Live Insurance News

Health insurance woes continue to cause frustration in the US

October 28, 2013October 26, 2013 Logan B.

Health insurance exchanges attract controversy The controversy surrounding health insurance in the U.S. continues to grow as federal officials look to place blame for the technical difficulties that insurance exchanges have been experiencing throughout the country. Exchanges went live on October 1, but many were plagued with serious problems that prevented people from accessing exchange websites and applying for insurance coverage. These problems were not restricted to state-based exchanges, of course, as they also crippled the federal insurance gateway, HealthCare.gov. Exchanges experience technical difficulties When exchanges began open enrollment earlier…

Driverless Cars – The Future of Motoring

June 16, 2013April 21, 2014 Guest Author

Driverless cars may be far closer to becoming reality than is generalised realised according to new research by MoneySupermarket.com. Eight major global players are all competing to take this developing industry by storm, with Mercedes set to win the race to be first to market with a driverless S-Class set to be made available later this year. The Mercedes solution will be capable operating without driver input at speeds of up to 25mph, which will allow drivers to avoid tedious and stressful inner city driving. This will be very similar…

Auto insurance fraud may be put to rest by driverless vehicles

June 10, 2013June 8, 2013 Nordstrom

Driverless cars could be a powerful weapon against auto insurance fraud Auto insurance remains a problematic issue throughout the U.S. Fraud is quite common in this sector, especially in states like New York and Florida, and modern efforts to combat fraud on a legislative level have proven fruitless. The prevalence of fraud is causing auto insurance costs to skyrocket throughout the country, putting more pressure on lawmakers to find a way to crack down on fraud before costs begin to spiral out of control. The solution may be as simple…

US insurance industry may benefit from new Internet monitoring system

May 18, 2013May 25, 2013 Logan B.

Cyber Insurance policies commissioners industry

Insurance industry continues to see threats in digital world Cyber security has become a very big deal for the U.S. government. Federal officials often highlight the risks that exist in the digital world, expressing their concerns that hackers and malicious parties could do irreparable damage to the country in a variety of ways. While these threats can often be over-politicized, the insurance industry is well aware of the risks they represent and has also been working to draw more attention to these risks in recent years. Federal government to develop…

Health insurance documentation to go digital with Medlio

April 29, 2013April 28, 2013 Nordstrom

Medlio aims to modernize health insurance information As the lives of consumers becomes more digital, health insurance is becoming weighed down by archaic documentation that is proving more cumbersome than useful. Medlio, a startup based in Philadelphia, Pennsylvania, has been working to make health insurance documentation more accommodating to the digital age. The startup has been developing a system that may replace the traditional cards that are used to identify a consumer’s health insurance coverage, providing these consumers instead with digital documentation that may prove more convenient. Digital documentation could…

Insurance industry shows praise for Accenture technology

April 24, 2013April 23, 2013 Logan B.

Accenture receives high rating for the technology it provides to the insurance industry Accenture, a global management consulting and technology services company, has received the highest possible rating from Gartner, a global market research firm, for the fifth consecutive year. Gartner has released the results of its “MarketScope for North American Property and Casualty Insurance Claims Management Modules” report, wherein Accenture’s Claim Components software won top marks from the firm. The software has proven valuable for much of the insurance industry in the U.S., especially as the interests of insurers…

Supercomputer Watson to take on the health insurance industry

February 20, 2013February 19, 2013 Marc

Watson making an entry into health insurance The Watson supercomputer, one of the most advanced computers on the planet, has made an entry into the insurance industry. Since 2011, IBM, makers of the advanced artificial intelligence computer, has been using Watson to improve the health care industry. The supercomputers capabilities have drawn a great deal of acclaim in this field and has helped modernize many of the computer systems that govern health care. Now, Watson is graduating from the medical world to take on health insurance. Supercomputer will help assess…