CoreLogic just added hail, wind, and lightning weather forensics to their system, so they can offer near real-time verification of weather events at the individual property level.
This is a good example of how the emerging Internet of Things will improve the insurance business for customer and carrier alike. We need to match claims with facts, and smart sensors can provide us with the data we need to make the comparison. The less investigation we need to do, the faster and cheaper the claims process. People get better service. Opportunities for fraud and error shrink. Insurance Innovation Reporter
Comments