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Business News: IBM, Med-IQ, Octo Telematics
IBM Introduces Industry Platform Designed Specifically for Insurers IBM announced it is building an insurance platform on the IBM Cloud that aims to improve the processes and economics for new product development, underwriting and benefits delivery. Built in collaboration with … Source: Claims Journal
Read MoreDistracted Driving Gets Worse With More Tech-Crammed Cars
The infotainment technology that automakers are cramming into the dashboard of new vehicles is making drivers take their eyes off the road and hands off the wheel for dangerously long periods of time, an AAA study says. The study released … Source: Claims Journal
Read MoreSmall Sparks Can Lead to Big Wildfires
A carelessly discarded cigarette, a downed power line, a car’s backfire or a chainsaw’s pull. Just about anything could have started any one of the wildfires now tearing through Northern California, authorities said. “Every spark is going to ignite a … Source: Claims Journal
Read MorePeople News: MedRisk, Starr Companies, AIG, Arch Capital Group
MedRisk Promotes Ryan to CEO Mike Ryan has been promoted to chief executive officer and president of MedRisk, a managed care company specializing in physical rehabilitation within workers’ compensation. Founder Shelley Boyce is maintaining an active role as executive chairman. … Source: Claims Journal
Read MoreDeath Toll Climbs to 14 for Florida Nursing Home That Lost AC in Irma
Two women who lived at a Florida nursing home that lost air conditioning during Hurricane Irma have died, bringing to 14 the number of fatalities linked to the home. Cecilia Franco, 90, and Francesca Andrade, 95, died from ailments suffered … Source: Claims Journal
Read MoreP/C Insurer Software Provider Guidewire to Acquire Data Science Firm Cyence
Guidewire Software Inc., a provider of core operations software to property/casualty insurers, has agreed to acquire Cyence, a data science and risk analytics software company. Guidewire will pay approximately $275 million in cash and stock. Cyence applies data science and … Source: Claims Journal
Read MoreAfter Hurricanes, Focus Turns to Assessing the Effectiveness of Building Code Adoption
As residents and businesses continue to recover after Hurricanes Harvey and Irma, focus is beginning to turn to mitigation. In Florida, where experts say better buildings codes resulted from Hurricane Andrew 25 years ago, analysis will include how improved codes … Source: Claims Journal
Read MoreSurvey Finds Businesses Miss Opportunities to Employ Disabled Workers
Most employers have effective programs for accommodating workers with disabilities, but they often overlook recruiting and training practices that could expand employment opportunities, according to a national survey released Tuesday. Two-thirds of respondents to the poll of supervising employees said … Source: Claims Journal
Read MoreJapan Court Orders Government, Utility Accountable in Fukushima Accident
A Japanese court on Tuesday ordered the government and the operator of the Fukushima nuclear plant to pay 500 million yen ($4.5 million) to thousands of area residents and evacuees who were demanding compensation for their livelihoods lost in the … Source: Claims Journal
Read MoreWildfires Destroy 2 California Wineries, Heavily Damage Others
Workers in Northern California’s renowned wine country picked through charred debris and weighed what to do with pricey grapes after wildfires swept through lush vineyards and destroyed at least two wineries and damaged many others. The wind-driven wildfires erupted as … Source: Claims Journal
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