As part of its effort to reduce its ballooning exposure level and trim the number of policyholders, Florida’s insurer of last resort will increase its property inspections by almost 70-fold over the next four years — with plans to spend …
The newest member of Farmers Insurance Group’s catastrophe response team is a four-legged robot that vaguely resembles a headless greyhound. Farmers announced that it purchased a remote-controlled robot dubbed “Spot” from Boston Dynamics and expects delivery this fall, after the …
Dorado, Puerto Rico, Feb. 13, 2018–Blue roofs are visible in the town of Villa Santa in the municipality of Dorado. FEMA/K.C. Wilsey While aerial imagery offers the broadest range of images with the highest refresh rates, it isn’t usually at …
Insurers are increasingly using drones to inspect property damage, according to Cory Shelton, head of UAV Technology at Geomni, a Verisk business. In a recent interview with Claims Journal, he explained the pros and cons of using drones for property …
A drone combined with analytics offers insurers a way to not only inspect and investigate claims but also process them. US DataWing Aerial Analytics incorporates data and images captured by a drone using a proprietary algorithm – a set of …
How the Initial Inspection Can Improve Claims Results and an Insurer’s Bottom Line The last 20 years have been difficult for homeowner property insurance writers. Since 1993, they have experienced only four profitable year’s industry wide, according to A.M. Best …
A recent analysis by Xactware reveals that its claims assignment and management network processed more than 1.8 million estimates for roof repairs in 2012 — roughly 34 percent of the total number of estimates received for the year. The results …