Industry News
The Delaware Supreme Court has re-opened the door for cyber insurers to pursue recovery of claims payments they made to their insureds who took matters into their own hands after their data hosting company allegedly failed to adequately respond to …
Via: Claims Journal
As the prospect of flood damage haunts an ever larger number of U.K. homes, the country’s banks are under growing pressure to prove they’re not underestimating the risk in their mortgage books. Nationwide Building Society — once seen as an …
Via: Claims Journal
Electric vehicle collision claims in the U.S. and Canada, while sales of new models declined, a new report shows. EV claims increased by 14% in the U.S. and 24% in and Canada, a report out from Mitchell shows. The report …
Via: Claims Journal
Centerview Partners LLC settled a lawsuit by a former analyst who claimed the boutique investment bank wrongfully fired her for asking to be able to sleep more than eight hours a night. Jury selection had been set to begin Monday …
Via: Claims Journal
PacifiCorp, a utility owned by Berkshire Hathaway, agreed to pay $575 million to resolve U.S. government damages claims related to six wildfires in Oregon and California that burned nearly 290,000 acres of federal land, the U.S. Department of Justice said …
Via: Claims Journal
American International Group said it made substantial progress in artificial intelligence within the last year, and the technology’s outcomes and capabilities are more than previously predicted. The insurer during an Investor Day less than a year ago presented the potential …
Via: Claims Journal
A judge rejected Tesla's request to overturn a $243 million jury verdict over the 2019 crash of an Autopilot-equipped Model S, which killed a 22-year-old woman and injured her boyfriend.
Via: Claims Journal
The U.S. Supreme Court struck down on Friday President Donald Trump’s sweeping tariffs that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major …
Via: Claims Journal
Drivers of BMW, Ram and Tesla vehicles were ranked among the worst drivers in the country in a new report. A LendingTree report on the best and worst drivers on by vehicle manufacturer ranks BMW for No. 1 in total …
Via: Claims Journal
There has been a lot of recent conversation throughout the insurance industry around resiliency fortification efforts and how to help facilitate them. For claims leaders, this is a particularly important conversation because the level of resiliency of the structures in …
Via: Claims Journal