Credit: MUNGKHOOD STUDIO/Shutterstock. AI-driven automation firm Simplifai has announced its first US-based customer, Stillwater Insurance. Stillwater Insurance, a provider of personal and commercial insurance products in all 50 states, will utilise Simplifai’s Claims Intake Solution to streamline its intake of claims-related emails and attachments. The solution also reduces the need for manual data extraction and
Dublin, Aug. 15, 2024 (GLOBE NEWSWIRE) — The “Digital Insurance Platform – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering. The global market for Digital Insurance Platform is estimated at US$132.9 Billion in 2023 and is projected to reach US$259.3 Billion by 2030, growing at a CAGR of 10.0% from 2023 to
Prime Insurance Company, an excess and surplus lines insurance carrier, has announced the appointment of Peggy E. Day as its Executive Senior Vice President of Operations and Strategic Advisor to the CEO. Day has over three decades of experience in the insurance industry, having previously worked at Distinguished Programs where she played a significant part
Due to the challenges in the California insurance market, the Canyon Lake Property Owners Association (POA) has halted gas and propane sales at Happy Camp. As of midnight tonight, all current insurance policies held by the POA will expire, and the POA is facing significant rate increases due to the impact of California wildfires and
Around 8,300 Ohioans were affected by the rate increase Home, auto insurance premiums skyrocket Experts say inflation is a major factor. Fox – LA MetLife customers in Ohio saw a 144% increase in their annual premiums for long-term care insurance, according to a letter the insurance company sent policyholders in July. The rate increase affected
SALT LAKE CITY — As folks along the Wasatch Front have spent the day cleaning up after the storms of the last few days, it begs the question: what damage will insurance cover? Many homeowners may not get the help they might expect from their insurance company. Most homeowner policies will cover damage caused by
Colorado Springs, Colo. – August 15, 2024 – USA Triathlon, the National Governing body for the sport of triathlon in the United States, has selected BikeInsure as the organization’s Official Bicycle Insurance partner, bringing affordable, opt-in bicycle insurance to USA Triathlon members. BikeInsure is a specialty bicycle insurance company offering bike coverage to all adult
California State Insurance Commissioner Ricardo Lara released a statement on Aug. 9 regarding the latest administrative actions through the California Department of Insurance in connection with addressing the state’s insurance crisis. Lara issued a Bulletin implementing rate review reforms aimed at stabilizing the state’s insurance marketplace. This accomplishes reforms that were included in budget trailer
The insurer of last resort in Florida isn’t meant to be competitive. But if it were, its average premium for regular homeowner’s insurance would have to almost double. According to a company presentation to state regulators earlier this month, Citizens Property Insurance policies continue to be significantly underpriced compared to private carriers. It estimates the
Proof that actuaries calculating the likelihood of one’s ice cream cone melting on a hot August day might be having a meltdown over having to cover the loss under what Baskin Robbins is serving up Wednesday: melt insurance. For one day, the chain is offering a replacement for the ice cream lost to this summer’s