Big Insurers Using New Hail Damage-Estimating Technology

Allstate announced Tuesday it had provided automated hail estimating to victims of a recent Colorado hailstorm, the first of the nation’s Big 4 insurers to offer the new technology on the ground.
September 14, 2017 Auto Risk Management Technology Colorado South Carolina

Federal Probe Finds Tesla’s Autopilot Contributed To Fatal Crash

Joshua Brown was killed in May 2016 when his Tesla crashed into a tractor-trailer in Florida while the self-driving software was active. Brown had not tried to control the car in two minutes, and the Autopilot didn’t brake to avoid the collision.
September 14, 2017 Auto Liability Technology Florida

Equifax: 143M US Consumers Affected By Criminal Cybersecurity Breach

Credit reporting company Equifax (EFX) announced Thursday a cybersecurity data breach that could have impacted about 143 million U.S. consumers.
September 8, 2017 Liability Risk Management Technology

Commercial Drones: Harvey A Seminal Moment For The Insurance Industry

Fleets of commercial drones are primed to hover over the destruction from Tropical Storm Harvey in an unprecedented test of unmanned aircraft’s ability to assess billions of dollars in damage for the insurance industry and accelerate payouts for harried policyholders.
August 30, 2017 Auto Catastrophe Property Risk Management Technology Texas

How Insurers Need To Change As Cyber Threat Evolves

Technology and digitalization are now major players in global business and operating models. As companies increase their technological footprint and expand their digital strategy, they become increasingly vulnerable to cyber-related risk and potential data breaches.
August 24, 2017 Risk Management Technology

The Future Of Telematics In Auto Claims

As advanced driver-assistance systems become more and more prevalent in vehicles, one looming fear is inescapable for the collision repair industry: Autonomous vehicles could very well eliminate crashes.
August 23, 2017 Auto Technology

Automated Car Safety Systems Get High Marks, With Asterisk

Safety systems to prevent cars from drifting into another lane or that warn drivers of vehicles in their blind spots are beginning to live up to their potential to significantly reduce crashes, according to two studies released Wednesday.
August 23, 2017 Auto Technology

Man And Machine, Teaching Each Other

The rise of artificial intelligence is gaining momentum, and, coupled with data collection on an unprecedented scale, it heralds a new age of insights for industries like insurance.
August 21, 2017 Risk Management Technology

Cyber-Attacks On Cloud Services “Accelerating”

Microsoft has revealed that the frequency and sophistication of attacks on it users’ cloud-based accounts are “accelerating.” There has been a 300% increase in user accounts attacked over the past year, according to the tech giant’s Identity Security and Protection team.
August 21, 2017 Technology

Proposed Model Law Could Beef Up U.S. Insurers’ Cyber Risk Management

New cyber-related obligations being proposed south of the border, if approved, could promote more rigorous cyber risk management practices in the U.S. insurance market, Fitch Ratings suggests.
August 18, 2017 Excess & Surplus Lines Risk Management Technology

Think Differently: How Claims Departments Are Becoming Innovation Breeding Grounds

Channeling Apple’s iconic marketing slogan in a headline (some would argue a more grammatically correct version) necessarily means turning to the company’s legendary leader Steve Jobs for one of his memorable quotes on innovation: “To turn really interesting ideas and fledgling technologies into a company that can continue to innovate for years, it requires a lot of discipline.”
August 10, 2017 Auto Fraud Property Risk Management Technology

Nationwide Will Pay $5.5M Over Security Breach

Nationwide might be back on your side. The insurance company has agreed to pay $5.5 million and take other steps to protect customers’ identity as part of a settlement with New Jersey and 31 other states, officials said Wednesday.
August 10, 2017 Risk Management Technology New Jersey

Your Insurance Adjuster May Soon Be A Drone Or An App

Your insurance agent may start looking a bit more … robotic in the months and years to come. As we continue to inhabit an increasingly digitized world, a growing number of our interactions will be not with our fellow humans, but with machines.
August 7, 2017 Auto Property Risk Management Technology

Meet Your New Star Eyewitness: Wearable Devices

Wearable devices come in all shapes and sizes with varying features. Valued at $11 billion, Fitbit is the leader of the wearable device revolution. Fitbit currently offers eight different fitness trackers, ranging in price from $60 to nearly $200. Largely known for counting the steps you take, wearables now have all kinds of abilities.
August 1, 2017 Auto Fraud Liability Litigation Property

Biometrics On The Rise As Insurers Look For Smoother Experience

Biometrics, or the measurement and analysis of unique physical or behavioral characteristics as a means of verifying personal identity, is being explored across financial services. The insurance industry is no exception, as carriers work to familiarize themselves with the latest emerging technology that encompasses everything from fingerprints to voice to facial structure.
August 1, 2017 Risk Management Technology
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