Industry News
A broad-based AI exclusion in insurance policies could create “real confusion and uncertainty,” Marsh CEO John Doyle said, calling for a more nuanced approach to assessing risks as the technology becomes increasingly embedded in business operations. Analysts and experts say …
Via: Claims Journal
Volvo Cars is expanding its partnership with Nvidia to develop a new generation of driver-assistance and automated-driving technology, the companies said on Thursday, as carmakers race to bring increasingly advanced hands-free driving features to market. The companies said Volvo would …
Via: Claims Journal
Non-economic factors have accounted for roughly half of liability claims growth in the U.K. in the last six years, according to a new report. The report from Swiss Re Institute, High U.K. Liability Claims Growth Could Increase Without Balanced Reforms, …
Via: Claims Journal
More than one-in-four taxi and rideshare vehicles had at least one unfixed recall, according to an analysis across 16 major U.S. cities. That rate was higher than the one-in-five vehicles nationwide with an open recall, a CARFAX analysis shows. In …
Via: Claims Journal
GTCR and Elliott Investment Management are acquiring car-insurance software provider CCC Intelligent Solutions Holdings Inc. for about $4.6 billion. Under the terms of the agreement, CCC stockholders will receive $7.75 in cash for each share of CCC common stock. That …
Via: Claims Journal
Hyundai Motor America 005380.KS is recalling 94,622 vehicles in the US over a risk of fire while parked or driving due to the possibility of some front power seat motors overheating, the US National Highway Traffic Safety Administration said on …
Via: Claims Journal
Chubb Limited said it made three leadership appointments within its global claims organization. Lisa Wilson has been named head of North America claims, overseeing all aspects of North America commercial and personal lines claims and services, effective immediately. Wilson will …
Via: Claims Journal
The share of auto insurance claims flagged as total losses reached 23.5% in the first half of the year, up slightly from a year earlier, a new report shows. The 2026 Crash Course Mid-Year Update from CCC Intelligent Solutions shows …
Via: Claims Journal
French supermarkets are facing millions of euros in losses after a cyberattack forced them to throw away food, in a crisis that is not typically covered by cyber insurance policies but could still lead to higher premiums in future, insurers …
Via: Claims Journal
The U.S. Department of Justice began a third phase of compensation for victims of Western Union fraud. An additional $3.4 million is being distributed to 1,294 victims, and the department has reopened the petition process for victims who did not …
Via: Claims Journal