Catastrophe modeling, advances in mitigation as well as building design changes are just a few of the areas impacted by Hurricane Katrina nearly 10 years ago, according to Rick Miller, U.S. property practice leader at Aon Risk Solutions. Miller spoke …
A landmark purchase was announced this week when ACE Limited released news that it planned to acquire Chubb for $28.3 billion. Once the transaction is completed the combined companies will operate under the Chubb name. The purchase will provide ACE …
On July 10, the Federal Communications Commission (FCC) issued a Declaratory Ruling revising the Telephone Consumer Protection Act (TCPA) that became effective immediately. The ruling included the definition of automated dialer and a one call “safe harbor” rule for reassigned …
Coverage, liability and damages analyses are the three common themes of Florida third party bad faith cases, according to two southeast Cozen O’Connor attorneys. The attorneys presented on the subject during a two-part webinar offering claims handling tips in the …
Improved customer service may be just one benefit insurers could see by using Google Glass in their operations. Michael Clifton, vice president of Insurance for Cognizant, described some of the benefits in the company’s white paper last year, Google Glass: …
Addressing resiliency and understanding the types of disasters that can impact businesses are key factors to weathering disasters, according to a bulletin issued by Sedgwick earlier this year. Forecasting major industry trends that employers should watch in 2015, the bulletin …
Much of the talk surrounding autonomous cars these days is centered on testing and regulations and not on what the car of the future might look like. A 2012 Institute of Electrical and Electronics Engineers (IEEE) press release predicted autonomous …
Replacement costs increased by more than five percent between April 2014 and 2015, said Greg Pyne, assistant vice president of Pricing Data Services at Xactware, a Verisk Insurance Solutions company. Pyne outlined the factors that influence reconstruction costs during a …
Minnesota has added new powers to lodge civil actions against insurance fraudsters and kick swindlers out of the insurance system, the Coalition Against Insurance Fraud announced. The strong anti-fraud measures became law when Gov. Mark Dayton signed a larger omnibus …
New data derived from technology innovation is just one of the many reasons insurers are considering the daunting task of implementing new claims systems. A number of recent industry reports indicate that insurance IT spending is expected to increase. Late …