Data Analytics

Can NJ Curb Workers' Comp Costs by 2024?
Data Analytics Can NJ Curb Workers' Comp Costs by 2024?

As New Jersey navigates the complexities of its workers' compensation system, several pressing issues demand attention. With rapidly increasing medical costs, legislative shifts, and the integration of advanced treatment protocols, there is a pressing need for strategic measures to manage expenses

Virginia Faces Rising Flood Insurance Costs Amidst Increasing Risks
Data Analytics Virginia Faces Rising Flood Insurance Costs Amidst Increasing Risks

Joshua Carroll, a business owner in Big Stone Gap, Virginia, embodies both tragedy and resilience following the havoc wreaked by Hurricane Helene. His establishment stands as a testament to the severe damages brought forth by the storm, which caused immense financial and emotional strain. Yet,

Boosting Health Insurance for Nigerians in Economic Hardships
Data Analytics Boosting Health Insurance for Nigerians in Economic Hardships

Nigeria faces a significant challenge regarding health insurance enrollment, with only 20 million citizens, or 10% of the population, currently covered under health schemes. This alarming statistic was highlighted by Dr. Kelechi Ohiri, Director-General of the National Health Insurance Authority

Wildfire Insurance Dilemma Leaves Homeowners Vulnerable
Data Analytics Wildfire Insurance Dilemma Leaves Homeowners Vulnerable

In the current climate of heightened wildfire risks, an increasing number of homeowners in rural Oregon and Washington face significant challenges in obtaining fire insurance. This issue is starkly represented in the story of Ethelene Gardner of Klickitat County, whose experience highlights a

Can AI Revolutionize Fraud Detection in P&C Insurance?
Data Analytics Can AI Revolutionize Fraud Detection in P&C Insurance?

Property and Casualty (P&C) insurance companies are confronting a daunting challenge: the pervasive threat of fraud. This issue affects nearly 10% of claims, leading to an astronomical yearly loss that amounts to $122 billion. Such a significant burden necessitates an urgent focus on improving

AI Regulations Spur New Cyber Insurance Challenges and Solutions
Data Analytics AI Regulations Spur New Cyber Insurance Challenges and Solutions

The advent of artificial intelligence (AI) has significantly transformed industries, including the cyber insurance sector. However, new regulations governing the use of AI are creating fresh challenges and necessitating innovative solutions within the insurance domain. This article delves into the

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