Michael Shashoua is Senior Editor at Digital Insurance. He joined the site in April 2022, after working as a marketing communications writer specializing in financial technology and data management for companies including GoldenSource, FIS, Thomson Reuters, Rimes, Bloomberg, DTCC and Vested. Previous to this, he edited Inside Reference Data at Incisive Media (now Infopro Digital) for five years and deputy edited WatersTechnology at Incisive. He also covered financial technology for Global Investment Technology until 2009. His interests include comedy, podcasting, music, movies and arts and entertainment in general.
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Consumer Watchdog officials, in remarks before and during a hearing of the Assembly's Insurance Committee, stressed requiring insurers to provide standard policies to homeowners who fireproof their property, countering Commissioner Ricardo Lara's proposed deal with insurers promising more coverage in wildfire distressed areas.
September 23 -
USAA, MMG Insurance and Munich Re executives spoke about these insurers' efforts to model risk and use data proactively to serve policyholders and prevent bias.
September 18 -
Andrew Mais, who also serves as president of the state insurance regulators group, acts on recent floods in his state.
September 15 -
The Community Rating System encourages communities to exceed the standards set by the National Flood Insurance Program.
September 12 -
Melanie Kolp, senior vice president and chief technology officer of Technology Enterprise Solutions at Nationwide, leads the insurer's efforts to get the most out of Gen AI capabilities while ensuring regulatory compliance and data security.
September 9 -
Claims processing failings are the biggest reason for insurance policyholders wanting to switch carriers, a survey by insurance.io finds.
September 9 -
The Toronto-based embedded insurance platform startup aims to make the distribution format more profitable for insurers and better at serving policyholders.
September 3 -
The scope and complexity of data makes Gen AI a useful tool for insurance companies to get and manage relevant information for a variety of functions.
August 28 -
Gen AI-powered risk mitigation applications provide predictive maintenance and draw on monitoring technology to reduce claims and risk.
August 26 -
First in a series on how the insurance industry now sees Gen AI and its potential.
August 21 -
The startup incubator/accelerator promotes and advances new insurtechs from the Tel Aviv market, on a global scale.
August 20 -
Insurance consumer advocates want the association of state insurance regulators to share the data on home insurance collected recently from insurers, to better address an affordability crisis.
August 18 -
The state's regulator has nearly finalized an increase in rates for the Citizens Property Insurance Corporation (CPIC), established to cover Floridians dropped or rejected by private insurers.
August 14 -
A tougher environment for weather disaster related insurance claims ripples into fraud concerns and awareness of deductibles, speakers told a convention of state insurance regulators.
August 13 -
The California Department of Insurance, responding to consumer advocate groups' criticisms, issued a plan that its commissioner says will keep rate increases in check.
August 12 -
Just as cyberattackers appear to be applying the technology to create identities for fraudulent claims, insurers are beginning to talk about how to deploy it to defend against this threat. Gartner, American Family and the Intentional Futures consultancy describe these developments.
August 11 -
California consumer advocacy group Consumer Watchdog says the state's insurance regulator went beyond established norms for certifying its right to funding by adding industry comments critical of the organization.
August 7 -
Speaking in a Reuters forum, claims executives from American Family and other insurers emphasized choosing forms of communication carefully and being receptive to policyholders' preferences.
August 5 -
California insurance regulator's changes to "insurer of last resort" plan promises to shore up carriers participation in the state's market, but Consumer Watchdog says it absolves their responsibilities.
August 4 -
The startup insurtech, backed by Saw Mill Capital Partners, ties together several homeowner roof claims repair companies, mostly in the Southern U.S.
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