Schaefer City Technologies LLC

Denise Tyson recently sat down with The Insurer TV to talk about what’s going on at the state level with Nuclear Verdicts® and the likelihood the new administration will impact social inflation: “Nuclear Verdicts® are happening in state courts at the state level.. so there’s no real direct correlation between [Trump’s presidency and curbing social inflation],” Denise explains. She goes on to say that, despite what one might think, conservative states are not necessarily more likely to accept caps to noneconomic damages. “It’s not a red or blue decision. It’s really, right now, by line of business. #NuclearVerdicts #socialinflation #Insurance Watch the full interview at https://lnkd.in/gTsMX2BF #Schaefercitytech https://lnkd.in/gaHRvmSb

The biggest issue facing the insurance industry is bad PR! Even though everyone knows all the mascots – the gecko and the emu and Jake, just to name a few – it doesn’t stop the general public thinking insurance companies are “bad”. Without insurance the world, at least the US, would be in chaos. Imagine if you didn’t have car insurance and you got into an accident and you were responsible for fixing your own car and paying your own medical bills, out of your pocket? Who could do that? Not many people!  What people need to understand is everyone pays for Nuclear Verdicts® not just the insurance companies. Premiums go up, medical costs increase, the price to repair your car goes up. All of those costs are passed along to the consumer. Nuclear Verdicts® are bad for the economy. #NuclearVerdicts #Insurance #NaVel

Nuclear Verdicts® in the U.S. have escalated, with 27 cases surpassing $100 million in 2023 alone!   Swiss Re reports that social inflation reached a 20-year high of 7% last year, largely driven by mega-jury awards, especially in sectors like trucking and construction. This trend has resulted in underwriting losses, rising premiums, and reduced insurance capacity. Insurers are curtailing liability coverage to limit exposure, impacting companies’ access to affordable insurance.   With litigation funding and psychology-driven trial strategies fueling high awards, Swiss Re’s report on social inflation and litigation trends warns of potential insolvencies and calls for using technology to curb escalating claims.   Are you ready to stop the madness of Nuclear Verdicts®? Read the article and then let us show you how AI can help claims professionals save BILLIONS! #NuclearVerdicts #AI #litigation #insurance #Schaefercitytech

AI and machine learning are revolutionizing how insurers manage growing challenges of assessing and mitigating risk. Don’t believe us? Well, a recent study by ZestyAI that focused on extreme weather events found that "AI will be a crucial enabler for realizing profitable growth going forward," with over 73% of insurance executives agreeing on its power to better handle climate-related losses. But it’s not only climate related losses that are at risk! Astronomical Nuclear Verdicts® are happening everywhere and across lines of business. “AI has an incredible capacity to transform the insurance industry by enhancing the capability of carriers to protect the assets and wellbeing of policyholders in an increasingly complex world,” said @Attila Toth, founder and CEO of ZestyAI. Schaefer City Technologies LLC agrees! We believe insurers must embrace AI to stay competitive. Moreover, we are equipping insurers with the tools to make data-driven, predictive decisions that protect their clients and business against previously unpredictable outcomes. https://lnkd.in/eqcftew6 #Insurance #AI #Insurtech #SchaeferCityTech #NuclearVerdicts

Schaefer City Technologies LLC grew out of a question one of my co-founders, my brother Robert Tyson, asked me – “Do you think it is possible to spot a Nuclear Verdict® in a live claim file?” My answer was yes! Bob, a trial attorney who defends insurance companies against Nuclear Verdicts®, wrote NV: "Defending Justice for All" four years ago. As he discussed his book across the country, he was repeatedly asked, “How can I tell if I have a potential NV in my inventory?” With the right data and people, we solved this problem, launching NaVel® – and the response has been phenomenal! #Navel #NuclearVerdicts #Insurance #Claims https://lnkd.in/gnYPu3aa

