Industry News
Insurance software maker Guidewire said this week it would buy hyperexponential for $1.7 billion in cash and up to $400 million more if revenue targets are met, to expand into AI tools that help insurers assess price and risk. London-based …
Via: Claims Journal
Japanese electric motor maker Nidec said on Tuesday it had decided to sue founder Shigenobu Nagamori and eight other former executives for damages over suspected accounting irregularities that have put its stock market listing at risk. Besides Nagamori, the company …
Via: Claims Journal
Customer satisfaction with total loss auto insurance claims fell for a third straight year, while satisfaction improved for claims involving repairable vehicles, a new study looking at this year shows. Customer satisfaction with total loss claims fell 12 points on …
Via: Claims Journal
Tropical Cyclone Arnab is expected to hit India's east coast on Wednesday, marking a break in an otherwise calm season that's been subdued by a severe El Niño.
Via: Claims Journal
Look out, red and amber lights. Autonomous vehicles may soon bring another color to America’s roads. U.S. auto safety regulators proposed a new category of cyan exterior lamps to identify driverless vehicles to other road users. One or two of …
Via: Claims Journal
Bananas are in danger of becoming the next item in the grocery aisles to see price hikes, thanks in part to a powerful El Niño and war, says one of the top sellers of the fruit. “The industry is facing …
Via: Claims Journal
The U.S. Federal Trade Commission and 20 states sued Dollar General Corp. on Monday, alleging the discount retailer routinely charged customers more than the prices displayed on shelves or in advertisements. Dollar General, which operates more than 21,000 stores, overcharged …
Via: Claims Journal
Novo Nordisk A/S lost a bid in a U.S. court to temporarily block Eli Lilly & Co. from using advertisements that claim its drugs are more powerful, a setback to Novo as it battles to regain a larger share of …
Via: Claims Journal
Insurance Journal’s Risky Future series is hosting the “AI Tools for Fraud Detection and Compliance” Demo Day, a series of free AI tool demonstrations designed exclusively for insurance carriers, SIU teams, compliance officers, claims leaders, and more. This event will …
Via: Claims Journal
Exxon Mobil Corp. has lost its appeal of an $815.5 million compensatory damages judgment that was awarded to a Mobil gas station mechanic who developed leukemia after years of exposure to benzene in its gasoline. On October 15, a three-judge …
Via: Claims Journal