Machine learning flips understanding of travel industry insurance upside down

Travel Insurance Industry - Machine Learning

Companies are using new technologies to obtain an entirely new comprehension of this sector. The travel insurance industry, like other coverage sectors, is turning to many new forms of cutting edge technology. This tech is helping the industry to obtain a more refined understanding of itself. The more this technology tells insurance companies about their coverage, the more their understanding changes. Machine learning, such as through artificial intelligence (A.I.) is tossing conventional travel insurance industry wisdom out the window. In its place, comes entirely new concepts and understandings. Smarter tech…

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iGrad Receives Pension & Investments Eddy Award for Enrich™ Financial Wellness Platform

San Diego, CA, April 24, 2019 –(PR.com)– iGrad recently was recognized with a Pension & Investments Eddy Award for its Enrich™ financial wellness platform. iGrad was honored along with Virginia Retirement System (VRS), an independent state agency that offers the Enrich platform to its 700,000 members. iGrad and VRS received the top score for public plans. Enrich is used by both public retirement plans and private retirement plan sponsors. VRS offers Enrich to its members to help them make informed and educated decisions on everyday financial matters while saving for…

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Insurance adjuster credits solid evacuation plan for saving the treasures in Notre Dame

Insurance adjustor - Notre Dame Cathedral, France

Experts estimate that 90 percent of the priceless artworks and relics from the cathedral were saved. A leading insurance adjuster Michel Honore has issued high praise to the Notre Dame cathedral evacuation plan and those who carried it out. He stated that it was because of this process and the cool-headedness of those who executed the contingency plan that about 90 percent of the cathedral’s relics, artwork and other treasures were saved. Despite the widespread damage from the heartbreaking fire in the 12th century cathedral, much was saved. Honore is…

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Drew Rothman of R-T Specialty Explores Wood-frame Construction Trends & Challenges at CLM Conference

Hamilton, NJ, April 22, 2019 –(PR.com)– Drew Rothman of R-T Specialty, LLC’s National Environmental and Construction Professional Liability Practice (ECP) recently explored the wood-frame construction boom and strategies for managing the related and wide-ranging risks at the 2019 Claims and Litigation Management (CLM) Alliance Annual Conference held March 13 – 15 in Orlando, Florida. “Due to its low cost and availability, wood-frame construction is extremely popular for building everything from apartment complexes to multiuse facilities,” says Rothman. “But it does not come without the threat of liability. Contractors need to…

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British pet insurance payouts reach record £785 million level

Pet insurance payouts - GBP

Policyholders have shattered previous records in the amount they received from their claims in 2018. Pet insurance payouts in the United Kingdom struck record levels in 2018 when they broke the £785 million mark. The figure rose to this level despite the fact that the number of claims filed by policyholders actually fell, said the Association of British Insurers (A.B.I.). The industry trade body pointed to a rising cost of complex veterinary care to explain the payment size. The A.B.I. underscored the increasing cost associated with sophisticated medical care to…

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MFE Insurance Brokerage Offers Restaurant Insurance

Los Angeles, CA, April 22, 2019 –(PR.com)– MFE Insurance, a California entertainment insurance brokerage, recently announced that they will now be offering restaurant insurance policies. Restaurant insurance protects restaurant owners against risks and liabilities that may occur on their property. Without restaurant insurance, restaurant owners are at risk of lawsuits and liabilities that may financially cripple their business. Owning a restaurant comes with a litany of responsibilities and a wide range of risks and liabilities. All restaurant owners face the same common set of risks, including food safety and storage,…

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Bill Cosby’s insurance company is “despicable”, says the fallen celebrity

Bill Cosby’s insurance company - Bill Cosby's Star on the Hollywood Walk of Fame

AIG has allegedly settled a second lawsuit without the imprisoned comedian’s knowledge. Bill Cosby’s insurance company has, for the second time in a month, allegedly settled a lawsuit without the celebrity’s knowledge. Cosby is raging against the insurer, A.I.G., for continuing this practice without his being aware or consenting. The comedian once known as “America’s Dad” released a statement against AIG’s actions on his behalf. “A.I.G.’s conduct is despicable and I can only imagine how terribly they’re treating their policyholders, who don’t have my means and my resources,” said Cosby…

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