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Risks Too Big for Insurers Feed a $200 Billion Market Boom

As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations. Captive insurance, where companies create their own coverage vehicles, … Source: Claims Journal

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Using AI to Provide a More Human Claims Experience

The robots are coming—and in some cases, they’re here. Advancements in generative artificial intelligence are enhancing claims processes in many ways, from improving First Notices of Loss (FNOLs) to analyzing videos and images to assessing damage quickly. With all of … Source: Claims Journal

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Johnson & Johnson Adds $1.1B to Proposed Talc Settlement

Johnson & Johnson plans to pay an additional $1.1 billion to resolve tens of thousands of legal actions alleging its baby powder and other talc products caused cancer, two people familiar with the matter said. The increase would boost the … Source: Claims Journal

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