Berkshire Hathaway GUARD Insurance Companies Announces Partnership with Auto-Out Automatic Stovetop Fire Suppressors WILKES-BARRE, PA—Kitchen fires are a common occurrence fueled by the combination of everyday distractions, hot kitchen stove burners, and the grease laden environment of the kitchen. According to the National Fire Protection Association, a home fire occurs every 88 seconds and cooking […]
ELANY Immediate Past Chairwoman Janet Pane has been named to Insurance Business America’s 2019 Elite Women list. Janet is Managing Director and Head of Global Services & Solutions for Willis Towers Watson. ELANY has benefitted from Janet’s extraordinary vision and energy since she joined its Board of Directors in 2009. Under Janet’s leadership, ELANY instituted […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor Every day more than 130 people in the United States die from drug overdoses (www.drugabuse.gov). The opioid abuse problem is not limited to the abuser and their family. Opioid abuse impacts all of us, with estimated costs to the United States […]
By Joe Chvasta, JD, CPCU Recently, I had the opportunity to compare claims scenarios of an excess of loss proposal with a quota share proposal for the liability coverage of our captive risk association. The results surprised me. Excess of loss is a form of non-proportional reinsurance in which the reinsurer indemnifies the ceding company […]
NAIC President Sets Agenda As the NAIC meeting opened in early August, Commissioner Eric Cioppa of Maine keynoted the important regulatory gathering. Here are his remarks. Kurt Vonnegut labeled New York City “Skyscaper National Park” in his novel Slapstick. New York is known for its many unique and beautiful tall buildings. It is also home […]
Summary Judgment Entered for Insured finding Insurer’s Conduct Tortious Bad Faith It is almost impossible to obtain a summary judgment finding an insurer acted in bad faith allowing an insured to recover tort damages. However, it is not impossible, and the facts stated by the court in Shawnee Tabernacle Church And Az Learning Day Care v. […]
On August 2, 2019, Honorable Eileen A. Rakower of the Supreme Court of the State of New York, New York County, resolved certain remaining causes of action concerning the title insurance industry’s challenge to the Department of Financial Services’ (“DFS”) Insurance Regulation 208 which affected marketing and advertising practices and certain premium rate cuts. By […]
By Marilyn M. Singleton, M.D., J.D. For the next one and a half years we will have to endure the hyperbole, apocalyptic predictions, fake outrage, half-truths, and frank lies of politicians. Some kind soul should take pity on us and pass out beans to put in our ears. Of course, we should expose ourselves to […]
The Complete Guide to AI in Insurance Fraud Detection
By Kumar Patel, Founder and CEO of Omnidya.
The insurance industry is rapidly evolving. Emerging technologies are breathing new life into daily operations; and artificial intelligence (AI) has the singular potential to pervade every facet of insurance processes with advanced analytics, powerful predictions, and more robust risk management strategies.
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