New research examined the way a consortium-based blockchain approach using distributed ledger technology (D.L.T.) applications could save the insurance industry millions every year.

The U.S. National Highway Traffic Safety Administration plans to test how drivers could use cameras to replace traditional rearview mirrors in automobiles, a technology already allowed in other countries, the agency said on Tuesday.

When it comes to the most dangerous form of aggressive driving, speed stands above the rest as most likely to cause a crash.

Liberty Mutual has partnered with Duck Creek Technologies to develop a next-generation workers’ compensation claims-management system, the insurer has announced.

There’s one automotive technology that has industry experts excited because it’s playing an increasingly key role in reducing crashes and increasing driver safety: autonomous emergency braking (AEB). But it will take some time before significant results are seen.

Stress about their financial wellbeing is a feeling that many consumers around the world are very familiar with today. According to Aon’s Global Financial Wellbeing Study, people are frequently dealing with various forms of debt, at the same time as they lack sufficient assets for retirement and face unexpected risks that could result in a major financial setback.

Ransomware is a piece of red-hot cyber jargon. Perhaps you heard about it when doing your office cybersecurity training, or maybe you read about it in the news.

The phrase “gradually, then suddenly” comes from Ernest Hemingway’s 1926 novel “The Sun Also Rises,” when Mike Campbell is asked how he went bankrupt. “Two ways,” he answers. “Gradually, then suddenly.”

Brokers looking to give their customers any positive news on rates potentially coming down shouldn’t get their hopes up.

State Farm — the largest property and casualty insurance provider in the US - has been compromised in a credential stuffing attack.

It’s important to consider the communication preferences of five different generations when building a better claims process. In any given year, approximately 5% to 7% of U.S. auto and homeowners will file an insurance claim.

For policy holders, the claims process can be incredibly frustrating — and it is easy to see why. Having your claim approved is one thing, but then actually getting the money owed often proves to be another monster task in and of itself.

Technology is a tool, like fire or gin. It can be used for good or for ill. Most workers on a construction site or in a warehouse are willing to wear a sensor if it will keep them from getting run over by a forklift or knocked off a ledge by a crane.

In most instances, when A.M. Best issues its Top 200 U.S Property/Casualty Writers results, there is some jockeying for position — up or down a position or two. However, the 2018 results issued in July 2019 revealed something that literally flew off the page.

The claims resolution world is changing. New technologies are being introduced every day, and with them come the possibility of job eliminations. But is all of this a threat or an opportunity? The answer depends on which lens you are looking through.