Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road: Creating their own insurers in Hawaii. On Friday, Lyft told potential investors …
After highlighting the top 10 contributed articles and the top 10 videos/podcasts of 2018, we now look at the top 5 most popular articles of 2018 published by Claims Journal: Today is the Deadliest Day of the Year for Car …
Wildfires, hurricanes, tornadoes, hail storms, Nor’easters and mudslides. A string of disasters has pummeled the biggest U.S. insurers over the past year, and the second quarter was no exception. Allstate Corp. estimated its pretax catastrophe losses at $906 million for …
Artificial intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson. “It’s going to rip through this economy like a tsunami,” Wilson said Thursday in an interview on Bloomberg TV from Aspen, Colorado. Automation …
A recent Washington Court of Appeals ruling opens the door to bad faith lawsuits naming individual insurance adjusters. The case involves Moun and Aung Keodalah versus Allstate Insurance and Tracey Smith, the adjuster who worked for Allstate and handled his …
Allstate expects insurance losses of about $593 million in August after Hurricane Harvey left a path of destruction along the Gulf Coast. The initial accounting Thursday follows warnings from other insurers that are tallying the damages from a hurricane season …
Insurance adjusters are bringing more drones with them than ever before as they head to Texas to assess the damage from Harvey. Companies are using the drones on a much larger scale to record images, save time and spare human …
Hurricane Harvey has set a U.S record, according to the National Weather Service, dumping 51.88 inches of rain in parts of Texas. As the tropical storm moves over southern Louisiana, claims catastrophe teams are moving in to devastated cities in …
In a recent earnings report, Allstate reported positive changes as a result of its move toward an integrated digital enterprise. According to Matt Winter, Allstate president, claims is a good place to start deploying emerging technologies because of the many …
Mother and Son Sentenced for California Auto Insurance Fraud Scheme Henrietta Silva and her son, Peter, were sentenced recently in the San Diego Superior Court after submitting multiple fraudulent auto insurance claims. Henrietta was sentenced to serve 270 days in …