Insurance

State Farm, the largest insurance company in the United States, has just announced that it will no longer accept new home insurance policies in California, mainly due to the high incidence of fires resulting from the increase in temperatures created by the climate emergency. The company says that the exposure…

By Eagan Kemp | Public Citizen Medicare for All was reintroduced in Congress in both the House and the Senate May 17th, 2023. This year’s introduction was an exciting one that came at an important time for the Medicare for All movement. The main events for this year’s launch included…

The efficiency and accuracy of many processes can be increased through automation, even though it is true that human action cannot be replicated. Despite the fact that underwriting is a people-centered process, insurance is a people-centered industry. Automated underwriting does indeed offer quicker response times and simplified claims handling as…

Embedding insurance in Climate Resilience Programmes: Takeaways from Kenya Context The incomes and livelihoods of smallholder farmers are increasingly affected by extreme weather events or crop damage from pests and diseases. …

This is the business of climate change, and it’s bad — Actually they are no longer issuing policies for new homes. In a state with a chronic housing shortage and a median (not average) house price of $850,000, buying a first home or building one could become almost impossible without significant cash. Banks don’t issue mortgages on homes without insurance. State…

Using custom AI and chatGPT — In today’s fast-paced insurance industry, processing a vast array of documents is a critical but often cumbersome task. Intelligent Document Extraction has emerged as a game-changing solution for insurance companies, streamlining the handling of policy declarations, claims forms, endorsements, and underwriting documents. …

It is a universally held belief that filing an insurance claim is a daunting process. It always accompanies a crisis and it is understandable why it is both the most visible and hated part of the insurance process. Millions of insurance claims are filed every year. If you own a…

Terry H. Schwadron May 31, 2023 Even as Republicans in Congress — and more generally the Republican presidential candidates — continue to deny the need for systematic governmental response to climate change, here comes the business community offering up a reality slap in the face. State Farm, California’s top homeowner…

Recent years saw the insurance industry shifting towards mobile-first technologies. This transformation has been primarily driven by the multitude of benefits that mobile apps offer to insurance agencies, including heightened customer satisfaction, cost reduction, and accelerated growth. With the global insurtech market projected to reach a staggering $39.44 billion at…