INSURASALES

Tag: Claims

Guidewire to Acquire ProNavigator to Enhance P&C Insurance Knowledge Management

Guidewire is acquiring ProNavigator, a knowledge management platform for P&C insurance, to improve workflow efficiency and decision-making. The integration will enhance Guidewire's platform with advanced knowledge retrieval and search capabilities.

Personal Lines Insurance Shifts to Predict-and-Prevent Mindset Amid Market Pressures

Explore how personal lines insurance is evolving from repair-and-replace to a predict-and-prevent approach, driven by economic pressures, consumer behavior shifts, and technology integration.

Increased Deer-Vehicle Collisions Raise Safety and Insurance Concerns in Ohio

Higher deer-vehicle collisions during fall in Ohio lead to increased car accidents and insurance claims, highlighting road safety and financial risks for drivers and insurers.

Commercial Auto Insurance Posts $4.9B Loss in 2024 Amid Rising Claim Severity

In 2024, commercial auto insurers faced a $4.9 billion underwriting loss driven by an 8% annual increase in claim severity, highlighting persistent challenges from social inflation and risk management in the U.S. market.

Mexican Insurance Industry Reports $908B in Premiums, Highlights Major Claims

Mexican insurance companies manage premiums of MX$908.79 billion and have paid significant claims including $3.01 billion for COVID-19. The sector faces modernization and climate risks while growing pension insurance.

Wisconsin Flooding Raises Auto Insurance Claims, Risks of Hidden Vehicle Damage

Southeastern Wisconsin flooding creates surge in auto insurance claims due to extensive vehicle damage. Learn coverage options and tips to spot flood-damaged cars.

Florida Appeals Court Limits Use of Claims Handling Delays in Insurance Dispute Trials

Florida's 4th District Court of Appeals rules limiting references to claims handling delays in insurance disputes, emphasizing compliance with documentation over bad faith allegations.

U.S. P&C Insurance Combined Ratios Hit Decade Low Amid Rising Costs and Digital Shift

U.S. property and casualty insurance industry sees best combined ratio in over a decade in 2024, driven by better personal lines underwriting and digital sales growth, despite rising auto repair costs and inflationary pressures from tariffs.

Illinois Appellate Court Enforces Appraisal Clause in State Farm Hail Damage Dispute

Illinois Appellate Court requires State Farm to engage in appraisal for hail damage valuation dispute, despite insurer's coverage objection.

Key Insights and Innovations for U.S. Property & Casualty Insurance Professionals

Explore crucial strategies and technology innovations shaping property and casualty insurance claims, risk assessment, subrogation, and information management for U.S. insurers.