Industry News
A federal judge has dismissed a proposed class action filed on behalf of Pennsylvania homeowners who believe that State Farm undervalued their property damage claims in its use of the Xactimate software that is popular with insurers. The lead plaintiffs, …
Via: Claims Journal
Small businesses are the backbone of the U.S. economy, but many are unknowingly underinsured—often discovering gaps only when a claim is denied. According to the U.S. Small Business Administration, roughly one-third of businesses don’t have insurance and three-fourths are underinsured, …
Via: Claims Journal
Boston is the safest city for driving overall, followed by New York City, while Memphis is the least safe, a report looking at the 50 most populated cities shows. U.S. News & World Report evaluated the most and least safe …
Via: Claims Journal
Car prices have already climbed out of reach for many Americans. The search for a cheap car is poised to get even tougher. President Donald Trump’s tariffs on automobile imports set to take effect next week are expected to drive …
Via: Claims Journal
The International Monetary Fund sees the U.S. economy shifting into a lower gear this year as President Donald Trump pushes forward with aggressive tariffs but doesn’t see a recession on the horizon. “Large policy shifts have been announced and the …
Via: Claims Journal
Insurers are betting on a suite of new AI-driven techniques to better predict surging losses from climate-driven weather catastrophes ranging from unprecedented wildfires to hurricanes and floods. Less than three months into the year, natural disasters are already causing major …
Via: Claims Journal
Bankrupt genetic testing firm 23andMe Holding Co. won permission from a judge to try to sell information about customers’ medical and ancestry-related data, a trove that is considered the most valuable asset in the insolvency case — and has become …
Via: Claims Journal
The U.S. Federal Aviation Administration said it must improve the way it identifies potentially risky air-traffic situations, following a deadly midair collision between a U.S. Army helicopter and American Airlines Group Inc. regional jet in January. “While flying remains the …
Via: Claims Journal
Markel made three internal promotions and hired a technical claims lead for its wholesale claims service for brokers, insureds and trading partners. The appointments include Dan Thomas, who has joined as marine technical claims lead, where he’ll work as part …
Via: Claims Journal
Alibaba Group Holding Ltd. and BMW AG will team up to produce AI for cars in China, as the tech giant looks to monetize its emerging products and the German automaker seeks to catch up to local brands that are …
Via: Claims Journal