Predicting natural disasters is becoming more important for banks and insurers as climate change increases their occurrence. Last year's wildfires in Los Angeles killed 31 people, destroyed more than 16,000 structures and caused as much as $131 billion in economic and property losses.
Prosecutors said the man they charged with starting the deadly 2025 Palisades Fire in Los Angeles was upset about a failed relationship and not having New Year's Eve plans just before he set a small blaze which rekindled six days later.
Bridging the gap between knowledge and core systems is the key to an improved user experience.
Fewer consumers want life insurance since the pandemic, but sales are still growing, with digital tools keeping sales high among the 38% of Americans who are still buying, according to new research.
Insurance tech and legal executives emphasize checking data, and working to build confidence and trust.
It is not just about modernizing systems, but about standardizing how transactions are processed and how data is exchanged across the ecosystem.
