As California Fires Blaze, Homeowners Fear Losing Insurance
California homeowners and regulators have a new fear about wildfires ravaging the state: that insurers will drop coverage. Massive, out-of-season fires in northern and southern California are causing billions of dollars in claims and challenging expectations of when and where to expect blazes.
December 18, 2017
Property
Risk Management
California
Cyber Defense: Psychologys Relevance On The Front Line
The best way to defeat or at least largely mitigate hackers is with a dynamic defense system. When combined effectively, anti-virus software, NGFWs and the products and services from cybersecurity companies like CyberArk and FireEye can provide an organization with a resilient cybersecurity framework.
December 14, 2017
Education & Training
Excess & Surplus Lines
Risk Management
Floridas Citizens Insurance Plans Online Claims Portal By 2018 Hurricane Season
Deluged with phone calls from policyholders after Hurricane Irma, state-run Citizens Property Insurance Corp. is planning to create a self-service online portal in time for the 2018 hurricane season.
December 14, 2017
Catastrophe
Property
Risk Management
Florida
IoT To Define The Insurance of Things
The Internet of Things (IoT) is a new concept for most people. The term, and the industry, have gained relevance through wearables like FitBit, and IoTs presence in the home is slowly starting to become more mainstream (though the concept has been around for decades, especially in the industrial space).
December 13, 2017
Property
Risk Management
Technology
Why The Sedgwick-Cunningham Deal Is Good For Adjusters
Sedgwick Claims Management Services Inc., a global provider of technology-enabled risk and benefits solutions, announced on Wednesday it has signed an agreement to acquire Cunningham Lindsey, a global loss adjusting, claims management and risk solutions firm.
December 7, 2017
Catastrophe
Liability
Property
Risk Management
Top 3 Issues For Adjusters
Monica Kuzyk, president of the Canadian Independent Adjusters Association (CIAA), talked to Canadian Underwriter Monday about the most significant issues facing Canadian insurance adjusters going into 2018.
December 7, 2017
Education & Training
Risk Management
Implementing Cybersecurity Legislation: An Overview Of The NYDFS And NAIC Model Laws
The increasing pace of cyber-related events and crimes has led state regulators to survey the growing risks and take action. In New York, the Department of Financial Services (NYDFS) enacted cybersecurity rules effective March 1, 2017.
December 5, 2017
Legislation & Regulation
Risk Management
New York
Insurers With Stockholders Pay Out Less To Florida Drivers
As car damage from 2017 storms in Florida and Texas threatens to set records, does it matter if your insurance company has to please stockholders and not just policyholders?
December 1, 2017
Auto
Risk Management
Florida
The Impact Of Exponential Technology Disruption On Insurance
We live in a time of rapid technological change, and industries of all kinds are being disrupted across the globe. The exponential growth of new technologies has enormous potential to transform the way we do business and its having a major impact on the insurance industry.
November 30, 2017
Auto
Life & Health
Property
Risk Management
Technology
Insurers Battle Against Companies Born Digital
Chat windows, faster policy statements, intuitive agent portals and robotic technologies are among the new generation of weapons insurers intend to use to compete with “born-digital” companies.
November 29, 2017
Life & Health
Risk Management
Technology
How To Develop Talent In A Claims Organization
The plaintiffs bar is relentless, and its growing crop of young lawyers continues to bring down large verdicts. Its imperative that claims organizations develop and retain top talent to match the very capable lawyers on the other side.
November 22, 2017
Education & Training
Risk Management
Uber Sued For Negligence After Disclosing Massive Data Breach
Uber Technologies Inc. was sued for negligence hours after it disclosed that customers and drivers personal data was hacked over a year ago.
November 22, 2017
Liability
Litigation
Risk Management
California
California Official: Wildfire Victims Have Two Years To Collect Insurance Money
The California insurance commissioner says that people who lost their homes in last months Northern California wildfires have up to 24 months to collect insurance payments.
November 21, 2017
Property
Risk Management
California
AI, Machine Learning Offer Great Opportunities And Major Risks For Insurers
The promise of artificial intelligence in the insurance industry is threefold: To help insurers get deeper insights into their business and make better decisions. To automate insurer processes and decision-making for increased efficiency and reduced cost.
November 20, 2017
Risk Management
Technology
P&C Job Losses Of 30-40% Within 10 Years: RSA Canada CEO
Technological automation is going to significantly change the composition of Canadas property and casualty insurance industry, reducing the workforce by up to 30% to 40% between the next five to 10 years, predicts RSA Canada president and CEO Martin Thompson.
November 16, 2017
Risk Management
Technology



