Skip to content
ASZ Risk Services Click to Text Click to Call
ASZ International, Inc.

200 Summit Lake Drive
Suite 220
Valhalla, NY 10595

Get Directions

The Emergence of Electric Vehicles and there Impacts on the World

Posted on by admin

As people search for alternative modes of transportation, electric vehicles (EVs) have become an increasingly popular option. EV production is on the rise, with many of the world’s automakers developing models with better features such as extended battery life and faster charging. In recent years, Tesla has led the path in the EV industry with the introduction of Model S, X, and 3, among others, quickly revolutionizing transportation as we know it. This blog post will discuss the impact EVs have had on the world, explaining the pros and cons of owning one and how they are changing how we commute.

The rise of EVs has several advantages that appeal to many people. First, powering your vehicle from electricity is cheaper than traditional liquids like gasoline or diesel since electric power costs less per mile. Second, EVs are extremely quiet and provide a noiseless ride. Lastly, government incentives and tax credits encourage people to use EVs.

Despite the many benefits of owning an electric vehicle, there are still many downsides. These include the high initial cost due to advanced battery technology, requiring charging infrastructure, limited range and battery life, and long charging times. Moreover, electric vehicles may not be suitable for areas without a powerful electrical grid. This duration of limited driving will extend the charging time, decreasing the convenience of owning an electric vehicle.

Self-driving technology has advanced such that we increasingly see cars with features for advanced safety like automatic emergency braking (AEB), adaptive cruise control, and lane departure warning among others. However, a study shows that such technology is still developing, and self-driving cars are not 100% safe. While people trust the self-driving vehicle taking over at every turn, data shows that accidents still happen. Concurrently, several difficulties are linked to self-driving cars, including hacking, safety concerns, and adoption by public law.

While electric vehicles may currently have downsides, they have the potential to transform our lives in numerous ways. As people’s confidence in EVs and self-driving technology continues to increase and expand, we can expect to see more benefits to individual commuters, national economies, and global living standards. Indeed, the rise of electric vehicles is gradually reshaping the automotive industry as we know it.

AI in the Future of Insurance

Posted on by admin

Technological advancements have revolutionized the insurance industry over the years, continually providing innovative solutions to meet customers’ diverse needs. With the rise of artificial intelligence (AI), insurance companies are experiencing unprecedented changes in the way they manage risks and handle claims. AI technology adapts to new information and makes decisions based on previously fed datasets, making it more efficient than humans. Therefore, it is no doubt that AI is a game-changer in the future of the insurance industry.

1. Claims Processing and Fraud Detection

One of the significant benefits of AI in the insurance industry is that it can process claims more quickly and accurately than humans. AI algorithms can detect fraudulent claims and reduce the cost of investigation and risk management. It can classify claims, decide which ones to prioritize, and allocate them to the appropriate professionals.

2. Predictive Analysis

Using AI technology for predictive analytics can help insurers to evaluate and assess the risks associated with insuring particular people or entities. This technology can involve scanning vast data sources or public records to identify high-risk individuals or businesses. By incorporating machine learning, AI algorithms can use that data to create customized policies that meet customers’ needs while mitigating the risk of loss for the insurer.

3. Chatbots and Virtual Assistants

When it comes to customer service, the use of chatbots and virtual assistants powered by AI is becoming increasingly popular. These solutions provide an efficient and cost-effective way to handle customer queries around the clock and significantly reduce the number of customer service calls. Customers can file claims, check their balances, and receive policy updates by simply typing in their inquiries.

4. Risk Assessment

Insurers can use AI to assess the potential risks associated with an individual or organization. It involves analyzing various data sources, such as driving records or social media, to create a profile of risk in real-time. This information informs the pricing of policies, as insurers can set premiums based on the data that indicates the likelihood of a claim being filed.

5. Improved Underwriting and Policy Customization

AI algorithms can analyze large amounts of data to accurately underwrite policies based on factors such as location, age, and occupation. This can help reduce costs and lower premiums for those who are considered lower risk. Furthermore, AI can provide a more custom-tailored policy that meets the customer’s needs, such as bundled coverage or targeted coverage for specific events.

It is no exaggeration to say that AI is transforming the insurance industry, and this is only the beginning. The benefits this technology can bring to insurance companies and consumers alike are limitless. AI-powered solutions are enabling insurers to increase efficiencies, reduce costs, and offer better-tailored policies. Customers have access to personalized, convenient, and on-demand services that make their lives easier. Soon, we can expect to see even more innovative applications of AI technology that will optimize almost every aspect of the insurance industry.

