Risk Strategies Company

Insurance Technology

Shift Technology, Elephant Insurance | December 15, 2020

Shift Technology, a provider of AI-native fraud detection and claims mechanization solutions for the global insurance industry, today announced Elephant Insurance selected the company to help improve fraud detection in the P&C insurer's claims process. Well known for its customer-centric approach to insurance, Elephant is focused on ensuring consumers approach the best products and services available, at the correct cost, to deliver the protection they need. Recognizing th...

GlobeNewswire | August 20, 2020

InsuraGuest Technologies, Inc. (TSX.V: ISGI) (the “Company”), under its wholly owned U.S. subsidiary InsuraGuest Insurance Agency, LLC (the “Agency”), has signed Swarts, Manning & Associates (“SMA”) for its agency/broker program, which focuses on agencies and brokers that write general liability polices specifically for hotels. InsuraGuest will utilize SMA’s brokers and business network in Utah, Nevada and California to access SMA’s hotel clien...

Farmers Insurance | February 20, 2020

Farmers Insurance is introducing its auto insurance product in South Carolina. A release stated that South Carolina marks the eighth state in which Farmers Insurance has expanded access to its products since 2011. Since that year, the insurer has over a million policies in force thanks to its eastern expansion in states such as Florida, Connecticut, Georgia, Maryland, New Jersey, New York, and Pennsylvania. Farmers Insurance president of personal lines Keith Daly said that the launch of its full...

Traveler | April 22, 2020

Travelers has reported a 25% drop in quarterly profit. The company also warned that potential claims for compensation coverage for furloughed and laid-off employees would impact its results for the year, according to a Reuters report. With the coronavirus pandemic weighing on the economy, millions of Americans are now jobless. Travelers said it might see “elevated claims frequency and severity” for its workers’ compensation line of business as states expand workers’ comp ...