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Washington Updates Insurance Claims Handling Rules, Deadlines
New claims handling rules in Washington require insurers to follow updated rules that establish deadlines for responding to policyholders, conducting investigations, issuing denials and making payments. The rules, which took effect Oct. 18, require insurers to notify policyholders within 30 … Source: Claims Journal
Read MoreChubb CEO Greenberg: Industry Has to ‘Put Arms Around’ AI Liability
The insurance industry has dealt with emerging risks in the past, and Chubb CEO Evan G. Greenberg said he thinks the same approach can be applied to the rapid escalation of apparent liabilities presented by business’ use of artificial intelligence. … Source: Claims Journal
Read MoreAI Safety Group METR Finds Flaws in OpenAI’s Internal Monitoring System
AI safety research group METR said on Thursday a pilot exercise to stress-test OpenAI’s internal monitoring system uncovered several new vulnerabilities, including an exploit that AI agents could have used to keep hundreds of their recent actions from being monitored. … Source: Claims Journal
Read MoreFlorida AG Says His Office Investigating ‘Anti-Public Adjuster’ Endorsements in Policies
In the long-simmering clash between property insurers and public adjusters, the adjusters now have Florida’s chief law enforcement officer on their side, after state Attorney General James Uthmeier announced his office will investigate anti-public adjuster endorsements in some Florida insurance … Source: Claims Journal
Read MoreThe Integrity Deficit: Not a One-Sided Story
Editor’s note: This is the second installment in a four-part series on the erosion of integrity in property claims. Part I measures the decline. Part II documents the misconduct driving it. Part III will trace the causes to a broader … Source: Claims Journal
Read MoreCritical PHP Flaws Spur Global Patch Effort, Temporary Shutdowns
A rush to update websites and protect against vulnerabilities in a widely used programming language continued into its second day, with researchers warning that hackers have attempted to exploit the weaknesses. Disruption caused by the security issues began Wednesday after … Source: Claims Journal
Read MoreTesla Aiming Sell Cybercab Robotaxis by End of Year Despite Federal Probe
Tesla is aiming to start selling its Cybercab robotaxis to the public by the end of this year, its engineering chief said on Wednesday, even as the US auto safety agency probes the vehicles that come without manual controls which … Source: Claims Journal
Read MoreMoney Managers Say There’s Nowhere to Hide as Super El Niño Forms
The prospect of the world’s strongest ever El Niño cycle has a growing number of money managers racing to prepare their portfolios for the disruption they say is coming. The climate phenomenon associated with warming across the equatorial Pacific Ocean … Source: Claims Journal
Read MoreGM Targets ‘Eyes-Off’ Autonomous Driving for Pickups, SUVs
General Motors plans to offer “eyes-off” autonomous driving on its highest-selling, most profitable vehicles — big pickup trucks and SUVs — as it seeks fresh revenue streams from heavy technology investments. Last year, GM said it would offer autonomous highway … Source: Claims Journal
Read MoreWR Berkley CEO Shares Insights on AI Adoption During Q3 Call
W.R. Berkley Corp. Chairman, President and CEO W. Robert Berkley, Jr. chose the third quarter of 2026 to enlighten analysts on the insurer’s journey parallel to society’s breakneck adoption of technological advances and its effect on the economy. “My colleagues … Source: Claims Journal
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