Legal Disclaimer: The information provided in this post does not constitute legal advice. It is intended for general informational purposes only. For specific legal matters, please consult with your attorney. Do not act or refrain from acting based on the information in this post without seeking legal advice from a qualified professional. The views expressed here are solely those of the individual authors and not of ASZ International, Inc. dba ASZ Associates. We disclaim all liability for actions taken or not taken based on the content of this post. The content is provided “as is” without warranty of any kind, and we make no representations regarding its accuracy.

Posted in AI

The Importance of Detecting Dirty Data in Insurance

Posted on by admin

Data is a critical component of the insurance industry, as it helps insurers make sound decisions in underwriting and claims management. However, not all data is created equal — some may be incomplete, outdated, or inaccurate, resulting in severe consequences for insurers and their policyholders. In this blog post, we’ll delve into the concept of dirty data and its implications in the insurance industry.

Dirty data can be defined as data that are inaccurate, duplicate, or incomplete, which can lead to mistakes and poor decision-making. A common example of dirty data in insurance is inaccurate customer information, such as misspelled names or wrong addresses. This can cause issues when policies need to be sent to the right person, or when a claim has to be settled at the correct address. For insurers, these errors can result in lost revenue due to missed premium payments or wrongful payouts of claims.

Another type of dirty data that can impact insurers is data that is outdated. This can occur when insurers fail to update policies with the latest coverage limits or terms in a timely manner, which can make it difficult to accurately assess risk in underwriting. Similarly, outdated data can also hinder the claims process, as it may be challenging to verify whether policyholders are still under coverage or to determine the extent of damages after an incident.

Incomplete data is yet another type of dirty data that can be detrimental to insurers. This is often the case when policyholders or claims adjusters fail to provide adequate information or documentation. For instance, if a policyholder fails to disclose all existing health conditions, it can dramatically increase the insurer’s risk exposure, leading to costly claims payouts. Likewise, if adjusters fail to provide complete documentation detailing the extent of damages in a claim, it may result in a loss of revenue for insurers or even legal action.

Understandably, insurers must take proactive measures to protect themselves against dirty data by implementing data management and quality control initiatives. This includes using automated tools, such as data quality software, to detect and correct any dirty data in their system as early as possible. Additionally, insurers can engage in regular data cleansing exercises or audits to ensure that all data in their databases are up-to-date and relevant. Lastly, insurers can provide training and resources to policyholders and adjusters to use when submitting information and documentation, thus ensuring that the data insurers receive is complete and accurate.

Dirty data is a pervasive issue in the insurance industry, and insurers must take all necessary measures to safeguard themselves against its implications. By leveraging advanced data management tools and techniques and providing training and resources to policyholders and adjusters, insurers can minimize the impact of dirty data on their business operations, improve their chances of detecting fraudulent activities, and ultimately, deliver better outcomes for policyholders. Given the significant impact of dirty data on insurers, failures to proactively address this issue can result in lost revenue, reputational damage, and legal implications. Therefore, it’s essential that all insurers take data quality seriously and integrate it into their overall business strategy.

Insuring Your Side Hustle

Posted on by admin

In recent years, many of us have been pursuing side hustles, whether to make an additional income or fulfill personal passions. While side hustles bring in additional cash, they also require additional considerations, particularly when it comes to insurance. With a side hustle, you are essentially starting a small business, which means you would have to deal with risks and liabilities that come with running a business. In this blog post, we’ll go through some side hustle examples, the cost of insuring, and the risks of not insuring properly or not having insurance at all, to help you navigate insuring your side hustle.

To provide context, side hustles come in different forms and vary in scale. Some are small such as pet sitting, while others are bigger such as rental properties. Side hustlers or entrepreneurs need to think through their options for insurance and consider potential risks before engaging in any side business.

Examples of side hustles include but not limited to: freelance writing, pet-sitting, online tutoring, selling handmade items online, real estate, event planning, delivering food or packages, ridesharing, and much more. Depending on the side hustle that you choose, you might be required to hold insurance policies on top of the existing policy held by your employer.

Cost of Insuring:

The cost of ensuring your side hustle depends on what kind of work you’re doing. For instance, if you’re pet-sitting or doing freelance writing, the cost of insuring is going to be less than a side hustle that requires additional equipment. If you’re running a side hustle like renting out part of your home, you might need a comprehensive policy that includes liability coverage and landlord insurance, which can be pricier. Ideally, it’s best to talk to an insurance agent to discuss available options, risks, cost-effectiveness, and tailor coverage to your specific needs.

