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By embracing AI technologies, insurers have the power to offer faster, more proficient and accurate processes.
In this case, the duty to defend depended on the condo board's knowledge of occurrences in the underlying suit.
Workers' comp is the most highly regulated insurance industry, which can hamper change. Can technology buck that trend?
A crane operator had a side hustle for years before he was injured. However, the COVID-19 pandemic drove away both clients and profits from the gig in the months leading up to a debilitating injury.
Review the difference between fast and slow high-cost claims and how the pace at which a claim unrolls impacts loss costs.
Insurers that fail to cook up the right recipe for applying data and analytics to their business will find themselves playing catchup.
The company's office manager is also accused of multiple felonies for her role in the scheme.
The adjuster is alleged to have made more than 1,200 bogus payments to 326 co-conspirators. More arrests are expected.
AI is drastically improving insurance claims processes, particularly for minor damages, and improving the customer experience.
The 70-year-old woman was ordered to pay $155,870 in restitution to Travelers Insurance.
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