After media outlets reported that Jamie Lynn Spears’ 8-year-old daughter was injured while driving an all -terrain vehicle (ATV), many experts warn that children under 16 years of age shouldn’t be allowed to operate adult ATVs. Spears’ daughter, Maddie, was …
Declining cost barriers, the availability of cloud storage and telematics will likely increase predictive analytic adoption rates, according to Dan Donovan, assistant vice president of Claims Solutions at Verisk Insurance Solutions. Though predictive modeling has been used for some time …
The Trump presidential victory, along with several gubernatorial elections, could significantly impact workers’ compensation, according to hosts of Safety National’s Out Front Ideas, Mark Walls and Kimberly George. The two workers’ comp industry experts continued their monthly webinar series, kicking …
According to a Fitch Ratings report issued last year, the directors & officers (D&O) market “has great notoriety relative to its size.” Representing a small segment of the property/casualty market, D&O coverage equals about one percent of total industry direct …
Insurers and consumers can benefit in multiple ways as more smart appliances and devices move into homes, according to Joe Wodark, director of product development for Verisk Insurance Solutions. First notice of loss, settlement and subrogation are all claims processes …
With the aim of producing more accurate loss information as well as pinpointing emerging areas of exposure, models are being used to try and control the multi-billion dollar losses caused by hail. During a podcast interview with Claims Journal, Dr. …
To remain competitive in the marketplace, all workers’ compensation carriers will need to adopt some form of analytics, according to Rob Lewis, president of ISO Claims Partners. Lewis outlined the benefits of using predictive analytics in all stages of a …
Supply chains are subjected to a wide range of potential disruptions and risks every year, according to Aaron Michel, senior engineer with AIR Worldwide. He discussed the risks expected to affect supply chains this year during a podcast with Claims …
Recently, Lemonade reported a claim handling world record. The insurer reported a claim settlement speed record – 3 seconds and no paperwork. According to the insurer, a policyholder submitted a theft claim for a $979 Canada Goose Langford Parka on …
Hackers are expected to take advantage of vulnerabilities associated with cloud technology and the Internet of Things, according to McAfee Labs 2017 Threat Predictions report, released late last year. Other predictions, including a major advancement in threat intelligence sharing, hacktivists …