Attorney Involvement Keeps Claims Soaring By Mubbin Rabbani For workers’ comp claims with attorney involvement, average indemnity costs are $77,807, 390% higher than for unrepresented claims.
How to Tackle Litigation Costs By Mubbin Rabbani Social inflation, fueled by third -party litigation funding, added more than $20 billion to commercial auto claims in the 2010s.
featured IoT Can Turn the Tide on Flood Risk By Jonathan Jackson With flood threats increasing, insurers are shifting away from simply restoration and recovery to prevention and mitigation pre-event.
AI and the Future of Insurance By Siddhartha Jha With scrupulous implementation and judicious oversight, AI can supercharge the industry and provide better services to customers.
AI: The Future of Group Insurance By Michael de Waal 74% of insurance executives plan to increase investments in AI. Insurers that seize this opportunity early will have a critical advantage.
Emerging Risks for Shipping Industry By Rahul Khanna Shipping losses are the lowest in 12 years, thanks to safety programs, training, new ship design and regulation. That's the good news.
Mitigating Chronic Pain in Workers’ Comp By Annu Navani Five key practices for a patient-centered approach are most effective in mitigating potential chronic pain issues in workers’ compensation.
Commercial Insurance’s Digital Revolution By Patrick Foy In commercial insurance, customers and providers can look forward to an improved experience as the market shifts toward online channels.
The Promise of Continuous Underwriting By Bill Deemer Bobby Touran Typically, a risk is underwritten, bound... and forgotten. But new streams of data and automation allow for continuous underwriting.
Convergence and the Insurance Ecosystem By Stephen Applebaum Alan Demers Companies must anticipate the future, innovate beyond their core and transform their capabilities as rapidly as technology allows.
Lemonade's 'Synthetic Agent' Nonsense By Matteo Carbone Desperate for growth, Lemonade produces another howler: A lender receiving a 16% interest rate is presented as a (synthetic) agent.
Auto Insurance in an Existential Crisis By Stephen Applebaum Alan Demers The 125-year-old, $300 billion U.S. auto insurance industry is caught between runaway inflation and strained consumer wallets.