Industry News
Excitement about adopting artificial intelligence technology is palpable in the insurance industry, but the reality is that while most carriers use artificial intelligence technology, few use AI at more than a small scale— and the vast majority of adjusters say …
Via: Claims Journal
Google is facing a lawsuit from the family of a 36-year-old Florida man who allegedly considered carrying out a “mass casualty attack” and ultimately committed suicide under the influence of the company’s Gemini chatbot. According to a suit filed Wednesday …
Via: Claims Journal
The U.S. financial services industry is on heightened alert for potential cyberattacks amid the unfolding U.S. war in Iran, with firms stepping up monitoring for threats that often rise during periods of geopolitical conflict, said executives and analysts. The killing …
Via: Claims Journal
Terrorism insurance pricing in the U.S. is hovering at an all-time low — a surprising reality at a time when geopolitical tensions, domestic extremism, and global instability dominate headlines. It comes down to the age-old dynamic of supply and demand, …
Via: Claims Journal
A U.S. judge sided with Uber Technologies Inc. in its complaint that American Transit Insurance Co., the largest taxi insurer in New York City, failed to defend the ride-hailing company in crash cases involving its drivers. ATIC breached its duty …
Via: Claims Journal
President Donald Trump said the U.S. would provide insurance guarantees and naval escorts to ensure safe passage for oil tankers and other vessels through the Strait of Hormuz, intending to head off a potential energy crisis caused by the war …
Via: Claims Journal
General Motors is restructuring how its U.S. dealers sell used vehicles, a bid to compete better with fast-rising online sellers like Carvana. The Detroit-based automaker said on Tuesday it is dissolving a long-standing program that helps its dealerships sell used …
Via: Claims Journal
Wisedocs named Mark Tainton senior vice president of data solutions. Tainton will leverage his experience overseeing AI-enabled services. He has experience in leading large-scale data modernization initiatives. Tainton previously served as chief data analytics officer at Venttiv Technology, Calamos Investments …
Via: Claims Journal
Moderna has agreed to pay Genevant Sciences, a subsidiary of Roivant Sciences, and Arbutus Biopharma up to $2.25 billion to settle a long-running legal fight over the technology that made its COVID-19 vaccine possible, the companies said on Tuesday. Under …
Via: Claims Journal
The Justice Department and dozens of states accused Live Nation Entertainment Inc. and its Ticketmaster subsidiary of illegally monopolizing much of the market for live music, as a major courtroom clash more than 15 years in the making got underway …
Via: Claims Journal