The number of web-connected devices that make up the Internet of Things (IoT) is expected to quadruple by the year 2018 from 1.9 billion devices in 2014. From parking meters to home thermostats, IoT will represent 9 billion devices globally by 2018. How will IoT influence homeowners and auto insurance? First, a definition: Internet of […]
Steve Lekas, vice president, Property Product Management, Verisk Insurance Solutions, is responsible for product development and management strategies for property lines as well as leading the development and launch of innovative property products. Before joining Verisk, he was director of homeowners Product Management and Actuarial at Esurance (an Allstate company).
Posts by Steve Lekas
At the start of a new year, we review the past and speculate about the future. As you consider how homeowners insurance may change in the coming years, we thought it would be fun to share a look back at how homeowners underwriting has evolved since the advent of the first U.S. insurance policy in […]