Company

Insurance

Qualia forms integration partnership with title insurance company

By Jacki Roig 2 days ago

Qualia, a digital real estate closing platform, has teamed up with Agents National Title Insurance Co. (ANTIC) for a suite of integrations.

Through the integrations, title agents working with ANTIC will now be able to complete all of their commitment and policy production work within the Qualia platform.

“We are excited to work with Agents National Title Insurance Co. to empower them to complete closings more efficiently and support their rapid growth,” said Nate Baker, chief executive officer of Qualia. “This integration with ANTIC and their agent partners will provide the infrastructure to collaborate more effectively and make home closing more transparent and efficient.”’

The partnership also gives ANTIC’s network of title agents direct access to their jackets, CPLs, rates, and forms through Qualia. According to Qualia, agents will no longer have to enter data into both systems to complete title work.

“Our title agents are the heart of our

Insurance

Florida company selling asteroid insurance ahead of Nov. 2 fly-by

By Jacki Roig 4 days ago

Florida company has sold thousands of ‘alien abduction insurance’ policies and paid out on 1

A Florida company that gained viral attention for selling alien abduction insurance is now selling asteroid insurance just in time for a space rock set to fly by Earth one day before the 2020 election.

Altamonte Springs, Fla. – Scientists have said that an asteroid roughly the size of a school bus is headed for Earth, one day before Election Day. While the celestial object, known as 2018 VP1, is not expected to collide with our planet, there is a way to make sure you’re covered just in case: purchasing asteroid insurance.

RELATED: Asteroid headed near Earth the day before Election Day

Mike St. Lawrence, who owns the Saint Lawrence Agency in Altamonte Springs, Florida became a viral sensation when news broke of a limited or comprehensive alien abduction insurance policy his agency sells.

St.

Insurance

Dialysis patient left to fend for himself after Oriental insurance company dithers on settling claim

By Jacki Roig 1 week ago

Srinagar: A dialysis patient has accused a reputed insurance company of dragging its feet on settling his health insurance claim for the last eight months.

Badr Mohiudin, 70, suffers from severe renal disease and was asked by the doctors to undergo regular dialysis.
The patient said he is meeting the expenses of his treatment from his own pocket despite buying a health insurance policy from Oriental Insurance Company.

“My policy number is 262300/48/2020/480. The insurance also covers the expenses for kidney transplant. But they haven’t settled my claim since January. During all these months I have been undergoing dialysis, which costs me over Rs 30,000 a month,” Mohiudin told The Kashmir Monitor.

He said the insurance company has been delaying the process of setting the claim despite completing all the formalities.

“They told me to send some documents, which I shipped through a Blue Dart courier company. What they claim

Insurance

Should You Let Your Insurance Company Track Your Driving?

By Jacki Roig 2 weeks ago

Auto insurance companies are increasingly offering “usage-based insurance” rates that rely on cellular or GPS devices to monitor how you drive. These rates can offer significant discounts from what your traditional auto insurance might offer, but there are also trade-offs. Here’s what you need to know to decide if usage-based insurance is right for you.

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Why You Should Avoid Health Sharing Ministries

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What is Usage-Based Insurance?

Usage-based insurance—0r UBI—uses devices known as telematics, which are typically a mobile app or gadget plugged into your car’s dashboard. These devices collect and transmit data about your driving behavior including your vehicle’s location, speed, distance, harsh braking, seat belt usage, fuel consumption, battery voltage, and engine data. Some UBI programs use telematics for a few months, while others are continual.

Telematic data differs from traditional auto insurance, which bases its rates on factors like your age,

Insurance

Insurance Company Uses Artificial Intelligence to Promote Worker Safety — Occupational Health & Safety

By Jacki Roig 2 weeks ago

Insurance Company Uses Artificial Intelligence to Promote Worker Safety

Artificial intelligence will offer ergonomic assessments to employers.

By Nikki Johnson-Bolden
Sep 30, 2020

Travelers Insurance Companies has started using artificial intelligence to administer ergonomic assessments, according to Insurance Journal.

The company claims to be the first of its kind to provide this kind of service, which combines AI technology and ergonomic research to identify potential risk factors based on a video of an employee completing a task. The software produces a report based on the video, then an employee from Travelers develops an alternative, safer plan for the worker to follow.

These ergonomic assessments are geared to enhance worker safety and reduce the number of workplace injuries.

