Industry News
The Federal Reserve’s former top-ranking official overseeing climate risk says the U.S. economy faces a series of long-term, structural shocks as a result of increasingly extreme weather patterns. Kevin Stiroh, who left the Fed earlier this year after it wound …
Via: Claims Journal
Medical costs per claim have begun to rise following a period of relative stability post-pandemic, a new report shows. A Workers Compensation Research Institute report out this week shows medical payments per claim recently started increasing, fueled by an increase …
Via: Claims Journal
Employers and employees see safety issues and solutions differently, and open communication could be the easy solution. A recent report on employees’ safety perspectives found gaps in both issues and solutions when it comes to workplace safety. When comparing findings …
Via: Claims Journal
Earth’s nastiest and costliest wildfires are blazing four times more often now than they did in the 1980s because of human-caused climate change and people moving closer to wildlands, a new study found. A study in the journal Science looks …
Via: Claims Journal
As the automotive landscape evolves, it has become important to distinguish between electric vehicles and hybrid electric vehicles in comparison to traditional internal combustion engine vehicles. EVs are powered entirely by electricity and rely on high-voltage battery systems, while HEVs …
Via: Claims Journal
A weather-changing La Niña has emerged in the Pacific Ocean, increasing the risk of drought in California and crop-growing regions in Brazil and Argentina while also bringing cold to the US Midwest and a milder winter to New York and …
Via: Claims Journal
Lyft Inc. is partnering with autonomous vehicle developer Tensor Auto Inc. to deploy a fleet of hundreds of robotaxis in Europe and North America starting in 2027. The ride-hailing company will additionally make its platform available on all Tensor vehicles, …
Via: Claims Journal
Nearly 80% of U.S. homeowners would use their smartphones to document property damage for an insurance claim, according to a new survey that suggests self-service digital tools could play a larger role in future claims handling. The online survey of …
Via: Claims Journal
New York City filed a new lawsuit accusing Facebook, Google, Snapchat, TikTok and other online platforms of fueling a mental health crisis among children by addicting them to social media. Wednesday’s 327-page complaint in Manhattan federal court seeks damages from …
Via: Claims Journal
Toyota Motor is exploring the development of a small drone system primarily to support vehicle operations on unpaved roads and trails. The Japanese automaker said in a filing with the Federal Aviation Administration that the potential system aims to boost …
Via: Claims Journal