Industry News
CLARA Analytics named Jeremy Johnson, former CEO of Protective Insurance, to its board of directors. Johnson is the former CEO and board member of Protective Insurance, a publicly traded insurer providing insurance, loss control, and claims capabilities to the transportation …
Via: Claims Journal
More than half of all new doctors face some form of sexual harassment in their first year on the job, including nearly three-quarters of all new female doctors and a third of males, a new study finds. That’s actually down …
Via: Claims Journal
North Carolinians can no longer stack underinsured motorist policies to compare to liability limits in order to boost the amount of coverage in an accident, the state Supreme Court said last week in a decision that overturns 30 years of …
Via: Claims Journal
Around the world, insured damages inflicted by natural catastrophes are climbing fast and set to double in roughly 10 years, the Swiss Re Institute — the research arm of the giant reinsurance firm — said in a report published Tuesday. …
Via: Claims Journal
Singapore-based Maxeon Solar said it had initiated a patent infringement lawsuit against solar technology firm Canadian Solar in the Eastern District of Texas. The lawsuit alleged infringement of Maxeon’s patents related to TOPCon solar cell technology. Canadian Solar did not …
Via: Claims Journal
The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM Best report. Preliminary data from the global credit rating agency shows that the industry posted a $21.2 billion net underwriting …
Via: Claims Journal
The 5th Circuit Court of Appeals ruled that Chubb must cover restitution claims paid to ticket holders of the 2020 South by Southwest film festival cancelled due to COVID-19. A three-judge panel reversed a summary judgment in favor of Federal …
Via: Claims Journal
Two-thirds of property/casualty insurers plan to start using AI in operational decisions this year, according to a survey, which also reveals that nearly all insurers already using AI have been tripped up by bias challenges. The Ethical AI in Insurance …
Via: Claims Journal
A federal judge on Monday said ConAgra Brands must face a lawsuit claiming it misled U.S. consumers into believing that nine Mrs. Paul’s and Van de Kamp’s fish products were sustainably sourced. U.S. District Judge Virginia Kendall in Chicago rejected …
Via: Claims Journal
New Zealand joined the US and UK in accusing China of sponsoring malicious cyber activity targeting democratic institutions, saying its parliamentary network was breached in 2021. The Government Communications Security Bureau has established links between a People’s Republic of China …
Via: Claims Journal