Risks of Not Insuring Properly or at All:

Not having insurance or proper insurance in place might lead to financial loss or cash flow problems in case of lawsuits for injuries, damages, or other liabilities. Moreover, this risk increases if your side hustle involves physical goods or if you work closely with clients. The cost of insuring an incident (which could be as little as a lost item or as severe as a personal injury) properly will be much more cost-effective than paying for legal fees, which could end up being high if legal battles ensue.

It is crucial to think of your side hustle as a business when it comes to insurance, and to find insurance coverage which is suitable for your unique business. Whether it’s running your own website or providing service, your side hustle could be exposed to risks regardless of your size of business. As your passion project or side gig grows, you never know what might happen, so investing in insurance might protect your business, clients, employees and most importantly, you.

Tailoring Coverage for Different Types of Bikes and Riders

Posted on by admin

As a passionate rider, you know that the freedom and excitement of motorcycling are unmatched by any other mode of transportation. However, it’s crucial to understand that every bike and rider is unique, and so are their insurance needs. At ASZ International Inc. in Westchester, NY, we help our clients find the right coverage that suits their specific requirements and keeps you protected on the open road.

Different types of bikes and riders have distinct insurance needs. For instance, a cruiser rider may require additional coverage than a sportbike enthusiast. Additionally, a commuting motorcycle may require more protection than one mainly used for leisurely weekend rides. It’s vital to consider factors such as the make and model of your bike, its age, the purpose for which it’s used, and your personal riding experience when selecting your insurance policy.

When shopping for motorcycle insurance, paying attention to the various coverage options is essential. These include liability coverage, collision coverage, comprehensive coverage, and uninsured/underinsured motorist coverage. By working with a knowledgeable agent at ASZ International Inc. in Westchester, NY, you can better understand these options and choose the right combination of coverages that suits your unique needs as a rider.

Tailoring your motorcycle insurance policy to your specific needs as a rider and the type of bike you own is critical for ensuring your safety and financial protection on the road. If you’re interested in learning more about motorcycle insurance and how ASZ International Inc. can help you find the perfect policy in the Westchester, NY, area, don’t hesitate to contact our team of experts. We are dedicated to providing personalized insurance solutions that keep you riding confidently and securely, mile after mile.

Why Cyber Liability Insurance is Essential for Business Owners

Posted on by Marc Zettl

With the increasing reliance on technology in today’s business world, cyber threats have become a major concern for businesses of all sizes. Data breaches, cyber-attacks, and other security incidents can cause significant financial losses and can damage a business’s reputation. To protect themselves, business owners should consider purchasing cyber liability insurance. In this blog post, we will explore the importance of cyber liability insurance and why it should be on every business owner’s radar.

1. What is Cyber Liability Insurance?

Cyber liability insurance is a type of insurance that provides coverage and protection against losses resulting from cyber attacks, data breaches, and other security incidents. It is designed to safeguard businesses from the financial losses that can result from these types of events. Cyber liability insurance can cover a wide range of expenses, including legal fees, notification costs, credit monitoring services, and other expenses related to the breach.

2. Why is Cyber Liability Insurance Important?

Data breaches and security incidents can happen to any business, regardless of their size or industry. Cyber liability insurance is important for businesses because it provides protection that can help mitigate the financial losses that can result from these types of events. Without insurance, businesses could potentially face significant financial losses that could jeopardize their ability to continue operating.

3. What Does Cyber Liability Insurance Cover?

Cyber liability insurance can cover a range of expenses related to a cyber-attack or data breach. Some of the common expenses covered by cyber liability insurance include legal fees, notification costs, credit monitoring services, and other expenses related to the breach. Cyber liability insurance can also provide coverage for damages resulting from lost or damaged data, cyber extortion, and cyber-terrorism.

4. How to Choose the Right Cyber Liability Insurance

When choosing a cyber liability insurance policy, it’s important to consider the specific needs of your business. Factors to consider include the size of the business, the industry you operate in, the types of data you handle, and the potential financial impact of a cyber-attack. Working with an experienced insurance agent can help you select the right policy that will provide adequate protection for your business.

