Allstate announced Tuesday it had provided automated hail estimating to victims of a recent Colorado hailstorm, the first of the nations Big 4 insurers to offer the new technology on the ground.
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 didnt brake to avoid the collision.
Fleets of commercial drones are primed to hover over the destruction from Tropical Storm Harvey in an unprecedented test of unmanned aircrafts ability to assess billions of dollars in damage for the insurance industry and accelerate payouts for harried policyholders.
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.
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.
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.
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.
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 giants Identity Security and Protection team.
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.
Channeling Apples iconic marketing slogan in a headline (some would argue a more grammatically correct version) necessarily means turning to the companys 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.”
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.
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.
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.
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.