John Merkovsky, Justin Paglio and Brian Paul | The Cromeens Law Firm Hurricane season emphasizes the importance of accurate total insured values, but if you’re using traditional valuation approaches, the pressure to modernize is far from seasonal. Hurricane season may prompt your organization to prioritize mitigating the potential impacts and reviewing total insured values, ensuring… Continue reading Do Risk Managers Need To Modify How They View Total Insured Values?
Category: Insurance
The Problem(s) With Hail Claims – Part 2
Bill Wilson | Claims Journal In last month’s column, we began our examination of hail and windstorm claims issues by focusing on the pervasive problem of whether delayed discovery and reporting of hail damage meets the conditional requirements of most homeowners policies to report damage promptly or as soon as practicable. In this issue, we’ll… Continue reading The Problem(s) With Hail Claims – Part 2
The Problem(s) With Hail Claims – Part 3
Bill Wilson | Claims Journal My previous two columns (May and June 2024) addressed issues with hail and windstorm claims regarding the discovery and reporting of damage, actual cash value versus replacement cost valuation and 180-day reporting conditions, percentage deductibles, special cosmetic damage limitations, and “marring” exclusions. In this third and final “hail claims” installment,… Continue reading The Problem(s) With Hail Claims – Part 3
Leveraging Artificial Intelligence in Claims Processing: A Balanced Perspective
Chandariah Sharmila Devi | Claims Journal Imagine a world where insurance claims are processed instantly with accuracy and minimal manual intervention. Yes, that is the promise current artificial intelligence revolution has made in claims processing. But as with any modern technology revolution, there are challenges, and the reality is subtle. AI is a hot topic,… Continue reading Leveraging Artificial Intelligence in Claims Processing: A Balanced Perspective
AI’s Impact on Property Insurance Coverage
Lee Ann Thigpen | Robins Kaplan Artificial Intelligence (AI) is the simulation of human intelligence processes by machines, such as computer systems for assistance in quickly answering complicated questions, researching a specific topic, or creating an image. Put another way, AI is the ability for computers to do tasks and solve problems that would otherwise… Continue reading AI’s Impact on Property Insurance Coverage