Tag: innovation

Gen Z’s Truth About Lying: A Tech Revolution in Insurance

G. Turner
Gen Z - Masks

In an unexpected twist, the high rate of insurance application falsifications by Gen Z has become a catalyst for technological advancements within the insurance industry. NerdWallet’s 2024 Insurance Dishonesty Report reveals that 42 percent of Gen Z-ers have admitted to lying on insurance applications to secure better rates. This trend, while initially alarming, is driving significant innovation in how insurers handle data and assess risk. Generational and Gender Perspectives on Insurance Dishonesty Emerging trends highlight a generational and gender divide in attitudes towards insurance dishonesty. Men are generally more inclined…

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State Farm Registers $6.3 Billion Net Loss in Challenging 2023 Fiscal Year

H. Cutner
state farm insurance news

Despite attempts to improve results following a substantial $6.7 billion loss in 2022, State Farm, a leading insurance giant, ended 2023 with a $6.3 billion net loss. The company cites a surge in catastrophe claims as a significant factor contributing to their financial results. Elevated Claims and Unfavorable Results The Financial Climate State Farm’s financial report for the year reflects a tumultuous period, as total revenue reached $104.2 billion, yet it was not enough to prevent a net loss. The company’s combined ratio, a key measure of underwriting profitability, rose…

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Enservio Announces All-Star Lineup of Speakers for 10th Annual Property Innovation Summit

PR Article
insurance industry news

Thinkers50 guru, Tesla Motors president, bestselling business authors and  innovative claims executives, among featured speakers NEEDHAM, Mass. – February 2, 2016 – Enservio, Inc. today announced an all-star roster of featured speakers for its 10th annual Property Innovation Summit, April 4-6 at the Turnberry Isle Resort in Miami, FL.  Last year the invitation-only thought leadership conference brought together more than 150 senior-level property executives from the nation’s top insurance carriers for two days of networking and high impact presentations on innovation and leadership. This year’s opening keynote will feature management…

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