News
Inside Carrier Management’s 2Q Magazine: The Rise of AI and EI in Insurance
As part of its "Watson at Work" campaign, IBM in early April released a series of videos showing cognitive systems helping people do their jobs. One video shows Watson, IBM's cognitive computing ...
AI Will Transform Insurance Industry, Execs Say: Accenture Report
Three-quarters of insurance executives believe that artificial intelligence will transform the overall industry within three years, although a slightly lower percentage foresee significant changes ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Man and Machine: The Future of Insurance Work and Workforce
Early this year, news of a large Japanese insurance company replacing 34 of their employees with artificial intelligence (AI) sent shockwaves throughout the industry. While automation is nothing new ...
Willis Towers Watson Partnering With Roost to Form Home Telematics Testing Consortium
Global insurance consultant Willis Towers Watson is partnering with technology firm Roost to establish a claims data sharing consortium to help insurers test the effectiveness of water and fire smart ...
SCOTUS Tightens Rules on Where Injury Suits Can be Brought
The U.S. Supreme Court on Tuesday tightened rules on where injury lawsuits may be filed, handing a victory to corporations by undercutting the ability of plaintiffs to bring claims in friendly courts ...
Former Platinum CEO Price Joins Board at The Hanover
The Hanover Insurance Group announced Tuesday that Michael D. Price has been elected to the company's board of directors, effective July 3. Price, a highly experienced senior insurance executive who ...
Sharing Economy Booming in China: Latest Wave Includes Umbrellas, Basketballs
Fancy shooting some hoops, but don't have a basketball? Caught in the rain with no umbrella? Smartphone run out of juice? China's rapidly expanding "sharing economy," which already provides car rides ...
Group Linked to NSA Leaks Plans to Release More Data in July
A group that published hacking tools that security experts believe were stolen from the U.S. National Security Agency said on Tuesday it plans to sell a new batch of stolen code in July to customers ...