Fraud accounted for $6 billion in losses to insurers and government agencies after Hurricane Katrina, but AI-based verification has come a long way since 2005.
As the North Atlantic hurricane season typically has a secondary peak around mid-October, businesses need to remain vigilant about protecting their premises and people.
Although it will take time to sort through the wreckage of Hurricane Ian, it already seems clear it will mark a turning point in how we prepare for such mammoth storms.
By improving weather modeling and assessing past catastrophes, insurers can use predictive analytics to provide better support to customers during difficult times.