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It's no secret that fraudulent claims are an ongoing issue within the insurance industry. The FBI estimates the total cost of insurance fraud (non-health insurance) to be $40 billion per year. For ...
The pressure was on. Someone, somewhere, was attacking computer systems so customers couldn't reach certain websites. In a windowless room in Denver, Zack Privette had worked all morning with his ...
Risk models are an increasingly critical component to the modern insurance carrier. They are relied upon for all phases of insurance, from marketing and sales to pricing, claims, and operations. ...
According to a report from the FTC, over 46,000 people lost over $1 billion in cryptocurrency from scams since the start of 2021. The losses in 2021 ($680 million) were nearly six times what they ...
Platforms are having a moment. Should insurance companies care? Increasingly more firms from different industries say that they offer platforms. The technology firms your insurance carrier or agency ...
Midway through a recent interview, the leader of a key business at The Hartford paused to ask a question relevant to executives at carriers that don't have 11-digit premium volumes or capital levels ...
When thinking about advancements in technology and data-driven insights, insurers are often confused about AI and BI—what they are, and how to even know if they are valuable to their business. We ...
June 1 marked the beginning of the Atlantic hurricane season — one that is expected to be above average in terms of named storms and hurricanes. Carrier Management's sister publication, Insurance ...
Why do residential property claims drag on for months, leaving homeowners waiting for needed repairs? One reason: contractors don't have incentives to move repairs forward quickly. And often, ...
Insurance leaders made efforts during the past two years to leverage technology and service clients while minimizing interruptions and friction in customer experience. They made sure new clients ...
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