Industry News
Not far from the super yachts docked outside the island palaces of Miami’s new billionaire class, smaller boats abandoned by people who couldn’t afford them languish in Biscayne Bay. Since October, Miami Beach police have identified and removed about 140 …
Via: Claims Journal
After years of legal setbacks that have cost billions of dollars over its top-selling Roundup weedkiller, Bayer AG finally got a resounding win in the biggest tribunal of all. The US Supreme Court threw out a jury verdict won by …
Via: Claims Journal
Tensions flared Saturday as desperation grew in Venezuela’s state of La Guaira as rescuers and civilians searched for earthquake survivors and the death toll rose sharply to 1,430. Families reported at least 68,900 people missing Saturday, three days after the …
Via: Claims Journal
After several years of experimentation with generative AI and machine learning, many carriers have moved beyond asking whether AI has a role in insurance. Instead, they’re grappling with a different question: How do organizations know when an AI pilot is …
Via: Claims Journal
The U.S. International Development Finance Corporation has agreed with the World Bank’s guarantee arm MIGA to create a political risk insurance framework for a U.S.-Ukrainian reconstruction investment fund. The agreement, signed on Thursday on the sidelines of a Ukraine recovery …
Via: Claims Journal
The National Association of Insurance Commissioners (NAIC) now says data taken earlier this month from its information technology systems has been published online by the hackers responsible. In a short note posted midday June 25, NAIC said it was “actively …
Via: Claims Journal
Most Americans are inundated with scam attempts on a daily basis — and about 3 in 10 have personally lost money or personal information to scams, according to a new AP-NORC survey. The poll, conducted by The Associated Press-NORC Center …
Via: Claims Journal
An attack on a container vessel sailing through the Strait of Hormuz has prompted some shipowners to review exit plans, but traffic continued to flow in both directions through the vital thoroughfare on Friday. Two fully laden tankers are heading …
Via: Claims Journal
Red Lobster’s $20 all-you-can-eat shrimp deal wasn’t just a badly designed promotion that inadvertently helped tip the iconic American restaurant chain into bankruptcy. It was part of a scheme to “squeeze every drop of value” from Red Lobster for the …
Via: Claims Journal
Cal-Maine Foods Inc. and other egg suppliers are close to resolving an investigation by the U.S. Justice Department and a bipartisan group of states into alleged illegal price coordination, according to people familiar with the matter. The Justice Department and …
Via: Claims Journal