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Viewpoint: The Future of Commercial Insurance Is Connected Insight
Artificial intelligence adoption across the insurance industry is taking off. In its report, “The Dawn of the Age of AI in Insurance,” Genpact noted that insurers recognize the value and potential of AI, “with 87% of carriers investing more than … Source: Claims Journal
Read MoreCrews Battling Black Hills Wildfires Hampered by Strong Wind
NEMO, S.D. (AP) — High winds Tuesday hampered firefighters battling wildfires in the Black Hills of South Dakota that have forced the evacuations of more than 400 homes and closed the Mount Rushmore National Memorial. Three separate wildfires were burning … Source: Claims Journal
Read MoreLloyd’s of London Sees ‘Large Loss’ Due to Suez Canal Blockage
LONDON — The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London, its chairman said on Wednesday, as the insurance market recorded a 900 million pound ($1.2 billion) pretax loss … Source: Claims Journal
Read MoreWith Ship Now Freed, a Probe Into Suez Canal Blockage Begins
SUEZ, Egypt (AP) — Experts boarded the massive container ship Tuesday that had blocked Egypt’s vital Suez Canal and disrupted global trade for nearly a week, seeking answers to a single question that could have billions of dollars in legal … Source: Claims Journal
Read MoreVandal Smashed Dozens Of Windows In California Church
ANTIOCH, Calif. (AP) — Dozens of windows and doors in a San Francisco Bay Area church were smashed Monday by a vandal who was caught on surveillance video. Police in Antioch in the East Bay were investigating after the 4 … Source: Claims Journal
Read MoreBig Tech, Nevada Repair Shops Clash Over ‘Right to Repair’
CARSON CITY, Nev. (AP) — Trade groups representing big tech companies faced off with independent repair shop owners Monday during a committee hearing in the Nevada Legislature over a proposal that would require manufacturers to give repair shops the ability … Source: Claims Journal
Read More‘That Lady Is Drunk!’ Court Weighs Citizen Tip Validity
COLUMBUS, Ohio (AP) — The legal authority of a shouted tip to a state trooper about an impaired driver — “That lady is drunk!” — is before the Ohio Supreme Court in a question over constitutional protections from illegal search … Source: Claims Journal
Read MoreViewpoint: The Rules That Made U.S. Roads So Deadly
A 25-year-old Yale Law student. A crossing guard. A 78-year-old woman. A high-school teacher. These are but four of the pedestrians and bikers counted among the 310 motor-vehicle-related deaths seen in 2020 in Connecticut, where I live. Our state saw … Source: Claims Journal
Read MoreSwiss Re Says Secondary Perils Should Be a Priority Concern for Insurers
Swiss Re warned insurers Tuesday that secondary perils such as thunderstorms and wildfires are making up a growing share of the losses caused by natural catastrophes, even in a year that experienced an abnormally active North Atlantic hurricane season. The … Source: Claims Journal
Read More‘Big Storage’ Is the Next Big Technology in the Climate Fight
If the last 10 years of happy developments in solar power, wind turbines, batteries and electric vehicles have taught us anything, it’s to plan for carbon-free technologies that are unavailable today. They could come tomorrow. Such is the case with … Source: Claims Journal
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