I Without humans to cause accidents, 90% of risk is removed. Insurers are scrambling to prepare. Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his premiums would rise. “They quoted me […]
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The enabling technology for insurers to use AI is the ‘ecosystem’ of sensors known as the internet of things. It’s a new day not very far in the future. You wake up; your wristwatch has recorded how long you’ve slept, and monitored your heartbeat and breathing. You drive to work; car sensors track your […]
When you first buy a house, your insurance company doesn’t know very much about it or how much insuring it will cost. That’s because it first has to send out an inspector to look at the exterior of your house, take measurements, and check out your roof to see what kind of shape it’s in. […]
For Peter Cram, an American internist who spent most of his career practicing in Iowa City, Iowa, moving to Toronto in 2014 was an easy decision. He says he is among a handful of American doctors who went north to practice in Canada’s single-payer system. Now he doesn’t worry about whether his patients can afford […]
Property insurance firms like State Farm and Allstate are preparing to use drones to inspect commercial and residential properties in Texas and Louisiana they insure that were damaged by Hurricane Harvey, according to Slate. The companies expect to start inspecting properties early next week, once the storm completely subsides.