Industry News
The U.S. Supreme Court asked the Trump administration for input on an appeal from pharmaceutical and medical-device companies that are trying to stop a lawsuit accusing them of helping to finance terrorist attacks in Iraq. The companies are seeking review …
Via: Claims Journal
The premise of managed repair is straightforward: rather than insurance carriers reimbursing policyholders directly for property damage, carriers refer claims to a managed repair program. The MRP coordinates documentation of the repairs necessary to return the structure to its preloss …
Via: Claims Journal
France has openly pointed the finger at Iran for recent cyberattacks that crippled fridges and created havoc in hundreds of supermarkets across the nation. “The responsibility for this attack lies with Iran’s Islamic Revolutionary Guard Corps,” French Foreign Minister Jean-Noel …
Via: Claims Journal
The U.S. National Highway Traffic Safety Administration said on Monday it had opened a recall query into 2,895 vehicles operated by Alphabet’s self-driving unit Waymo over continued traffic safety violations involving the vehicles’ behavior when encountering school buses. The probe …
Via: Claims Journal
Insurance Journal’s Risky Future series is hosting the winter edition of “AI Tools for MGAs” Winter Edition Demo Day, a series of free AI tool demonstrations designed exclusively for managing general agencies, wholesalers, program administrators, and specialty carriers. In partnership …
Via: Claims Journal
Last week’s $6.3 billion Binance heist is prompting insurers to scrutinize crypto companies’ security more closely, with underwriters expected to probe if clients are vulnerable to a similar attack when they seek new coverage or renew existing policies, industry insiders …
Via: Claims Journal
The next stop in Allstate’s journey with artificial intelligence – a personal agentic assistant for consumers. CEO Tom Wilson revealed that customers could expect an Allstate PAA early in 2027. He said the PAA has been in development for more …
Via: Claims Journal
British drugmaker GSK has settled lawsuits that accused Moderna’s COVID-19 vaccines Spikevax and mNEXSPIKE and RSV shot mResvia of infringing its patents, the companies said on Friday. Moderna said in a Friday press release that it settled GSK’s patent litigation …
Via: Claims Journal
Tesla Inc. is discontinuing the Cybertruck, the polarizing pickup that turned plenty of heads in its brief time on the market but never sold anywhere near Elon Musk’s lofty predictions. Production will wind down at Tesla’s Texas plant in the …
Via: Claims Journal
Investors involved in a class action lawsuit over the 2023 collapse of Silicon Valley Bank (SVB) have reached a $224.5 million settlement with external auditor KPMG LLP, Norway’s sovereign wealth fund said on Friday. KPMG said the settlement was not …
Via: Claims Journal