Sedgwick Acquires Nationwide Appraisals Sedgwick has acquired Nationwide Appraisals, a national auto damage appraiser based inElgin, Illinois. Sedgwick said the Nationwide Appraisals purchase brings a nationwide network of claims professionals that will “optimize the appraiser dispatch process.” Nationwide uses technology …
CoreLogic Inc. met with two of its investors for the first time Tuesday to discuss their $7 billion proposal to take the real estate data company private. Representatives from Cannae Holdings Inc. and Senator Investment Group discussed the $65-a-share proposal …
Analytics has been a hot topic for a few years now, and for good reason. More than half of analytics leaders reported a correlation between their organization’s analytics initiatives and seeing a “significant improvement” in their competitive standing. In the …
TrustLayer Teams with Building Partnerships TrustLayer, a San Francisco-based insurtech startup, announced that it has formed a partnership with Building Partnerships to distribute a technology that verifies certificates of insurance and other business documents. TrustLayer said the Builder Partnerships network …
Despite progress, carriers are still falling short in how they approach cyber insurance and also how they cover events when they happen. How can this be? The unique makeup of cyber risks continues to hold them back, according to experts …
The commercial auto line hasn’t returned an underwriting profit for eight years now. Growing claim severity is a big part of the problem. Advanced technology needs to be a part of the solution, according to a report released Tuesday by …
What began as an assignment to the research and development team at American Family Insurance Co. now stands alone as an independent company and today announced its first major customer. Arturo, a Chicago-based insurtech startup launched by American Family three …
As insurers undertake digital transformation programs, many rightfully turn to the claims function. Claims is a very good candidate for such initiatives because of its importance to the relationship between customers and their insurers. Claimants and insurers both want speedy …
A recently released LexisNexis Risk Solutions’ study found that carriers that incorporate real time data analytics into the claims process at first notice of loss can more accurately and consistently triage claims, identify potentially fraudulent files and capitalize on subrogation …
Xchanging, a technology services provider, has released a new survey, “The 2014 Insurance Technology and Spending Trends Report.” The survey, conducted at the Acord Loma Forum in May 2014 encompasses responses from 75 insurance industry practitioners. The majority of survey …