News

Insurers are set to pay 300-500 million pounds (about US$480-800 million) to cover UK claims related to damage caused by the St Jude's Day storm, Willis Re estimates, keeping profits intact despite the human cost.

The trades praise the insurance industry, outline lessons learned and provide resources for consumers.

A new white paper from Crawford & Company examines total losses from Sandy, along with major claims-handling and regulatory changes the storm brought about.

Insurers recognize the importance of digital technologies, and as a result have high ambitions in this area, but those ambitions may not be grounded in reality as insurers report having low levels of digital maturity and struggle to overcome self-imposed obstacles, says a recent survey.

Insurers recognize the importance of digital technologies, and as a result have high ambitions in this area, but those ambitions may not be grounded in reality as insurers report having low levels of digital maturity and struggle to overcome self-imposed obstacles, says a recent survey.

Imagine learning your agent has not only piggybacked on your policy but has also recently filed a collision claim. That's exactly what happened to one unassuming Calif. policyholder.