Posts by Y@DminG

The property/casualty insurance industry is contributing to improved cyber hygiene in the U.S., a survey of insurers, agents, and brokers conducted by the American Property Casualty Insurance Association and the Council of Insurance Agents & Brokers shows. The survey responses … Source: Claims Journal

As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations. Captive insurance, where companies create their own coverage vehicles, … Source: Claims Journal

Hong Kong raised its storm warning to the third-highest level as Super Typhoon Yagi skirts the city, with flights set to be disrupted throughout Friday as the storm tracks toward southern China. The Hong Kong Observatory issued a so-called Typhoon … Source: Claims Journal

Attorneys representing both living and deceased patients of an Oregon hospital filed a $303 million lawsuit against the facility after a nurse was accused of replacing prescribed fentanyl with nonsterile tap water in intravenous drips. The wrongful death and medical … Source: Claims Journal

Top reinsurers are showing increasing—but disciplined—appetite for natural catastrophe risks as a result of rising demand, better pricing, more favorable terms and conditions, and sound investment income, according to a report published by S&P Global Ratings. Most of the 19 … Source: Claims Journal

The robots are coming—and in some cases, they’re here. Advancements in generative artificial intelligence are enhancing claims processes in many ways, from improving First Notices of Loss (FNOLs) to analyzing videos and images to assessing damage quickly. With all of … Source: Claims Journal

Carlos Quiles says he was seriously injured in May 2022 when the Uber he was traveling in crashed into two parked cars in Queens — after the driver lost control of his Toyota while trying to clear a fly or … Source: Claims Journal

Johnson & Johnson plans to pay an additional $1.1 billion to resolve tens of thousands of legal actions alleging its baby powder and other talc products caused cancer, two people familiar with the matter said. The increase would boost the … Source: Claims Journal

A federal judge in San Francisco has ruled that roughly 150 older workers who were laid off by social media platform X when Elon Musk acquired the company can sue for age discrimination as a class, exposing the company to … Source: Claims Journal

Moody’s Corp., S&P Global Inc. and Fitch Ratings Inc. will pay a combined $48 million over allegations that the credit-rating companies failed to keep proper electronic communications — the latest fallout from US regulators’ so-called WhatsApp investigations. The Securities and … Source: Claims Journal