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Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody’s got to figure out who owns the data. Presentations … Source: Claims Journal

It’s no secret that California Governor Gavin Newsom wants to create a fund that the state’s electric utilities can tap to cover the costs of catastrophic wildfires. Now, the utilities know what he wants in return. Based on a proposal … Source: Claims Journal

CHICAGO — The upper Mississippi River reopened to barge traffic on Friday as vessels were cleared to ship through St. Louis harbor, the U.S. Coast Guard said, and the situation quickly became a logistics nightmare as dozens of towboats and … Source: Claims Journal

When community leaders in the town of Piermont, just north of New York City, ask residents, “How long do you want to live here?” the question is more than a personal one. Piermont, parts of which are set on a … Source: Claims Journal

New York lawmakers took steps to prevent predatory lenders from using the state’s court system to seize the assets of small businesses nationwide. The state Assembly approved a bill late Thursday prohibiting the use of confessions of judgment against individuals … Source: Claims Journal

The advertising industry’s annual gathering on the French Riviera has become a recurring cycle of contrition from technology giants and admonishment from the Mad Men. In 2017, it was YouTube apologizing for ads appearing next to jihadist terror videos. In … Source: Claims Journal

Gasoline futures jumped the most in three months after an explosion and fire at the Philadelphia Energy Solutions oil refinery, the largest on the U.S. East Coast and a key supplier to the New York gasoline market. The fire threatens … Source: Claims Journal

Airlines worldwide are diverting flights away from southern Iran, lengthening travel times, after the Federal Aviation Administration issued an edict barring American operators from the region amid escalating tensions with the Persian Gulf country. Deutsche Lufthansa AG, Dutch carrier KLM … Source: Claims Journal

An insurer that extended its workers’ compensation coverage for 90 days after discovering the employer had violated the terms of its policy could not then deny coverage for a claim on the grounds that those terms had been violated, the … Source: Claims Journal

Automakers including Tesla Inc. are stoking confusion among motorists by choosing names for their automated-driving systems that wrongly suggest they’re more capable than is actually the case, according to the Insurance Institute for Highway Safety. Almost half of respondents to … Source: Claims Journal