Beneath the Surface: Why Insurers Should Look Beyond “the Tip of the A.I. Iceberg”
Nearly 75% of respondents in a recent survey from the Coalition Against Insurance Fraud and Shift Technology said they believe that among relevant technology, artificial intelligence (A.I.) will have the greatest impact on claims and fraud detection over the next five years.
However, Coalition Against Insurance Fraud Executive Director Matthew Smith says this is likely just the beginning in terms of A.I.’s impact on the insurance industry.
“We are literally at the tip of the A.I. iceberg in 2020,” he says. “Insurers are just starting to use it.”
While incumbent insurance providers continue to get disrupted by startups like Lemonade, Alan, Clearcover, Pie and many others applying tech to rethink how to build a business around helping people and companies mitigate against risks with some financial security, one issue that has not disappeared is fraud. Today, a startup out of France is announcing […]
Calif. court opinion goes in favor of A.B. 5 applying to trucking
While a larger trucking case against California’s A.B. 5 law s application to motor carriers and owner-operators is still unfolding in a federal district court, a second state court in California has ruled that federal law does not preempt a law that would effectively outlaw the leased owner-operator model in the state.
Trucking has been operating under an exemption from A.B. 5 since the beginning of 2020, when the law went into effect. A lawsuit by the California Trucking Associations against A.B. 5 is still in progress, and an injunction is in place until that lawsuit plays out.
Truckers and Insurers Form Partnership to Fight Tow Truck Scams
Insurers are teaming up with truckers to persuade state lawmakers to pass laws that they hope will cut down on fraud by tow truck operators.
The Coalition Against Insurance Fraud announced Monday that it has formed a partnership with the American Trucking Association and the American Property Casualty Insurance Association to focus policymakers’ attention on the problems.
Coalition Executive Director Matthew Smith said commercial trucking companies are frequently victimized by unscrupulous tow truck operators who charge outrageous fees. Smith said drivers are sometimes billed $20,000 or even $40,000 for a tow and are unable to get their vehicles off the tow operator’s lot unless they pay it.
Apr 06, 2021
A second state court in California has ruled that federal law does not preempt that law that would effectively outlaw the leased owner-operator model in the state.
Trucking news and briefs for Tuesday, April 6, 2021:
Another Calif. court opinion goes in favor of A.B. 5 applying to trucking
While the trucking industry’s larger case against California’s A.B. 5 law on motor carriers and owner-operators is still unfolding in a federal district court, a second state court in California has ruled that federal law does not preempt a law that would effectively outlaw the leased owner-operator model in the state.