Partnering with360Globalnet*, a provider of digital products and services, Allianz has developed Allianz Site View to allow both personal and commercial property customers to instantly share information about their claims, Allianz Insurance said in a statement. When a customer provides notification of a claim, an Allianz Site View link can be sent via SMS or email. The customer can then choose to upload images, documents, video clips or start a live video feed, at a time which is convenient for them, Allianz explained. During the pilot, the speed of this technology enabled Allianz to settle

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To Relate or Not to Relate? Policyholders often face significant financial consequences depending on whether claims are related. As noted, the number of claims may affect the number of deductibles that the policyholder must pay, the limits available to the claims adjusters insured, and whether it even will have coverage. For example, if claims are related, and the first such claim was made in a year where policy terms were not favorable, or the coverage has been exhausted by other claims, the policyholder would end up with little or no coverage. Conversely, if that earliest policy had the

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"It's probably about three or four times more busier than normal," said Jared Martin, manager of Rocky Top Recycling. Some are cleaning up on their own, but others have to rely on insurance companies for help. "We got a handful of claims so far. The claims are still coming," said John Hall, a State Farm insurance agent. The average cost for damage is thousands, but Hall says your insurance rate won't necessarily go up. "We look at what's happened over the past year in terms of total losses total claims and compare that to what's predicted to happen in the future," he said. It's too early to

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The lack of transparency of the claims and the lengthy process makes the claimant feel frustrated about it. The claim processes cost the industry more than 15 percent of the total indemnity payout annually. The company uses mobile, AI and video communication platforms to speed up processing claims. The mobile platform lets customers document their loss and go through claims details. The AI uses info from the insurers past years along with current data to estimate the cost of the claim based on images, data and a third-party pricing database. For more complicated claims, the agents can use the

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"We are paying sizeable claims, sometimes writing eight-figure checks in different geographies." AIG shares are down 9% in 2017 so far, while the S&P 500 SPX, +0.76% has gained 4.4%. Back to Top Copyright 2017 MarketWatch, Inc. All rights reserved. By using this site you agree to the Terms of Service , Privacy Policy , and Cookie Policy . Intraday Data provided by SIX Financial Information and subject to terms of use . Historical and current end-of-day data provided by SIX Financial Information. Intraday data delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company,

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