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Huawei Tries to Overturn U.S. Ban That Cites ‘Cyber-Exploitation’ Risk
Huawei Technologies Co. is making a Hail Mary bid to undo a U.S. law that prohibits federal agencies and contractors from buying or using the Chinese telecom giant’s equipment because of the alleged risk of “cyber exploitation” by China. Lawyers … Source: Claims Journal
Read MoreRyanair Freezes Payment to Boeing on 737 Max Delivery Delays
Ryanair Holdings Plc Chief Executive Officer Michael O’Leary gave a pessimistic outlook for the resumption by Boeing Co. of deliveries of its grounded 737 Max, saying the carrier has frozen payments to the manufacturer and started talks on recouping costs … Source: Claims Journal
Read MoreBusiness News: CoreLogic, Betterview, Gallagher Bassett
CoreLogic Teams Up with Geospatial Insurance Consortium CoreLogic has integrated aerial imagery provided by the Geospatial Insurance Consortium into its underwriting platform, the Irvine, California-based analytics provider said in a press release. The GIC is a nonprofit organization sponsored by … Source: Claims Journal
Read MoreViewpoint: The Power of an Optimized Workflow for Claims Adjusters
Claims automation can provide many benefits to the insurance industry. For example, implementing claims automation could free up54 million to 285 million adjuster hours annually, amounting to $1.7 billion to $8.9 billion in cost savings within five to seven years, … Source: Claims Journal
Read MoreSummer Snow in Sierra; High Winds Damage Plane Near Reno
RENO, Nev. — A strong Sierra cold front packing winds gusting up to 50 mph (80 kph) dropped the first snow of the season Monday in the mountains along the California-Nevada line and damaged a small airplane that was blown … Source: Claims Journal
Read MoreLloyd’s of London Expects ‘Sobering’ Culture Assessment
LONDON — Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the insurance market’s chairman said on Wednesday as a rise in investment income drove a four-fold profit rise. In May the … Source: Claims Journal
Read MoreBermuda Braces for Approach of Major Hurricane Humberto
HAMILTON, Bermuda — Bermuda residents boarded up windows of homes and businesses on Wednesday as Hurricane Humberto became a major storm on route the Atlantic archipelago, although forecasts showed they could be spared a direct hit. Hurricane force winds and … Source: Claims Journal
Read MoreWorker, Food-Safety Advocates Sound Alarm Over New Hog Slaughter Rules
CHICAGO — U.S. food safety and the health of plant workers will be at risk from new federal rules that allow meat companies to slaughter hogs as fast as they want and shift the role of government inspectors, food and … Source: Claims Journal
Read MoreWeakened Imelda Aims Foot or More of Rain at Flood-Prone Houston
Imelda has lost some of its wind power, but continues to pour rain down on the U.S. Gulf Coast, with 12 to 15 inches already recorded and flood-prone Houston in its path. Imelda is now a tropical depression, with winds … Source: Claims Journal
Read MoreViewpoint: Will Purdue’s Bankruptcy Engulf Its Owners?
The bankruptcy of Purdue Pharma LP lays bare a distinction that the internet is making it more and more difficult to maintain: that between a company and the people who own or founded it. The Sackler family owns Purdue Pharma, … Source: Claims Journal
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