Caught between the Devil and the Deep Blue Sea
P&C Specialist has an important article about how State Farm is intensifying is aggressive auto insurance pricing strategy which has lost tens […]
When the workplace has no walls: Risk management must address the remote revolution
It’s getting harder to tell where work ends and risk begins. A recent article from PropertyCasualty360 outlines how the post-COVID work environment […]
State Farm finally turns the corner but faces a long-term problem
P&C Specialist highlights State Farm’s recent return to profitability, marking a positive shift during an exceptionally strong year for the industry. However, […]
The Accident Date Switcheroo
Much of the excess personal auto losses that carriers incur involved manipulations after the policy is bound. One such ‘cheat’ is when […]
Where’s Progressive?
P&C Specialist recently published a list of the most sued insurance companies in the United States. Several State Farm units lead the […]
Three AI Mistakes We See Insurance Carriers Making
Insurance carriers typically make three mistakes when implement AI
Fast Isn’t Always Smart: Why high speed Claims Tech puts the cart before the horse
Every few years, insurance circles back to the same promise like it’s breaking news:“Faster claims. Faster payments. Happier customers.” And every few […]
How to think about AI progress
Tyler Cowen of Marginal Revolution has a post talking about how to measure AI progress. He points out that focused applications can […]
Why is personal lines underwriting so technologically backward?
Why is there so little personal lines insurance carrier investment in underwriting automation? After all, matching risk to rate is the fundamental […]
Hidden Pre-existing Damage
Some customers only purchase ‘Comprehensive and Collision’ Insurance when they have damage that they want repaired. This ‘pre-existing damage’ fraud is a […]
Garaging Fraud
“Garaging Fraud” is where a policyholder claims to garage their car in a low risk area to reduce their premium. An example […]
Ghost Broker Fraud
A ‘Ghost Broker’ is an unauthorized person who helps drivers get legally required auto proof of insurance for a fee. Typically, the […]
