Schaefer City Technologies LLC

Is social inflation uncontrollable in the U.S.? In his May 2024 article, Ernst & Young Senior Manager Michael Curcio, AIC, AINS illuminates the “6 Ways Claims Industry Can Mitigate Social Inflation,” explaining that carriers must have access to and utilize data to inform what he calls their defend vs. settle strategy. “Traditionally, carriers will evaluate cases at an early stage, often well before mediation or settlement negotiations. However, with all the data at their disposal, evaluations should begin as soon as the claim is reported through combinations of claim characteristics and the use of leading metrics. Carriers should use their data to thoroughly understand and proactively identify higher risk claims and prioritize them with their highest-skilled litigated claim handling employees.” Social inflation is controllable, contrary to popular belief, but only, as Mr. Curcio says, through a culture of proactively evaluating claims. To be successful, carriers need the tools (Read: DATA) to proactively identify higher-risk claims so they can act upon them to make informed decisions. Schaefer City Technologies LLC has created the tools by developing AI solutions to inform carriers’ defend vs. settle strategies so we can all stop rampant Nuclear Verdicts® and social inflation. #NuclearVerdicts #socialinflation #AIsolutions #Insurancecarriers Check us out at www.schaefercitytech.com, and read Mr. Curcio’s full article at https://lnkd.in/gFnx7nmk

What’s your exposure to Nuclear Verdicts®? Don’t guess—know it. The Nuclear Verdicts® Exposure Calculator delivers clarity where it matters most... Saving carriers BILLIONS. Learn More https://lnkd.in/gUk4d_Hf #NuclearVerdicts #InsuranceCarrier #NaVel

My brother and I grew up in NYC in the 70s and back then there was a beer that our father drank, Schaefer beer. They had a series of TV commercials and a slogan that said “you’re sitting pretty in Schaefer City” which meant “you’ve made it”, “you’re successful”. Whatever your definition of success was when you got there you were sitting pretty in Schaefer City and our dad thinks that about us so the name just makes sense! #SchaeferCityTech #NaVel #AITechnology https://lnkd.in/gUk4d_Hf

Thank you, Digital Insurance, for publishing Schaefer City Technologies LLC CEO Denise Tyson recent article, “The Risk and Reward of Insurtech in Combating Nuclear Verdicts.” In the article, Denise explains how new technologies can simplify, streamline, and strengthen insurers’ defenses and stop the proliferation of Nuclear Verdicts®. The critical questions are asked and answered: ❓ What if the insurer was not surprised by a nuclear result?  ❓ What if the insurer adapted by using new technology?  ❓ What if claims professionals were alerted early in the life of a file, and periodically throughout it, of the file’s risk of going nuclear?” Denise also touches on the very real concern that AI/Insurtech will replace humans and how this fear holds companies back from adopting technologies that may support their people… not replace them! Read the full article at https://lnkd.in/gRtnJz2g #NuclearVerdicts #Insurtech #AITechnology #defense #Risks

The Women in Tech Conference kicks off on January 25 in Villanova, Pennsylvania, and our Schaefer City Technologies LLC CEO Denise Tyson will be back on campus to attend! This year’s conference – VU Women in Tech’s 10th anniversary – focuses on shared experiences, opportunities for women in technology, and motivation for those waiting to jump in. As a woman-owned business, Schaefer City Tech is pleased to take a seat at the table and explore ways to elevate women in the technology field. #WomenInTech #Insurtech #VillanovaUniversity #VuWomenInTech https://lnkd.in/giGfUFmC

We’re excited about the RISE Professionals Richmond Pop-Up Event on January 16, hosted at Richmond National Insurance Company’s new office! Craig Smith, Schaefer City Technologies LLC will be there—will you? Let us know, and Craig will be sure to connect with you! #RISEProfessionals #NaVel #InsurancePros #schaefercitytech https://lnkd.in/eY6Q5yAW https://lnkd.in/gaHRvmSb

Everyone at Schaefer City Technologies LLC is deeply saddened by the tragic fires happening across Los Angeles. Our hearts are with our LA colleagues and communities at this time. #LosAngelesfire #LAFires #fire #californiafire #LosAngeles #wildfire #CaliforniaWildfires #LosAngelesWildfire

We are looking forward to the RISE Professionals Richmond Pop-Up Event, January 16 at Richmond National Insurance Company’s new office! Schaefer City Technologies LLC’ Craig Smith will be there… Will you? Let us know below and Craig will look for you there! #RISEProfessionals #NaVel #InsurancePros #schaefercitytech  https://lnkd.in/eY6Q5yAW

It only takes a minute to find out your exposure risk -- for free -- with Schaefer City Technologies LLC’ Nuclear Verdict® Exposure Calculator. Why wouldn’t you want to know your Nuclear Verdict® Exposure Risk? See your results today and take the first step to saving your company literally BILLIONS of dollars! Complimentary access awaits, and all it takes is a minute of time! https://lnkd.in/gChzu5MU #NuclearVerdicts #ExposureRisk #Calculator #NaVel #claims

🎄 The 12 Days of Stopping Nuclear Verdicts® with Schaefer City Technologies LLC ! 🎄 2025 is right on the doorstep, which got us thinking of all we hope to do for carriers and the industry through AI and insurtech in the coming year. This made us ponder, “What are the holidays if not an opportunity for a classic countdown?” Schaefer City Tech is here for it, bringing you: The 12 Days of Stopping Nuclear Verdicts®!   What are the holidays if not an opportunity for a classic countdown? Schaefer City Tech is here for it, bringing you: The 12 Days of Stopping Nuclear Verdicts®! On the first day of 2025, Schaefer City brought to me A free calculator exposing risk in the industry.   On the second day of 2025, Schaefer City gave to me A 30-minute demo on what AI can do for me (and my company).   On the third day of 2025, Schaefer City shared with me Proof of concept data on my recent claims. (Ok, it actually works!)   On the fourth day of 2025, Schaefer City brought to me A simple integration working with my existing technology.   On the fifth day of 2025, NaVel® immediately brought to me “Low Risk Probability!” (Phew!)   On the sixth day of 2025, NaVel® updated me “More info made my claim more risky!”   On the seventh day of 2025, NaVel® alerted me “Oh no, high probability risk is likely!” (Rush to my manager to discuss!)   On the eighth day of 2025, Bobbi the chatbot brought to me All the Nuclear Verdict® answers I might need. (Ask Bobbi on the website!)   On the ninth day of 2025, Schaefer City brought to me Insurtech to the rescue = Millions of dollars in savings!   On the tenth day of 2025, Schaefer City brought to me Greater effectiveness for my claims teams.   On the eleventh day of 2025, Schaefer City brought to me Peace of mind for my customers and customers-to-be.   On the twelfth day of 2025, Schaefer City said to me: We are eternally grateful for you and the insurance industry!   From all of us at Schaefer City Technologies, we are incredibly grateful for the time and interest you have shown in us this year. We wish you a happy, joyful, and Nuclear Verdict®-free 2025! https://lnkd.in/gaHRvmSb #SchaeferCityTech #NaVel #StoppingNuclearVerdicts #Insurtech #HappyHolidays2025