Industry News
Crawford & Company has launched a new insurtech company with the goal of offering SaaS solutions aimed at enhancing the efficiency and accuracy of property/casualty claims. Turvi’s SaaS products are designed to improve claims processing workflow, expedite the estimating process …
Via: Claims Journal
Sony Pictures Television Inc. accused CBS Studios Inc. in a lawsuit of leaving millions of dollars on the table in the network’s distribution of the popular Jeopardy! and Wheel of Fortune game shows. Sony, the producer of the programs, claims …
Via: Claims Journal
Most homeowners are worried about the impact of natural disasters and climate change, a new survey shows. A survey from U.S. News & World Report shows 61% worry about climate change and the impact of natural disasters to their home …
Via: Claims Journal
Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to a loss of $41 million during the same time a year ago. The Northbrook, Illinois-based insurer recorded an improvement in …
Via: Claims Journal
Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene and Milton spurred thousands of insurance claims. The Tennessee Department of Commerce and Insurance reminded insurance carriers that they must …
Via: Claims Journal
A lawyer for a Missouri mother on Wednesday asked a jury to make Abbott and Reckitt’s Mead Johnson pay a total of more than $6 billion in the latest trial over claims that the companies’ formulas for premature babies caused …
Via: Claims Journal
Sprout.ai named Ian Thompson as the first member of its growth advisory board. Thompson, who has 20 years of senior leadership experience and 30 years of insurance business experience, most recently oversaw 8,500 employees at Zurich as the group chief …
Via: Claims Journal
The COVID-19 pandemic brought on significant change to the cyber insurance industry that spans all disciplines. We experienced the widespread remote work environment, which introduced an onslaught of ransomware claims by threat actor groups as they recognized the opportunity to …
Via: Claims Journal
Drive along any stretch of highway and you’ll see widespread advertising by billboard attorneys encouraging consumers to hire a lawyer to settle an auto accident claim. But this leads to higher costs of auto insurance across the U.S., according to …
Via: Claims Journal
At New Century Motorcycles in Alhambra, a handful of electric motorcycles are relegated to the back of the store, tucked behind the dirt bikes. The store sells one a month, at most, a salesperson said. Motorcyclists have long loved their …
Via: Claims Journal