5. Conclusion

In today’s world, cyber-attacks and data breaches can have devastating consequences for businesses. To protect themselves from financial losses and other risks associated with these types of events, business owners should consider purchasing cyber liability insurance. With the right policy in place, businesses can have peace of mind knowing that they are protected against the financial impact of a cyber-attack or data breach.

How To Keep Kids Safe While Boating

Posted on by admin

Boating can be great fun for the whole family, but boat owners must know how to keep everyone safe while on the water. This includes any children that will be on your boat for any amount of time. At ASZ International Inc., serving Westchester, NY, and the surrounding areas, we are committed to helping you keep your boat and guests safe. Keep reading to learn more. 

Should Kids Come Boating?

There is no reason why children shouldn’t be able to enjoy time on your boat just like everyone else. However, when kids are on your boat, there are safety considerations you should keep in mind. Let’s look at a few safety precautions you should remember when kids visit your boat. 

Adult Child Ratios

As with most activities, keeping an excellent adult-to-child ratio on your boat is always a good idea. An adult-to-child ratio refers to the number of kids on the boat vs. the number of adults. You want to make sure that the adults are not too outnumbered. When this happens, it becomes more challenging to watch the children safely. If you feel uncomfortable with the number of children on the boat, recruit a few more adults to help keep everyone safe. 

Life Jackets for Everyone

This should be a non-negotiable rule for kids on your boat. Everyone gets a properly fitting life jacket. Ensure kids have one, even if you do not usually use life jackets. Even if this is an extra expense, it is worth it. 

If you want to learn more about boat safety or insurance, please get in touch with us at ASZ International Inc, serving Westchester, NY, and the surrounding areas. 

The Hardening of the Personal Insurance Market

Posted on by Marc Zettl
Umbrella Insurance word cloud collage, business concept background

How the Economy Affects Insurance Rates

Rising costs are a concern for both insurance companies and consumers. Inflation, higher interest rates, increased costs, and weather and climate events all affect the cost of insurance coverage.

Here’s a look at some of the factors that may be influencing what you pay.

Auto

  1. Supply chain shortages have made it difficult to repair vehicles efficiently and at a low cost. (1)
  2. Nearly 80% of collision repair shops are scheduling appointments 2 weeks or more into the future. (2)
  3. Driven by rising prices, the amount insurers paid to cover claims increased by $30 billion in 2021. (3)

Costs have increased:

  • 19.5% for motor vehicle repairs (4)
  • 9.9% for motor vehicle parts and equipment (4)

Home

Prices for materials continue to rise:

  • 12.5% Floor coverings (4)
  • 18% Drywall (5)
  • 14.8% Concrete products (4)

There are more frequent and severe weather and climate events, including wildfires and hurricanes. (6) The annual cost of natural catastrophes around the world is estimated at $123 billion. (7) There has also been a surge in nonweather-related water damage, such as plumbing leaks.

Each year:

  • There’s approximately $8.24 billion in these types of property losses. (8)
  • 1 in 60 insured homes has a claim caused by water damage or freezing. (9)

As we all navigate a changing economy, there are plenty of ways to save. Talk with your agent today to review your products and discounts.

References

[1] “Repair Costs & Labor Issues Affecting Insurers in 2023,” agencyheight.com/car-repair-costs (Jan. 9, 2023).

[2] “Crash Course 2022 Mid-Year Update: Gearing Up for What’s Ahead,” cccis.com/news-and-insights/insights/crash-course-2022-mid-year-updategearing-up-for-whats-ahead/ (May 31, 2022).

[3] “Countering inflation: How US P&C insurers can build resilience,” mckinsey.com/industries/financial-services/our-insights/countering-inflation-how-us-pand-

c-insurers-can-build-resilience (Aug. 25, 2022).

[4] Bureau of Labor Statistics/Nationwide Economics (December 2022).

[5] “CoreLogic Quarterly Construction Insights Q4 2022,” corelogic.com/wp-content/uploads/sites/4/2022/12/QCI-Q4-22.pdf (accessed Jan. 26, 2023).

[6] “Global warming frequently asked questions,” climate.gov/news-features/understanding-climate/global-warming-frequently-asked-questions (Oct. 29, 2020).

[7] “Global Average Annual Insured Losses from Extreme Events in Excess of $120 Billion, New Report from Verisk Finds,” verisk.com/newsroom/globalaverage-annual-insured-losses-from-extreme-events-in-excess-of-$120-billion-new-report-finds/ (Sept. 28, 2022).

