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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 units—or innovation labs—to 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

It’s 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 Zurich’s 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 Amazon’s 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
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