Examinations under oath help insurers combat fraud and should be allowed without requiring time-consuming court orders in Kentucky, the Coalition Against Insurance Fraud and National Insurance Crime Bureau say in a joint amicus brief filed today with the state’s highest court.

Insurers have become very active in insurance accelerators and startup investment over the past year, but must embrace failure in order to innovate, according to insurance tech analyst firm Novarica.

Big Data is changing the way the world does business, and this is nowhere more true than in the financial realm. According to Dax Craig, CEO of Valen Analytics, more than half of all property and casualty insurers are now using predictive analytics to determine pricing and simply to decide which risks are more or less attractive to insure.

Everything is going automatic — and those looking to perpetrate data breaches with malware are no different — emphasizing the need for individuals and organizations to be better prepared to keep the cyber door closed to potential threats.

Some view it as a source of jobs, energy, and foreign independence; others view it purely as a menace. Whichever side you are on, fracking is percolating through contemporary media and culture as its use explodes across the globe.

Nationwide Mutual Insurance Co. was ordered by a federal judge to pay over $8.1 million in damages. The order comes after a jury came to the conclusion last year that the insurer acted negligently and in bad faith in denying a claim for the death of an auto accident victim.

Outsmarting white-collar crime is a major goal for commercial lines’ carriers who want their customers to reduce risk, but with the right guidance and training, it may not be as difficult as it seems. The typical organization loses five percent of its annual revenue to fraud.

The Obama administration is opening U.S. skies to more commercial drones with long-awaited regulations that the government hopes will spawn new businesses inspecting bridges, monitoring crops and taking aerial photography.

As Judy Ruddy walks around her gutted home, she sees family photos and heirlooms tossed around and boxes piled high both in her driveway and in her living room. "I can’t even come in here and think clearly. It’s just been a nightmare," said Ruddy.

The slow transition to chip credit cards by U.S. retailers hasn’t gone unnoticed by criminals. Counterfeit-card fraud will rise to $4.5 billion in 2016, up 12.5 percent from last year, as crooks ramp up their thievery before all merchants and banks have moved to accept the more secure chip technology, said Julie Conroy, an analyst at financial-industry researcher Aite Group.

Sixty per cent of digital businesses will suffer major service failures by 2020 due to the inability of IT security teams to manage digital risk, according to a special report from Gartner, Inc., an information technology research and advisory company.

More often than not, a loss adjuster is one of the first people a claimant will meet following a highly traumatic and emotional experience. Whether that’s a house fire, flood, or where they’re being sued for personal injury, it’s the loss adjuster’s job to gather evidence, expert opinions and witness statements, before finally negotiating settlement of the insurance claim.

The head of FEMA’s National Flood Insurance Program has announced major reforms in the wake of accusations of fraud and delays in the insurance review process.

Insurance industry officials are concerned that a new Department of Labor rule relating to overtime will have negative consequences for employers. The rule, which was issued last Tuesday and will take effect in December, raises the salary threshold below which most salaried workers are entitled overtime to $913 per week, or $47,476 annually for full-time workers.

Since the first cars were sold, there have been crashes. And while the insurance claims industry has made enormous advances over the years, the fundamental process of handling a claim has been largely the same for decades ― at least during my time in this industry, which spans nearly 30 years, and includes research and work in claims and the application of “black box” information in the evaluation of liability and injury causation.