claims management News

Viewpoint: Keeping the Human Element in AI Claims Management

Without a doubt, artificial intelligence (AI) is a valuable driver of innovation in today’s insurance industry. Unfortunately, the predominant attitude toward AI in our culture still hangs on a suspicion that people will lose their livelihoods as their jobs are …

Building Information Modeling Pitched as Claims Management Tool

GARDEN GROVE, Calif. — As an attorney who focuses on construction litigation, Vasko C. Alexander says he has spent a good part of his legal career inside mediation sessions where contractors, subcontractors, owners and architects blame one another for whatever …

Sedgwick Founder Robert Young Dead at 83

Robert Lerton “Bob” Young, founder of a company that grew to become claims-management giant Sedgwick, died on Feb. 20, the company announced Wednesday. He was 83. Young in 1969 founded a small claims services company in San Francisco. The company …

Business News: Tristar, George Hills, RiskStream Collaborative, Verisk

Tristar Buys RMS Tristar Insurance Group, a privately owned third-party claims administrator based in Long Beach, Calif., has agreed to purchase Aspen Risk Management Group. Aspen, located in San Diego, provides remote ergonomics, online service platforms, and consulting services to …

Business News: RiskStream, Sedgwick, Clara Analytics

RiskStream Launches Innovation Lab The RiskStream Collaborative, a consortium of insurers that making a joint investment in blockchain technology, has created a new entity that will work with insurers, non-insurance organizations and governmental agencies that are looking to explore targeted …

Legal Group Unveils Guidelines for First-Party Insurance Disaster Claims

A national legal group has developed new, streamlined protocols designed to promote a more efficient exchange of information in first-party insurance claims cases stemming from manmade and natural disasters. The Institute for the Advancement of the American Legal System (IAALS) …

Ascot, Beazley Launch $50M Cargo Claims Consortium for Small-Medium Firms

Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium using insurtech technologies to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range of cargo carriers that will provide a maximum …

Schedule It Successfully Completes SOC 2 Type 1 Audit

Compliance Demonstrates Schedule It’s Adherence to Higher Industry Security Standards for an Insurance Technology and Service Provider Elizabethtown, KY, December 12, 2018 – Schedule It, LLC, the leader in insurance property claims inspection scheduling, today announced that it has successfully …

Report: Amazon Could Tackle Claims Management Next

Amazon has become the go-to for online shopping, it’s foray into digital entertainment has been equally successful. Imagine if the online retailer were to offer insurance services. One company has – Altus Consulting, based in the UK – explored how …

Survey: Claims, Customer Service and Underwriting Main Focus of Insurer Data Analytics

Three frontrunners lead US property & casualty (P&C) insurers’ priorities for data and advanced analytics: customer experience; claims management; and telematics data for pricing, customer selection and product design. This finding, and the growing range of data sources that insurers …