What do the data show for your exposure risk? Isn’t it time you had that information at your fingertips?    Schaefer City Technologies LLC has the solution: The Nuclear Verdicts® Exposure Calculator is here!    The Nuclear Verdicts® Exposure Calculator is a complimentary tool that offers insight into your company’s exposure risk for a particular state, line of business, and for varying portfolio sizes.    We think the results will be eye-opening!    All carriers are at risk of a Nuclear Verdict®, and it only takes one to cause major damage to the company’s bottom line.    As a leader, shouldn’t you know what your exposure risk is so you can make better decisions? Find out with the Nuclear Verdicts® Exposure Calculator at https://lnkd.in/gChzu5MU.    #Insurtech #AI #NuclearVerdicts #ExposureRisk #NaVel #calculator

When a legend meets a legend at #ITCVegas! Robert Tyson and Curtis Goldsborough, aka Lo$$ Ratio, together in the same space? It’s a good thing business development legend, Jordann Rawls Reis, was there to witness it! We’re still reeling from our amazing time at InsureTech Connect 2024, sharing with everybody how NaVel™ helps carriers identify, mitigate, and reduce the #risk of Nuclear Verdicts®. We’re talking about astronomical, multimillion-dollar jury verdicts hiding in your live #claim files. Get alerted to your Nuclear Verdicts® Exposure Likelihood with NaVel™. If we missed you at ITC Vegas, reach out today for a 30-minute demo that could save carriers $$💵BILLIONS💵$$ ! #NuclearVerdicts #NaVel #LossRatio    Thanks for sharing time with us, Curtis Goldsborough! https://lnkd.in/gaHRvmSb

🏆 Thank you, PropertyCasualty360, for honoring Schaefer City Technologies LLC with a 2024 Insurance Luminaries Award in the Technology Innovation category! 🏆 Insurance Luminaries celebrates excellence across the industry, spotlighting efforts that drive meaningful change and push boundaries. We are thrilled for NaVel™ to receive this recognition. “This award reflects our dedication to developing innovative AI-driven technology solutions that empower insurance executives and claims professionals with data that directly impacts an insurer’s bottom line,” said CEO Denise Tyson. Learn more about what makes Schaefer City Technologies an Insurance Luminary here: https://lnkd.in/gXaPMjDv #InsuranceLuminaries #Insurtech #NaVel #TechnologyInnovation #AIsolutions

Denise Tyson, one of our Founders and our Chief Executive Officer! Denise brings unparalleled expertise to Schaefer City Technologies LLC. As a financial and operational management maven with a rich background in the insurance and insurtech industry, she's been the driving force behind bringing NaVel™ to life. Like many other Insurtech companies right now, Schaefer City is using AI and machine learning tools to help the insurance industry be more efficient and effective. Our SaaS product, NaVel™, uses a machine learning algorithm to identify, manage and reduce the #risk of a Nuclear Verdict® in a live claim file. Historically, Nuclear Verdicts® arose out of trials and lawsuits, but with NaVel™ we provide an early warning system to the adjusters alerting them when certain attributes are existing together in a claim file that tend to drive a Nuclear Verdict®. This allows adjusters to do something different, to change the course of the claim and to avoid a trial and therefore, avoid a Nuclear Verdict®. https://lnkd.in/gaHRvmSb #NuclearVerdict #NaVel #AISolution

🌟 What an incredible experience at InsureTech Connect 2024!🌟 The team at Schaefer City Technologies LLC was thrilled to showcase our groundbreaking NaVel™ software, designed to predict skyrocketing jury verdicts--Nuclear Verdicts®!--and save insurance carriers BILLIONS in litigation losses. The excitement around our AI-driven solution was palpable, and the conversations we had with industry leaders were nothing short of inspiring. A huge thank you to everyone who attended our demo sessions and showed interest in how we’re revolutionizing the insurance industry with cutting-edge technology. If we missed you at ITC or if you want to dive deeper into learning what NaVel™ can do for your organization, we’d love to connect. 💡 The future of managing claims risk is here, and we're proud to be leading this transformation! 💡 Request a demo at info@schaefercitytech.com #Insurtech #NaVel #TechnologyInnovation #AIsolutions #ITC2024 #ITCVegas