Claims Processing

What's Behind State Farm's Pivot to Auto-Tech?
Regulatory & Compliance What's Behind State Farm's Pivot to Auto-Tech?

The investment decisions of an insurance giant like State Farm can serve as a powerful barometer for the technological storms brewing on the horizon, and a recent analysis of its venture capital arm reveals a profound and calculated shift in strategy. An examination of the investment activities of

Make Loss Reserve Reporting a Strategic Advantage
Digital Insurance Make Loss Reserve Reporting a Strategic Advantage

For too long, the immense potential hidden within loss reserving data has remained locked away, accessible only through the narrow keyhole of regulatory filings. Insurers meticulously collect and analyze vast quantities of claims information, yet this detailed intelligence is often diluted into

AI Transforms Insurance From Payouts to Prevention
AI & Automation AI Transforms Insurance From Payouts to Prevention

The historically conservative insurance industry, long defined by its reliance on historical data and static actuarial tables, is in the midst of a profound and accelerating transformation. Driven by the integration of artificial intelligence and predictive software, the sector is pivoting from a

Zurich Fire Spotlights Holiday Insurance Risks
Data Analytics Zurich Fire Spotlights Holiday Insurance Risks

A Christmas Day fire that tore through a Zurich apartment building near Stauffacher served as a devastating reminder of the heightened risks associated with the holiday season, sending four people to the hospital and rendering several residential units completely uninhabitable. The incident, which

Is Costco's Car Insurance Worth the Membership?
Digital Insurance Is Costco's Car Insurance Worth the Membership?

With American drivers facing auto insurance premiums projected to surpass an average of $2,600 annually, many are exploring unconventional avenues for savings, and the familiar aisles of a wholesale club have emerged as an unlikely contender. Costco, a brand synonymous with bulk savings, extends

Georgia Lawmakers Tackle Escalating Insurance Crisis
Regulatory & Compliance Georgia Lawmakers Tackle Escalating Insurance Crisis

A mounting crisis is unfolding across Georgia as consumers find themselves caught between soaring insurance premiums and a perceived unwillingness from carriers to pay legitimate claims, creating a volatile environment that has captured the full attention of the state legislature. This growing

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