Wearable devices (those worn by consumers as accessories or implants), have been of interest to more than a handful of industries in recent years. The opportunities and possible uses so far seem positive and limitless.

Artificial intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson. “It’s going to rip through this economy like a tsunami,” Wilson said Thursday in an interview on Bloomberg TV from Aspen, Colorado.

In 2015, there were more than 6.3 million car accidents reported that involved property damage with insurance fraud accounting for 10 percent of property/casualty claims processed. While not every accident resulted in an insurance claim, those that did required extensive effort to be verified manually.

A Tesla Inc Model S involved in a May 8 fatal high-speed crash in Florida reignited twice after firefighters extinguished a fire in the electric vehicle, the National Transportation Safety Board (NTSB) said in a preliminary report on Tuesday.

From bogus claims to shady brokers, insurance fraud costs companies and their customers more than $40 billion a year, the FBI estimates. And that’s excluding medical insurance fraud, which is estimated by industry groups to cost tens of billions more.

There are a number potential operational and economic benefits that blockchain technology could provide to the insurance industry, according to a new report from Boston Consulting Group.

Across the insurance industry, claims organizations have made significant progress in modernizing their core processing systems in the last several years.

Insurance is a multitrillion-dollar industry, but the workflow in brokering trust, insuring parties and reinsuring risk items today remains an expensive, slow and fraud-prone process.

Fourseventy Claims, a leading independent adjustment firm and third-party administrator, today announced a new collaboration with Spex Technologies, a premier insurtech platform provider that delivers better claims processing, property inspections and reporting.

The insurance industry has been adopting technology at an inspiring rate: Artificial intelligence, machine learning and blockchain enable simpler and faster quotes, more intelligent claims and a friendlier customer experience.

Prevention. In the insurance world, taking preventative measures against exposures is key to the business, but some threats are just not preventable — one of them being cyber.

Warren Buffett’s caution about underwriting cyber-insurance put the spotlight on one of the big challenges facing carriers today — how to address a slew of new insurance risks.

INFORM, a global provider of fraud management and claims process optimization technology and the National Insurance Crime Bureau (NICB), the nation’s premier not-for-profit organization dedicated exclusively to fighting insurance fraud and crime, today announced a new technology partnership.

Barely have autonomous vehicles taken off on the ground, and Uber is already sending them to the sky. Los Angeles, Dallas-Fort Worth, Paris, and Dubai are a few of the cities where the company has plans to introduce aerial vehicles by 2020.

Telematics, which records data on vehicle behavior, is used now mainly for underwriting, but the technology can also provide a treasure trove of information for claims adjusters, one vendor suggests.