Industry News
The number of battery electric vehicle claims in the U.S. dropped for the first time in the second quarter by 7%, coinciding with a 6% year-over-year reduction in new BEV purchases, a new report shows. The report from Mitchell also …
Via: Claims Journal
Solar and wind energy companies are betting on a novel form of insurance to protect their assets against wild and volatile weather — the very type of climate risk they were set up to fight. Renewable power projects can lose …
Via: Claims Journal
New York state officials recently reported on two workers’ compensation fraud investigations involving Long Island residents who received thousands in benefits while engaging in off-the-books work — including one coaching high school soccer and another flipping cheesesteaks for his food …
Via: Claims Journal
Over the past decade, the insurance industry has undergone an increasingly rapid transformation, driven by advancements in machine learning, artificial intelligence and now generative AI technologies. These advancements have enabled insurers to automate routine tasks such as data entry, document …
Via: Claims Journal
Honda Motor Co. has signed a multi-year agreement to work with a US AI startup in which it has an equity stake to develop self driving capabilities, tapping into Silicon Valley know-how for next generation automated technologies. The Japanese carmaker …
Via: Claims Journal
Hurricane Erin is triggering dangerous beach conditions across much of the US East Coast that will likely last into the weekend, as the storm pushes north in the waning days of the summer travel season. The risk of powerful currents …
Via: Claims Journal
Microsoft Corp. has curtailed Chinese companies’ access to advance notifications about cybersecurity vulnerabilities in its technology after investigating whether a leak led to a series of hacks exploiting flaws in its SharePoint software. The change, which occurred last month, will …
Via: Claims Journal
When Hurricane Helene barreled across several southern states last fall, it destroyed homes and killed more than 150 people. The storm also took out one of the country’s main factories producing intravenous fluid bags widely used in hospitals. The ensuing …
Via: Claims Journal
A Philadelphia police officer who was severely beaten by a robbery suspect in 2017 has won his right to add a psychological injury to his already settled workers’ compensation claim for physical injuries suffered in the incident. The officer’s employer, …
Via: Claims Journal
Google will pay $30 million to settle a lawsuit claiming it violated the privacy of children using YouTube by collecting their personal information without parental consent, and using it to send targeted ads. A preliminary settlement of the proposed class …
Via: Claims Journal