Reserv, a leading player in AI-driven insurance claims processing, has successfully closed a $20 million Series A funding round. This substantial financing will fuel the expansion of Reserv’s generative AI claims data analysis tools, solidifying their position as a frontrunner in the insurtech space. Details of the Funding Round The Series A funding round was co-led by Altai Ventures and
The widespread nature of sports gambling and its easy accessibility through mobile phones and computers present potential challenges for employers. While many individuals can engage in gambling responsibly, the prevalence of sports gambling increases the likelihood of encountering problems within the workplace. This article will examine the risks that arise when employees have a gambling problem and discuss strategies employers
In fiscal year 2023, the U.S. Equal Employment Opportunity Commission (EEOC) made headlines by filing an unprecedented number of employment discrimination lawsuits. With 143 cases filed, this has become a pivotal year for the agency, indicating a remarkable increase in litigation activity. Among these lawsuits, 25 were systemic cases, showcasing the highest number filed in the past five years. This
In today’s rapidly advancing technological landscape, industries across the board are embracing new technologies to enhance their operations. The insurance industry, too, has experienced a wave of innovation in recent years with the emergence of Insurtech. In this article, we will explore the impact of Insurtech on the insurance landscape, delving into its various applications and benefits. Online and Mobile
In today’s rapidly evolving digital landscape, Insurtech has emerged as a game-changer in the insurance sector. Defined as the application of technological innovations in insurance, Insurtech aims to streamline processes, enhance efficiency, and provide superior customer experiences. By leveraging automation, big data, analytics, and artificial intelligence (AI), Insurtech is reshaping the traditional insurance industry to meet the ever-changing demands of
The insurance industry has always been known for its complex processes, lengthy paperwork, and time-consuming claims procedures. However, advancements in Artificial Intelligence (AI) are now dramatically transforming the way insurance companies operate. By harnessing the power of AI, insurers can not only improve their customer service and streamline processes but also minimize risk. In this blog post, we will explore
The California Labor Commissioner’s Office (LCO) has recently delivered a significant blow to five Wingstop restaurants and their owner, establishing that they must pay a staggering $3,161,606 for various wage theft violations that directly affected the earnings of 551 hardworking employees. This case sheds light on the prevalent issue of wage theft plaguing the low-wage industry, particularly franchised fast-food restaurants,
The insurance industry is undergoing a significant transformation with the advent of big data. The ability to harness vast amounts of information and leverage advanced analytics tools and techniques has opened up new opportunities for insurers to enhance their services and gain valuable insights. In this article, we explore how big data is revolutionizing the insurance sector in various ways.
In a significant achievement, CoverGo, the leading global SaaS no-code insurance core platform, has been granted a patent for its groundbreaking technology. This patent marks a major milestone for the company, providing legal protection for its platform as it continues to expand globally. Overview of CoverGo’s Patented Technology CoverGo’s patented technology revolutionizes the way insurance products are configured through interactive
In a recent legal case, a New York court has made a significant ruling, ordering an employer to restore the employment status of an employee who alleged entitlement to two years of leave following an assault at work. This case brings attention to the rights of employees who have experienced workplace violence and highlights the legal provisions that protect victims.
In a recent case involving Hyatt, the 9th Circuit Court of Appeals has ruled that the company violated California labor law by failing to promptly pay out vacation time to its laid-off employees. The court’s decision comes after it found that Hyatt’s decision to delay payment until June 2020, when the employees were formally terminated, was in violation of the
In a recent case, allegations made by an employee against a Human Resources (HR) director have been dismissed by an appellate court. The employee claimed that the HR director engaged in various timekeeping violations, including failing to clock out, editing timekeeping entries without supervisor approval, and attempting to tamper with the timekeeping system during an investigation. This article will delve
