In 2017, an insurance technology start-up named Lemonade received a claim, verified it against its files, examined it for fraud, pronounced it valid, and paid the claim. All of these operations were done in three seconds. People were more than amazed. Everything about...
Thirteen people die every day in the United States as a direct result of their work. An industrial robot malfunctions, construction scaffolding collapses, a crucial relief valve sticks and workers die. Scores more die every day from diseases and other medical...
While severe weather events like Hurricane Katrina or Hurricane Harvey dominate the news for weather-related disasters, the majority of insurance claims for weather-related events come from much more mundane, small-scale weather phenomena. Insurance companies have...
The development of a newer, higher-resolution maps of the continental United States has a revealed a problem, according to researchers. At least 43 million people in the US may be affected by a 100-year flood, three times more than federal estimates currently predict,...
American has debated gun control for decades and it is now further away from a political solution than ever before. With mass shootings averaging one a week so far this 2018, gun control proponents have been loud and vocal. Gun advocates cling to their interpretation...
Data analytics firm Verisk has launched a benchmarking and risk-scoring platform called EPIX (Energy & Power Intelligence Exchange) to better equip underwriters with the proper tools, information, and actionable insights that will enable them to make more...