Auto Casualty Medical Price Index: Q2 2018
2 MIN READ
The National CPI for All Services, reported by the Bureau of Labor Statistics as of August 2018, is 125.31 when adjusted to Q1 2006, which reflects a 0.9 percent increase since Q4 2017.
5 Steps to an Optimized Third Party Liability Claim Workflow
Third party liability claims present unique difficulties for insurance carriers, as pressures from rising medical expenses, aggressive plaintiff attorneys, and restrictive legislation combine to form a challenging landscape. Many carriers are looking for ways to optimize their third party liability claim workflow for adjusters and claimants alike in an effort to build a competitive advantage and respond to the changing environment.
Field Inspection vs Virtual Estimating Trends
4 MIN READ
Insurance companies continue to seek ways to improve customer satisfaction while driving production efficiencies. Historically, most insurance companies offered three, maybe four standard methods of inspection (MOI’s) to assess damages to a vehicle in the claims process. These standard methods often include: a direct repair program (DRP), staff inspection at the vehicle’s location if within a staff member’s territory; or inspection by an independent appraiser.
New Hazards and Opportunities for Insurers in the Internet of Things
According to the famous futurist Ray Kurzweil, “we won’t experience 100 years of progress in the 21st century—it will be more like 20,000 years of progress.” We are at an incredibly important moment in time—one that I believe historians will look back on as a pivotal time in the advancement of technology and in the way humans interact with it.
DevSecOps: An Interview with Peter Chestna at Mitchell DevCon 2018
Each year at Mitchell's DevCon, CTO Erez Nir, brings together hundreds of the company's information technology, engineering and development staff for a full day of keynote and working sessions designed to educate, inspire and celebrate the teams and people that bring Mitchell's products to life. This year, we caught up with DevCon keynote speaker Peter Chestna and asked him to share his views on and passion for DevSecOps, a growing movement within DevOps to emphasize the fundamental role security plays in the development process.
Auto Casualty Medical Price Index: Q1 2018
2 MIN READ
The National Consumer Price Index, or CPI, for All Services, as reported by the Bureau of Labor Statistics in May 2018, was 124.14, which reflects a 0.6 percent increase since Q3 2017 and further eliminates the decrease experience seen in Q1 2017.
Insurtech: Improving Consumer Experiences and Relationships
Technology is one of the hottest topics in insurance, as Insurtech innovations continue to disrupt the industry. Between improving customer experiences and relationships, helping contain costs and using data to improve decision-making, technology has been and will continue to make significant improvements in Property & Casualty claims handling.