Industry News
It looks like California’s largest homeowners insurer is getting a large rate increase following billions of dollars in losses from the Los Angeles wildfires and pullback on writing new policies in the state. Administrative Law Judge Karl Seligman recommended approval …
Via: Claims Journal
Marks & Spencer Group Plc said some personal customer data was stolen by hackers as the British retailer continues to investigate and manage a highly-damaging “cyber incident.” The stolen data does not include “useable payment or card details” and there …
Via: Claims Journal
With a growing share of insurance executives viewing generative artificial intelligence as a tool for streamlining and improving functions like fraud detection, Deloitte predicts that AI technologies could save the property/casualty insurance industry tens of billions of dollars in the …
Via: Claims Journal
Kristin Herman and her partner had been planning a European getaway with stops in Paris and Rome, but with the U.S. economy suddenly wobbling, the couple instead drove to Oregon’s nearby redwood forests and Cannon Beach — even camping some …
Via: Claims Journal
Tiger Brands, South Africa’s biggest food producer, on Monday offered to compensate listeriosis victims, marking a major step toward resolving class action after a 2017 outbreak that killed about 200 people and sickened more than 1,000. The offer was made …
Via: Claims Journal
Spain’s power grid failed in mere seconds, blacking out the entire country and parts of Portugal. It was a stunning collapse that illustrates an inviolable law of the electric system: The heartbeat of the grid — known as frequency — …
Via: Claims Journal
U.S. aviation safety regulators formed an emergency task force to address technology breakdowns that briefly blinded air traffic controllers guiding planes in and out of Newark airport in recent weeks. Federal Aviation Administration personnel will be joined by experts from …
Via: Claims Journal
A powerful House committee has tucked language preventing states from regulating artificial intelligence into President Donald Trump’s massive tax and spending bill, a move that would benefit many of the U.S’s largest tech and AI companies. OpenAI, Meta Platforms Inc., …
Via: Claims Journal
U.S. Transportation Secretary Sean Duffy said that Newark airport would see “several weeks” of reduced capacity as officials grapple with spiraling delays and safety lapses at one of the country’s busiest hubs. “We’re having these glitches in the system,” Duffy …
Via: Claims Journal
Wildfires driven by climate change contribute to as many as thousands of annual deaths and billions of dollars in economic costs from wildfire smoke in the United States, according to a new study. The paper, published in the journal Nature …
Via: Claims Journal