Posts by Y@DminG

Toyota is recalling 508,354 vehicles in the U.S. as an instrument cluster that fails to display critical safety information increases the risk of a crash or injury, the National Highway Traffic Safety Administration said on Tuesday. Related: Why Toyota RAV4s … Source: Claims Journal

The insurance industry is implementing AI in all areas, from underwriting to claims, from catastrophe modeling to itemization of contents. When AI takes on some or all parts of a process where does that leave underwriters, call centers – and … Source: Claims Journal

As Europe comes to grips with its fifth heat wave of the year, the research arm of Swiss Re AG is warning of far-reaching consequences. “Record heat underscores Europe’s chronic heat risk,” the authors of the Swiss Re Institute report … Source: Claims Journal

As Europe comes to grips with its fifth heat wave of the year, the research arm of Swiss Re AG is warning of far-reaching consequences. “Record heat underscores Europe’s chronic heat risk,” the authors of the Swiss Re Institute report … Source: Claims Journal

The U.S. Midwest and Ohio Valley, including Chicago and Cincinnati, face an enhanced, or level 3, risk of severe thunderstorms. That’s triggered numerous flood warnings and watches from Indiana into western Pennsylvania and Virginia, the National Weather Service said. As … Source: Claims Journal

The U.S. Midwest and Ohio Valley, including Chicago and Cincinnati, face an enhanced, or level 3, risk of severe thunderstorms. That’s triggered numerous flood warnings and watches from Indiana into western Pennsylvania and Virginia, the National Weather Service said. As … Source: Claims Journal

The U.S. just sweltered through the warmest month ever recorded. The average temperature for the U.S. mainland reached 76.9F (24.9C) in July, the National Oceanic and Atmospheric Administration said on Monday. The US government has been tracking temperatures for 132 … Source: Claims Journal

The U.S. just sweltered through the warmest month ever recorded. The average temperature for the U.S. mainland reached 76.9F (24.9C) in July, the National Oceanic and Atmospheric Administration said on Monday. The US government has been tracking temperatures for 132 … Source: Claims Journal

The reinsurance industry’s robust earnings and abundant capital, evident since 2023, have led to increasing competition and a softening market. “The key question is whether reinsurers can maintain underwriting discipline or will irrational competition emerge, leading to another traditional soft … Source: Claims Journal

Gallagher Bassett named Varun Jain to the newly created position of executive vice president – enterprise performance and product leadership. Jain will drive execution across three areas: enterprise product leadership, global account management and strategic initiatives implementation. He joined Gallagher … Source: Claims Journal