There is a growing fear that if the evolution of artificial intelligence (AI), automation and Internet of Things (IoT) becomes fully developed and operational, it could eliminate many jobs throughout the insurance industry and the world. However, many surveys still show mixed reactions about the future affects. It is an undeniable fact that most of the current jobs will be automated for the sole purpose of efficiency. As a result, this will have both positive and negative effects on the retail, food, medicine, hospitality and insurance industries. The focus of this article will dive into the effect of AI, automation and IoT on the personal lines insurance industry.

A disability can impact anyone’s lifestyle in several different ways. Depending on the severity of the disability, a person may need to stop working because they cannot complete the required tasks anymore. To help provide support to this group of individuals, the Social Security Administration has a program that helps relieve the financial situation a disability might cause. In this article you will learn more about the Social Security Disability Program and how it operates to benefit the disabled.

It is hard to prepare for your or your spouse’s death since no human being likes thinking of it happening. However, we must put that hardship aside to help secure a prosperous future for the surviving party. How can you make sure that they receive the best out of this benefit in case it is triggered? Who is considered a surviving party? What happens when no surviving party is eligible for the benefit? Don’t worry if these questions overwhelm you. They might seem complicated at first, but when you understand the principles, it will become easier.

Most of us are expected to receive Old-Age benefits when we retire by contributing to the OASI Trust Fund. These contributions will blossom differently depending on many variables that we all should consider. Throughout this article, I will discuss some of these variables and explain how you can use them to secure a better position when you decide to retire.

Moving can be an exciting new venture in your life, but buying or selling a home can raise questions about your homeowner’s insurance policy. How does your policy change from house to house and what steps can you, as a homeowner, take to ensure that all your insurance needs are taken care of without gaps in coverage? With a couple of simple steps and reminders, this move can transition seamlessly and ease some of the struggles and concerns associated with this confusing and often-unchartered territory.

Imagine this - You wake up after a short, interrupted sleep. It is 6 AM, and you’re dreading the office today remembering your workload. As you close your front door, the robo-taxi arrives. Inside, you open your laptop and receive a 20-minute head start on your work emails. Sounds great, right? Unfortunately, this won’t be happening anytime soon. While, in recent years, auto executives have made claims that there would soon be widespread usage of highly autonomous cars, it has proven far more difficult than anticipated.

Marijuana legalization has quickly jumped to the forefront of the most hotly debated topics in American politics. As public perception of the drug continues to become more and more positive, the question of marijuana’s legalization on a federal level has transformed from an ‘if’ into a ‘when’. Like any other rapidly rising industry, the lucrative and pervasive nature of the cannabis industry will surely have an impact on the many facets of personal lines insurance.

How long do you usually wait to see a doctor when you are feeling under the weather? Probably a long time! And for all that time spent on waiting, the average clinic visit in the United States only lasts 7 minutes for an established patient and 12 minutes for a new patient. Now imagine, a similar situation, but without the time spent driving, parking, and waiting. Telemedicine has been around for decades but is starting to become more well-known across the nation. It connects technology with healthcare to make it more convenient and accessible. With a world in a pandemic, and so many new social distancing guidelines, it creates a golden opportunity for telemedicine!

Over the past 6 months, The Insurance Informant has brought an article and corresponding podcast to our audience each week. We have acquired the knowledge necessary to build and run a website, social media platforms, and so much more! Along the way, we have learned and made mistakes, but one thing has held true - we are delivering on our promise to bring Insurance Information to a Modern Generation!

It doesn't get much better than walking into a cell phone store ready to make an upgrade on a phone that you've had for years. You may know exactly what you want and can quickly answer every question the sales associate asks - except for one: Would you like to purchase the insurance for your phone? Instantly, you freeze in your tracks! You know you have a terrible track record with breaking your phone, dropping it in water, and all sorts of other incidents. But is it a good idea to pay extra every month just in case? Will you come out ahead, or end up spending more in the long run?