Severe weather often triggers high-volume loss events that create a performance challenge for carriers and contractors. Service timelines deteriorate because repair estimates are delayed for days or weeks while loss data such as damage evaluation, measurements, and photographs are collected.
Every now and then the word “blockchain” appears somewhere in our daily life. It’s is almost always associated with getting fabulously rich, staggeringly poor or in some James Bond style theft of a large sum of money, a person with a Russian sounding last name hiding out in a 2nd world country.
You’ve heard the promises. The world is changing and the ubiquity of mobile devices, software and all things connected will bring the chaos of your world to rest. Streamlined data capture, automated reporting… and it all sounded so good!
The passing of each decade brings numerous achievements big and small. However, time seems to have sped up with the light-speed adoption of technological advances, right?
In May 2016, the massive Fort McMurray wildfire that forced more than 80,000 people from their homes was dubbed the costliest disaster for insurers in Canadian history. With tens of thousands of personal, commercial and auto claims, the devastation took months to document and the re-build will be underway for some time to come.
