Industry News
Severe convective storms have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon plc.
Via: Claims Journal
Eightfold AI, a venture capital-backed artificial intelligence hiring platform used by Microsoft, PayPal and many other Fortune 500 companies, is being sued in California for allegedly compiling reports used to screen job applicants without their knowledge. The lawsuit filed on …
Via: Claims Journal
Alacrity Solutions is selling Alacrity Network Solutions, its managed repair division, to BV Investment Partners. The company said the transaction is part of its long-term strategy to sharpen its operational focus and its investment in technology-driven capabilities across its core …
Via: Claims Journal
In a victory for thousands of women suing Johnson & Johnson over claims that the company’s baby powder and other talc products caused their ovarian cancer, a court-appointed special master recommended on Tuesday that they be allowed to present testimony …
Via: Claims Journal
Hyundai Motor Co. overtook General Motors Co. as the world's fourth-most valuable automaker as the South Korean firm's robotics push fuels a blistering stock rally.
Via: Claims Journal
TowerBrook is acquiring a majority stake in MSA Mizar, an insurance claims management services provider.
Via: Claims Journal
Ford Motor is recalling 119,075 vehicles in the U.S. as the engine block heater may crack and leak coolant, potentially causing a short circuit and increasing the risk of a fire when the heater is plugged in, the National Highway …
Via: Claims Journal
Digital insurance company Lemonade is now offering autonomous vehicle coverage . Lemonade Autonomous Car insurance, which is starting with Tesla Full Self-Driving cars, is offering cuts per-mile rates for FSD-engaged driving by roughly 50%, reduced risk during autonomous operation, the …
Via: Claims Journal
Two people can fly the same airline, on the same plane and have completely different experiences. One is cramped and miserable in the wrong seat. The other is fine, because the seat fits. Same destination. Same flight. Totally different ride. …
Via: Claims Journal
Estee Lauder was sued by a self-described “disruptive” startup that accused the cosmetics giant of effectively putting it out of business by stealing technology to boost sales from jet-setting travelers in hotels. In a complaint filed on Friday night in …
Via: Claims Journal