[8] “WaterRisk: The first and only predictor of non-weather water claims,” locationinc.com/water-risk-data (accessed Jan. 26, 2023).

[9] “Facts + Statistics: Homeowners and renters insurance,” iii.org/fact-statistic/facts-statistics-homeowners-and-renters-insurance (accessed Feb. 10, 2023).

Three things you might not know about umbrella insurance

Posted on by admin

You should consider purchasing umbrella insurance if you’re concerned about losing assets if you get sued. In this scenario, umbrella insurance from ASZ International Inc. can provide liability coverage to protect you financially.

Know these three things about umbrella insurance in Westchester, NY. 

Umbrella insurance expands upon the coverage offered by your auto and home policies.

While your auto and home insurance can cover you for liability expenses you face, there are limits on these policies. Umbrella insurance policies address the fact that these policies limit coverage by covering costs you incur more than your auto and home insurance policy limits. 

You can choose the amount of umbrella insurance coverage you need.

Consumers will typically choose enough umbrella insurance coverage to cover the value of their total net worth. It’s pretty typical for umbrella insurance to be sold in increments of $1 million. 

When calculating how much umbrella insurance to buy, it’s best to figure out your net worth. This way, you can be insured against liability expenses for everything you own to protect all your assets. 

Umbrella insurance can cover you if you’re sued for slander or libel.

Some people don’t realize that umbrella insurance can cover you if you become entangled in a slander or libel dispute.

Another party could sue you if you are accused of spreading libel or slander about that person. Fortunately, you will be covered for your expenses to mount a legal defense if you have umbrella insurance. 

Consumers in Westchester, NY can enjoy total financial security with the right umbrella insurance policy. Get a quote on a policy by contacting us at ASZ International Inc. 

How to Prepare for a Home Flooding

Posted on by admin

Do you live in an area that’s prone to flooding? Then your home may be at risk of property damages, financial losses, and other related issues. Water damage becomes expensive, costing homeowners thousands of dollars in repair costs. Sometimes, the best solution is to create a plan that prepares against a flood. At ASZ International Inc., our team is discussing the different options that a homeowner has in the event of flooding – including a comprehensive insurance package.

Prepare an Emergency Kit

The emergency kit is an immediate first aid kit that helps the homeowner during a flood. The kit should include emergency contacts, canned food, batteries, warmers, personal identification, or an insurance certificate. For your emergency kit, come up with a list of supplies needed when an area of the house is compromised in this way.

Minimize the Potential Losses

You can renovate your home to prevent significant losses from happening. This process often involves waterproofing your basement, redesigning doors and windows, or clearing the house gutters. Some people even opt to design the foundation to prevent cracks from forming. 

Find an Insurance Plan that Covers Disaster Relief

Insurance will provide financial protection against a flood. While looking for home insurance, you should search for policies that pay for disaster relief, possession loss, or water damage to a residence. 

Buying Flood Insurance in Westchester, NY

ASZ International Inc is an agency that provides flood insurance. Our plans will pay for property damages and financial losses related to the flooding. If you’re interested in hearing more, contact our agency at 800-694-0279. We’d be happy to schedule an appointment with one of our agents.


  • Abacus
  • Aetna
  • AIG
  • American Modern Insurance
  • AmTrust
  • American Modern Insurance
  • Attune
  • biBerk
  • Chubb
  • Cigna
  • Citizens
  • CNA
  • Coterie
  • Cowbell Cyber
  • CV Starr
  • Employers
  • Erie
  • Fast Comp
  • Flood Risk Solutions
  • Foremost
  • Foremost Star
  • Great American
  • Guard
  • Hagerty
  • Hanover
  • Hiscox
  • Jewelers Mutual
  • JIBNA
  • K&K
  • Lemonade
  • Liberty Mutual
  • MetLife
  • Nationwide
  • Neptune Flood
  • AIG
  • NYSIF
  • Onust
  • Openly
  • OpenTrack
  • Prime Insurance Company
  • Progressive
  • Pure Insurance
  • RLI
  • Safeco
  • Selective Insurance
  • ShelterPoint
  • Standard Security
  • The Hartford
  • Thimble
  • Travelers
  • US Assure
  • USLI
  • V3ins.com
  • Zurich

Insurance Services

Servicing States

  • Servicing All 50 States

Today's Insurance News

quote-icon Comparing Quotes - Made Simple

Compare your unique insurance quotes
online via our comparative quoting form.

Get Started Today!

Get A Quote!