How chatbots can settle an insurance claim in 3 seconds

      At Amazon’s model supermarket, Amazon Go, clients can stroll in, get what they need, and exit while never holding up in a checkout line or hauling out a wallet. Amazon will naturally charge their record and send them a receipt. Come up short on paper towels? Don’t sweat it. Amazon Prime clients can submit a request from ...

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Customer Service Lessons From My Insurance Company

  I recently found that my wife is working for a business, and neither of us recognized it. To make things worse, her operating conditions are somewhat bothersome, it is not a rewarding place and the cover is not all that good. I need to back up a bit. For almost 20 decades, we have been clients of the identical ...

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How AI And Machine Learning Are Used To Transform The Insurance Industry

Statistics has always been in the core of the insurance market. What’s changed in our existing reality to make substantial disturbance is the number of information generated every day and the rate in which machines may process the data and find insights. We can’t describe the insurance industry for a sloth when it comes to technology and innovation. Artificial intelligence ...

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4 Easy Steps To Understanding (And Buying) Life Insurance

  I understand why you have not purchased life insurance however. It goes something like that: You have married and thought to yourself, “What if something happened to me personally? I now have somebody who is determined by me. I want to find life insurance.” On the other hand, the final sweet nothings that you would like to whisper for ...

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Congress Needs To End FHA Life-Without-Parole Mortgage Insurance

  A Invoice has been Released To Congress (Maxine Waters, D – CA) that could commute the life sentence awarded to FHA borrowers back in January of 2013. That’s if HUD increased FHA Mortgage Insurance Premiums (MIP) and required debtors to pay these premiums eternally. Or at least to its life-of-their-loan, whichever came first. This was completed in a bid ...

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Errors & Omissions Insurance: A Safety Net for Your Business

      Errors & Omissions (“E&O”) insurance, also called Professional Liability Insurance, can help safeguard your resources against claims of negligence, misrepresentation, and incorrect advice. Basically, an E&O coverage will back you up if you make a mistake or a mistake which ends 
up costing a great deal of money. Some professionals, like attorneys, physicians, and accountants, are really ...

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Advisors ‘Lagging’ in Proper Insurance Against Cyber-Attacks

Purchasing a cyber-insurance policy progressively makes sense to a lot of financial advisory companies. However there still are companies that do not purchase committed insurance for protection against cyber-attacks. Some might believe that they are duplicative, too pricey, or simply unnecessary. Others, however, consider cyber-insurance is currently a fixed price of doing business in the time of cyber-attacks. However, just ...

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Reviewing 2017 Crop Insurance Prices

  Typically, the vast majority of cotton, corn and soybean harvest insurance earnings protection policyholders buy the harvest price option. Every year, farmers cover tens of thousands of dollars in premiums because of this particular feature that may offer added financial risk policy in case of harvest loss. The harvest cost option offers protection on return declines at the greater ...

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Regulator Curbs Fat Payouts To Auto Dealers For Motor Insurance

Auto traders will no longer find fat commissions on purchasing motor insurance. That is because the insurance agent has restricted the charges for sale motor covers and attracted auto dealers on a level with different vendors to deliver uniformity and assess random payouts by general insurance. For other vehicles, it is 15 percent, based on new guidelines issues by the ...

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Buffett’s Streak of ‘Free’ Insurance Money May Be Ending

  The insurance company was great to Warren Buffett. For years, his steady of carriers in Berkshire Hathaway Inc. have supplied him tens of thousands of dollars to spend. They have also turned into an underwriting profit each year since 2002. That series may be coming to a conclusion. On Friday, Berkshire is very likely to report huge claims costs ...

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