U.S. Markets open in 8 hrs 1 min

RLI Corp. (RLI) Invests in Technology to Resolve Claims

Zacks Equity Research

RLI Corp.’s RLI main subsidiary RLI Insurance Company’s unit RLI Transportation announced the launch of digital accident kits.

With the new digital accident kits, insured drivers of RLI Transportation can now report the details of an accident with an Internet-compatible device. After completing the accident information, they can provide the photos and submit the same to RLI Transportation with the use of smartphone, tablet, iPad or other device.

The usage of digital accident kits enables immediate reporting of claims, which can lead to a significant improvement in customer service.

RLI Transportation provides a wide range of commercial vehicle insurance coverage for operators of truck, bus and commercial auto fleets. It has extensive experience in the transportation industry and provides innovative solutions to meet the needs of customers.

Shares of this Zacks Rank #1 (Strong Buy) property and casualty insurer have gained 31.5% year to date, outperforming the industry’s increase of 8.5%. The company’s policy to ramp up its growth profile and capital position should continue to drive shares higher.


Other Stocks to Consider

Some other top-ranked insurance industry players include Donegal Group Incorporation DGICA Hallmark Financial Services HALL and Cincinnati Financial Corporation CINF. While Donegal Group sports a Zacks Rank #1, Hallmark Financial Services and Cincinnati Financial carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Donegal provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England and southern states. The company beat earnings estimates in the trailing four quarters, the average being 248.34%.

Hallmark Financial underwrites markets, distributes and services property and casualty insurance products in the United States. The company came up with average four-quarter positive surprise of 95.27%.

Cincinnati Financial provides property casualty insurance products in the United States and offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation. The company beat earnings estimates in the trailing four quarters, the average being 20.79%.

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Cincinnati Financial Corporation (CINF) : Free Stock Analysis Report
 
RLI Corp. (RLI) : Free Stock Analysis Report
 
Donegal Group, Inc. (DGICA) : Free Stock Analysis Report
 
Hallmark Financial Services, Inc. (HALL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research