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Auto Claims Satisfaction Scores Are Up Despite Longer Repairs

Auto Claims Satisfaction Scores Are Up Despite Longer Repairs

An auto parts shortage combined with longer cycle times for repairs has contributed to repairs taking an average of about 23 days in 2023, up an average of a little more than 6 days from 2022.
October 26, 2023 Auto Insurance Industry Technology

Study Highlights the Evolution of Workers’ Comp

Study Highlights the Evolution of Workers’ Comp

How has the workers’ compensation industry evolved over the past decade? The Rising Medical Workers’ Compensation Benchmarking Study answers this question.
October 26, 2023 Education & Training Technology Workers' Compensation

Commercial Auto Telematics Hitting a ’Tipping Point’

Commercial Auto Telematics Hitting a ’Tipping Point’

Telematics is revolutionizing the management of commercial fleets, driving enhanced safety, efficiency, and regulatory compliance among North American firms.
October 25, 2023 Auto Risk Management Technology

Harnessing AI for Climate Solutions: MIT Professor Explores the Potential and Challenges

Harnessing AI for Climate Solutions: MIT Professor Explores the Potential and Challenges

MIT professor, Priya Donti, elucidates the significant role of AI in addressing climate change, while also acknowledging the associated challenges.
October 25, 2023 Education & Training Technology

Predict & Prevent: From Data to Practical Insight

Predict & Prevent: From Data to Practical Insight

The insurance industry’s shift from assessing and pricing risks to predicting and preventing losses – thereby improving insurance availability and affordability – is well underway.
October 25, 2023 Insurance Industry Risk Management Technology

Industry Gap: Deploying Tools for Climate Risk Management

Industry Gap: Deploying Tools for Climate Risk Management

Reinsurance News recently spoke to Joss Matthewman, Senior Director, Product Management & Strategy, RMS, about what he believes the re/insurance industry needs to do to try and combat the effects of climate change.
October 24, 2023 Catastrophe Insurance Industry Risk Management Technology

AI and the Future of Jury Trials

AI and the Future of Jury Trials

We have seen many changes to the traditional jury trial over the past few years due to COVID-19, but the realm of civil litigation is poised for yet another transformative journey.
October 23, 2023 Education & Training Litigation Technology

HoneyQuote Partners with First Connect to Give Agents Access to the Florida Insurance Market

HoneyQuote Partners with First Connect to Give Agents Access to the Florida Insurance Market

HoneyQuote, a digital insurance marketplace, has partnered with First Connect Insurance Services to grant thousands of independent agents nationwide the ability to seamlessly write policies in Florida.
October 23, 2023 Insurance Industry Property Technology Underwriting Florida

Space Insurers Brace For Claims After Propulsion Trouble on Four GEO Satellites

Space Insurers Brace For Claims After Propulsion Trouble on Four GEO Satellites

Propulsion problems on four satellites using the same kind of power modules are expected to result in at least $50 million in claims for insurers already facing more than $800 million in losses this year.
October 13, 2023 Insurance Industry Risk Management Technology

The Promise of Continuous Underwriting

The Promise of Continuous Underwriting

Typically, a risk is underwritten, bound... and forgotten. But new streams of data and automation allow for continuous underwriting.
October 12, 2023 Technology Underwriting

’Post-Quantum’ Agility Is Critical

’Post-Quantum’ Agility Is Critical

As the world becomes increasingly reliant on connected technology, the threat of cyberattacks and data breaches continues to grow.
October 11, 2023 Risk Management Technology

‘Predict & Prevent’ Can Rescue Insurance

‘Predict & Prevent’ Can Rescue Insurance

Soaring combined ratios demonstrate P&C insurance is due for fundamental, structural reform. Innovative solutions are available.
October 10, 2023 Insurance Industry Risk Management Technology

Truist in Talks to Sell Insurance Business for $10 Billion

Truist in Talks to Sell Insurance Business for $10 Billion

Truist Financial is in talks to sell its insurance brokerage unit to private equity firm Stone Point for about $10 billion, news website Semafor reported on Monday, citing people familiar with the matter.
October 10, 2023 Insurance Industry Technology

Using an Accident Reconstructionist for Rapid Response in Claims Investigations

Using an Accident Reconstructionist for Rapid Response in Claims Investigations

Often, when a commercial motor vehicle driver reports an accident, the details of the collision are murky, and the severity of the accident is understated.
October 10, 2023 Auto Education & Training Technology

Generative AI: The Good, the Bad, and the Ugly

Generative AI: The Good, the Bad, and the Ugly

Prompt: Write me a one-to-two paragraph magazine article introduction about artificial intelligence being a mind extension tool, as defined by Clark and Chalmers’ extended mind theory.
October 9, 2023 Insurance Industry Technology
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