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Though predictive modeling has long been considered a natural fit for claims fraud detection, results have been mixed. To better utilize this powerful tool, insurers must examine past flops and build a stronger defense.
Agents selling homeowners insurance must exercise careful risk management and pay close attention to detail to avoid acts that result in errors and omissions allegations against them. Following is a collection of tips to avoid E&O claims across various facets of agency operations.
The Mississippi insurance commissioner is going it alone in filing a lawsuit aimed at delaying the onset of flood insurance rate hikes after the state attorney general declined to represent him.
News from Zurich, Markel, Higginbotham & Assocs and Capital Benefits Group, Ryan Specialty Group and S.H. Smith, Dawson Cos., Cross Insurance and Big "I."
Though it was signed into law more than year ago, the insurance industry has yet to enjoy the full benefits of reform to Floridas no-fault, personal injury protection auto insurance system.
Though it was signed into law more than year ago, the insurance industry has yet to enjoy the full benefits of reform to Floridas no-fault, personal injury protection auto insurance system.
Insurers have generally cut IT budgets over the past five years, due mostly to the economic downturn, but a comparatively brighter outlook now should spur growth in IT investments over the next five years with a particular focus on expanding digital channels.
Insurers have generally cut IT budgets over the past five years, due mostly to the economic downturn, but a comparatively brighter outlook now should spur growth in IT investments over the next five years with a particular focus on expanding digital channels.
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