Live Insurance News

Auto insurance telematics market is growing quickly

October 24, 2014October 22, 2014 Nordstrom

Demand for telematics technology has reached a new high in many parts of the world A new report released by Timetric shows that the insurance telematics market is set to see strong growth in the coming years. The demand for telematics technology within the insurance industry has been on the rise for some time, particularly among auto insurance companies. This technology is used to track consumer information and is becoming a valuable tool for auto insurers looking to offer new products to drivers. Telematics has lead to the creation of…

Unemployment insurance program amps up fraud detection

October 16, 2014October 14, 2014 Julie Campbell

The program will now be receiving assistance in being able to spot “suspicious patterns” among those claiming benefits. The struggling unemployment insurance program in California is now working with Pondera Solutions in order to be able to detect fraud more effectively and save the program – and tax payers – money. This new partnership is meant to help to boost the technology capabilities of the program. The unemployment insurance program in California is currently operating on an old computer system that was causing thousands of legitimate claims for benefits to…

The Insurance Industry and Technology

October 11, 2014October 10, 2014 Note From The Editor

The insurance industry has long been wrestling with ways to engage and retain customers. Like any business, insurance companies have to evolve with changing times and the way that consumers interact with one another and how they choose to interact with companies. Technology has become one of the most powerful forces in the world and insurers are having trouble adapting to this fact. Throughout the insurance industry, companies are beginning to adopt new business strategies that are based on the use of new technology. Some of this technology has to…

Drones may be coming to the insurance industry

October 9, 2014October 7, 2014 Marc

Insurance industry standards and technology

California insurer wants to use drones to expedite the claims process after natural disasters An insurance company operating in California wants to use unmanned aircraft to speed up the claims process associated with natural disasters. In the wake of a natural disasters, such as a major flood or earthquake, insurers often deploy claims adjusters to help policyholders file claims. This can be a time consuming process, depending on the severity of the disaster, and the longer the claims process takes, the more money an insurer is spending on the matter.…

Mogix Announces Exclusive “Insane” Amazon Launch Deal of New Portable Battery Charger

October 9, 2014October 9, 2014 Julie Campbell

The initial release sale for this external phone charger has created quite a stir in the insurance sector. On Monday, a company called Mogix send out an exclusive offer to subscribers of the newsletter from Live Insurance News, that offered readers their new portable battery charger at an insanely low price, and since then, the industry has been talking (possibly on well charged devices!). The launch offer sold the external phone charger at a tiny fraction of its current sale price, let alone the retail price. Readers of the Live…