AI can reduce the time spent assessing problems “from days to hours, enabling our specialists to focus their attention on developing tailored workplace improvements for our customers,” said Marty

Insurance

Digital Insurtech Company Next Insurance Raises $250 Million

By Jacki Roig 2 weeks ago

Leading digital insurtech company Next Insurance announced that it has raised $250 million in Series D financing led by CapitalG

Leading digital insurtech company Next Insurance announced that it has raised $250 million in Series D financing led by CapitalG (Alphabet’s independent growth fund) with participation from FinTLV and existing investor Munich RE Group. CapitalG Partner Sumiran Das will join the Next Insurance Board of Directors.

Including this round of funding, Next Insurance has now raised $631 million to bring simple and affordable insurance products to the American economy’s most important growth engine: small businesses and the self-employed. And Next Insurance’s technology-first approach drives down costs by up to 30% compared to traditional policies. Other examples of Next Insurance company momentum in 2020 include:

— Gross Written Premiums (GWP) increased year-over-year by 133% and the company recently recorded $750,000 in GWP in a single day, a 75x increase in three

Insurance

Insurance company won’t cover much of Whitehall Junior-Senior High School water damage | Local

By Jacki Roig 3 weeks ago

Whitehall Junior-Senior High School damage — Seen here is damage to Whitehall Junior-Senior High School from the storms on Aug. 24. The district’s insurance company said Thursday that much of the damage was from flooding, and not water and sewer backup, so it would not be covered.

Michael Goot

WHITEHALL — Whitehall school officials received news on Thursday afternoon that its insurance company was denying much of its claim for the significant damage to the junior-senior high school building from the August storms.

Superintendent Patrick Dee said New York Schools Insurance Reciprocal informed the district that it has determined that the property damage is the result of flooding and not the backup of the sewer and drain systems in and around the building, as the district and its engineers had determined.

“We vigorously disagree with this assertion and will continue to discuss this with NYSIR,” Dee said in an email on Thursday evening.

The school was

Personal

Restaurant owner sues insurance company over COVID-19-related coverage

By Jacki Roig 3 weeks ago

The owner of M-Brew and Dino’s Lounge in Ferndale allege that their business interruption policy with Cincinnati Insurance Company did not have a virus exemption

The owner of two popular Ferndale restaurants, M-Brew and Dino’s Lounge is suing Cincinnati Insurance Company, alleging the company refused to pay claims related to losses stemming from the COVID-19 pandemic.

Dino Drop filed a federal lawsuit in the Eastern District of Michigan this week alleging the Ohio-based Cincinnati Insurance Co. “has refused to honor its promise to provide the protection that plaintiffs purchased.”

“Plaintiffs purchased an all-risk commercial property insurance policy … from defendant to protect the business in the event of property loss and business interruption for the period of August 28, 2019 to August 28, 2020,” reads the suit. “Among other coverages, the policy provides coverages for loss to the structures and

Insurance

San Antonio apparel company takes to Facebook to rebut founder’s allegations

By Jacki Roig 3 weeks ago

SAN ANTONIO – San Antonio-based Grunt Style LLC responded Wednesday on its Facebook page to founder Daniel Alarik’s claims he was ousted from the company without health insurance, which was reported by the Business Journal Tuesday.

“What started off as a private matter has entered into the public arena, and you deserve some answers. This is a very sensitive matter for all parties involved, so our apologies for not responding as we put the facts together,” the Facebook post said.

The patriotic-themed apparel company laid out a timeline beginning in June 2019, saying that it “was in a financial crisis that began years prior and a transaction occurred allowing the company to continue to operate.”

According to the company’s post, Alarik stepped down as CEO but remained a lead executive, becoming board chairman with a voice in the company’s overall direction.

From then until January, Grunt Style said that Alarik

Insurance

Dallas Park Cities Flexible Office Company Venture X at Campbell Centre CEO Explains Coworking

By Jacki Roig 3 weeks ago

09/25/2020, Dallas // KISSPR //

Why Coworking Is Important in a Pandemic Explains CEO of Flexible Offices From Dallas

The coworking industry is changing rapidly, which has been the case for several years as the nature of work keeps evolving. More people than ever before are transitioning to a remote work lifestyle or a hybrid arrangement that has them in the office on some days and working from home or elsewhere on other days.

However, the coronavirus pandemic of 2020 has impacted all types of businesses and industries. Here is a look at how the year 2020 is changing coworking, as well as how coworking spaces can help businesses of all sizes navigate the pandemic.

1. Venture X Is A Thriving Place for Startups

Launching a new business has always been a costly endeavor. According to one study, the average cost of starting a new business is around $30,000.

For