Commercial Auto Insurance Trends: The Stats on Rising Rates & Emerging Risks
According to Risk & Insurance, on-the-road risks "are becoming more challenging to manage," especially for auto fleets. Let's take a closer look at what's brewing for rates and risks in commercial auto insurance.
- Medical costs have been charting an upward path for…
The Property Insurance Protection Gap: Reasons and Response
Population is on the rise. So are property values and severe catastrophes. As a result? The insurance protection gap is growing too. Here are the details …
Can Robots be Held Liable?
Question: when a robot hurts someone, who answers for it? Surely not the robot itself. While it's entertaining to imagine a bot getting cross-examined in court, the disincentives of the justice system probably wouldn’t motivate a bad bot to do good.
Jokes aside, the question of…
Using Drones for Accident-Scene Investigations
When cars crash, they get in the way of everyone else on the road. A long line of automobiles trails out behind the scene, its drivers waiting patiently for the flow to resume. Cleanup is, of course, what they're waiting on. Traffic can't pick up again until the way is clear. But…
Innovation Roundup: Beyond Planes, Trains and Automobiles
Anything but boring: Electric underground shuttles in LA
Elon Musk has an infrastructure firm called the Boring Company – and it's about to bore some tunnels under Los Angeles. In the works is a mass transit system which would propel electric shuttles from LA to LAX in eight…
Are Home-Based IoT Cyber Exposures Part of Your Insurance Strategy?
There’s a new and broadening entry point for cyberattacks, and its name is IoT. Connected devices bring a plethora of exposures that will need to be insured one way or another – the question is, how? And it’s a question that demands an answer.
When a Minecraft botnet took…
Which Device Will Become the Next Smartphone?
According to BI Intelligence research analyst Laurie Beaver, the smartphone is unique among devices ... for now. But it may not stay that way. Based on the research that Beaver presented in his recent slide deck, “The Next Smartphone,” let's take a look at what the future might…
Five Insurance Industry Developments
Do you recall when insurance was slow to change? Those days are gone. Here are five industry developments to watch.
1. Amazon poised to disrupt financial services
Bain & Co. found that more than half of U.S. respondents "are willing to buy financial services from established tech…
Building Codes Relax Despite Hurricane-Related Insurance Losses
In an earlier post, we took a square look at this year's hurricane season (which is slated to be as bad as last year's, if not worse). We also looked at why severe weather events are becoming more common these days, and what that means for insurers, broadly speaking.
It’s Official. Silvervine 6.0 Has Arrived.
Have you heard? In 2017, Silvervine quietly rolled out and tested the most innovative version of it policy administration system yet: Silvervine 6.0.
This mid-market solution takes everything that customers loved about 4.0 to the next level. The first thing you’ll notice is the…
2018 Hurricane Season Predictions: 5 Insurance Takeaways
Hurricane season is going to be a doozy – just like last year, experts say. According to scientist David Dilley at Global Weather Oscillations, the hurricanes we see this season will be "somewhat of a repeat" of last year. In case one is inclined to forget, the Atlantic storms of…
Can Smartphones Prevent Auto Insurance Claims?
Distracted driving is a major cause of auto collisions – something the National Safety Council has been talking about for quite a while. Despite the publicity, the problem isn't going away. It's getting worse.
Recently, Zendrive published a study – titled simply "The Largest…