Insurance

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

Coronavirus Refunds: Michigan Blue Cross Blue Shield Refunds $100M As Lockdown Slashes Medical Claims
Coronavirus Refunds: Michigan Blue Cross Blue Shield Refunds $100M As Lockdown Slashes Medical Claims
May 21, 2020  |  Healthcare

As the pandemic continues to disrupt everyday life the world over, some insurers are returning funds to their customers. Get the Full Story Complete the...

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Bitcoin Daily: US Bank Regulator Says Licensing Crypto Firms As FIs ‘Makes Sense’; Korean Luxe Retailers Pay Rewards Via Blockchain
Bitcoin Daily: US Bank Regulator Says Licensing Crypto Firms As FIs ‘Makes Sense’; Korean Luxe...
May 11, 2020  |  Bitcoin

U.S. Office of the Comptroller of the Currency (OCC) Chief Operating Officer Brian Brooks said he thinks digital currency firms could go under a federal...

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Coronavirus Refunds: Auto Insurers Give Back Premiums; UNH Refunds $27M+ To Students
Coronavirus Refunds: Auto Insurers Give Back Premiums; UNH Refunds $27M+ To Students
April 24, 2020  |  Coronavirus

The coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things they paid for but aren’t able to...

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Deep Dive: How Insurance Fraud Hurts Both Companies And Consumers
Deep Dive: How Insurance Fraud Hurts Both Companies And Consumers
April 23, 2020  |  Fraud Prevention

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Auto Insurance Premiums’ Big Digital-First Shift
Auto Insurance Premiums’ Big Digital-First Shift
April 23, 2020  |  Innovation

The coronavirus has forced a reckoning with daily financial life, with belt-tightening and budgeting. Get the Full Story Complete the form to unlock this article...

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How Allstate Leverages AI To Show Insurance Fraudsters The Door
How Allstate Leverages AI To Show Insurance Fraudsters The Door
April 22, 2020  |  Fraud Prevention

Fraudulent claims in the U.S. account for more than $80 billion in payments a year, with legitimate customers paying higher premiums to make up for...

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Today In Payments: Public Businesses Reap PPP Relief; Grab CEO Says Company Facing ‘Tough Decisions’
Today In Payments: Public Businesses Reap PPP Relief; Grab CEO Says Company Facing ‘Tough Decisions’
April 21, 2020  |  News

In today’s top news, millions of dollars from the Paycheck Protection Program (PPP) have not gone to benefit small and medium-sized businesses (SMBs), and the...

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Allstate On Using AI To Fight Insurance Claims Fraud
Allstate On Using AI To Fight Insurance Claims Fraud
April 21, 2020  |  Fraud Prevention

Cybersecurity experts are scrambling to fight the sheer number of different digital fraud forms that are on the rise, and the ongoing COVID-19 pandemic has...

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Restaurants And Insurers Square Off In Battle Over Pandemic Payments
Restaurants And Insurers Square Off In Battle Over Pandemic Payments
April 19, 2020  |  Economy

A lobbying effort has pitted the restaurant industry against insurers as the American economy attempts to find its way out of the coronavirus pandemic, according...

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