When it comes to innovation and utilization of emerging technologies in the insurance industry, reinsurance companies once led the way as early adopters of technology. But recently, the primary insurance sector has embraced all things insurtech, digital transformation and even …
Like many people, entrepreneur and former Israeli tech journalist turned insurtech founder Liri Halperin never expected she would end up in the insurance business. But an insurance buying experience almost four years ago made her realize an insurtech opportunity that …
What grade do you give your agency’s 2019 hiring? If you think there’s room for improvement, my advice is not to expect that using the same old tricks. 2020 ushers in a great opportunity to test new, creative and edgy …
Internet-of-Things (IoT) enabled technologies such as water leak and fire/heat detecting sensors are also useful and an area that has yet to reach its full potential, according Jack Volinski, senior vice president at Hartford Steam Boiler’s HSB Connected Technologies, responsible …
Louisiana’s high court has nixed the idea that an unconfirmed or unverified drug test can be used to prove intoxication or fraud in order to deny the workers’ compensation claim of an injured worker. In doing so, the Louisiana Supreme …
The motto “Covenant Cares” is not just on the letterhead at Covenant Insurance Group Inc., but it’s a way of operating that is truly caring, according to one employee at the York, Pa.-headquartered independent insurance agency. The agency, which specializes …
A rate reduction has been approved for the Louisiana-based auto insurance provider, GoAuto, the Louisiana Department of Insurance reported. The 3.6% rate reduction for GoAuto Insurance Co. impacts 74,000 Louisiana drivers. The newly approved rates were effective Oct. 7 for …
Approximately 25% of spending in the U.S. health care system can be characterized as waste. That’s between $760 billion and $935 billion annually. A study published in the Journal of the American Medical Association (JAMA) by researchers from health insurance …
Texas surplus lines premium reported through the first three quarters of 2019 reached $5.35 billion, a 16.15% increase over the same period in 2018, according to the Surplus Line Stamping Office of Texas (SLTX). Additionally, each month’s recorded premium has …
Among carriers, the silo model in which departments operate independently and do not easily collaborate on common goals is well-documented. Among agents, however, no matter the size, silos can create problems and unintended consequences. “I’m not big on silos, except …
