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Openly’s Tech-Forward Approach Includes AI in Claims
Openly, which promotes itself as a tech-forward homeowners insurance provider, has been making a name for itself by enabling agents to generate quotes in times as little as 15 seconds since being founded in 2017. The Boston, Massachusetts-based insurtech, which … Source: Claims Journal
Read MoreWall Street Watchdogs Pause Some Cyber Exams After Mythos Shock
U.S. regulators are pausing some cyber-related examinations of the largest banks, giving the lenders more breathing room as the firms dig into the risks exposed by Anthropic PBC’s new Mythos AI model. The Federal Reserve and Office of the Comptroller … Source: Claims Journal
Read MoreMutual of Enumclaw Names Peterson Chief Claims Officer
Mutual of Enumclaw named Joe Peterson vice president of claims and chief claims officer. Peterson has more than 20 years of claims leadership experience, most recently as vice president – P/C claims at Zenith Insurance Company. He also held multiple … Source: Claims Journal
Read MoreProgressive Is Biggest Auto Insurer, Surpassing State Farm, S&P Says
The numbers aren’t all in, but it looks like Progressive is now the biggest private passenger auto insurer, based on an analysis from S&P Global Market Intelligence that shows Progressive muscling past State Farm. S&P GMI estimates that Progressive’s U.S. … Source: Claims Journal
Read MoreJury Awards $49.5M to Family of Woman Killed in Boeing Max Crash
A federal jury has awarded $49.5 million to the family of a 24-year-old global nonprofit worker killed in the 2019 crash of a Boeing 737 Max jet in Ethiopia while traveling to her first major assignment. The verdict, reached Wednesday … Source: Claims Journal
Read MoreNew York Homes Most Exposed to Hurricane Risk, Beating Miami
More than 3 million New York metropolitan-area homes are vulnerable to hurricane winds, the most of any region in the country, according to a report from Cotality, a property analytics firm. Roughly 3.27 million homes in the area face moderate … Source: Claims Journal
Read MoreCalifornia Fire Spread Slows But Dangerous Conditions Linger
Winds that drove a fast-moving brush fire across Southern California’s Simi Valley eased overnight, slowing the blaze’s spread, but dangerous conditions persist as hundreds of firefighters tackle the flames. Fire activity decreased significantly overnight due to calmer winds along with … Source: Claims Journal
Read MoreVolvo Group Agrees to $197M Settlement With California Over Excess Truck Emissions
Truckmaker Volvo Group on Monday agreed to a $197 million settlement with the California Air Resources Board over alleged violations of the state’s heavy-duty engine regulations. The settlement resolves allegations that Volvo failed to properly disclose auxiliary emission control devices … Source: Claims Journal
Read MoreAdani Enterprises Reaches $275 Million Settlement With Treasury
Adani Enterprises Ltd. agreed to pay $275 million over a probe by the Office of Foreign Assets Control, putting the Indian conglomerate a step closer to resolving its legal troubles in the U.S. The Treasury Department said on Monday the … Source: Claims Journal
Read MoreTesla’s Musk Expects Widespread US Use of Cars Without Human Monitors This Year
Tesla chief Elon Musk said on Monday he expects fully self-driving cars without human safety monitors to become more widespread in the United States later this year, after already being introduced in Texas. Speaking by video link to the Smart … Source: Claims Journal
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