability?
January 29, 2018
Litigation
Risk Management
Decades Of Evolution: Claims Handling Today
Its been almost 40 years, but how much has the claims space — and the role of a claims handler — changed since 1979?
January 29, 2018
Risk Management
Zurich Head On The Need To Look At Claims As Cost Pressure Rises
Claims transformation is being pushed to the top of insurers agendas thanks to a changing marketplace, heightened customer expectations, and pressure to reduce costs, says Zurichs head of claims strategy.
January 23, 2018
Risk Management
Technology
Marsh Warns Of Hurricane Katrina-Scale Losses From Cloud Breach
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.
January 19, 2018
Catastrophe
Excess & Surplus Lines
Liability
Risk Management
Technology
Insurers Agree To Increase Payments Without Itemization For North Bay Fire Losses
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.
January 19, 2018
Property
Risk Management
California
Top Emerging Techs For Insurers: Predictive Analytics, AI, Chatbots
Insurers show interest in a diverse range of so-called "emerging" technologies, but certain innovations are farther along the deployment curve than others.
January 17, 2018
Risk Management
Technology
Insurers Sent Private Fire Crews To Homes Threatened By The Thomas Fire
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.
January 9, 2018
Property
Risk Management
California
Release Of All Claims Attached To Some Hurricane Irma Payouts
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.
January 5, 2018
Litigation
Property
Risk Management
Florida
10 Insurtech Trends At The Crossroads
The emergence of insurtech has reshaped the strategic insurance agenda. Here are the top 10 insurtech trends as we enter 2018.
January 3, 2018
Risk Management
Technology
Amazon Makes Another Glance Towards Insurance
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.
January 3, 2018
Risk Management
Technology
Aero-Tech Is Changing The Way Adjusters Work
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.
December 21, 2017
Risk Management
Technology
Claims Management: The Next Wave Of Disruption
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.
December 20, 2017
Risk Management
Technology



