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Autonomous vehicle deployment in the U.S. will lead to the creation of more than 114,000 jobs over the next 15 years to meet production, distribution, maintenance, upgrades and repair needs, a new report by a tech-industry policy coalition shows. The … Source: Claims Journal

The Tennessee Supreme Court this week dealt a blow to businesses and insurance companies, finding that employers can no longer argue that direct negligence claims are barred when the business admits vicarious liability for a worker’s actions. “We hold that … Source: Claims Journal

A poll to understand American consumers’ attitudes toward artificial intelligence in the property/casualty insurance sector shows the strongest support for AI’s use in fraud detection, delivering personalized products and promotions and AI in customer service. According to a poll conducted … Source: Claims Journal

Norfolk Southern Corp. said it will pay $600 million to settle a proposed class action lawsuit targeting the rail company over the 2023 train derailment in Ohio that spilled more than 1 million gallons of toxic chemicals and sickened residents, … Source: Claims Journal

Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three US insurers — Cincinnati Financial Corp., HCC Insurance Holdings Inc., and Selective Insurance Group Inc. — to gauge trends for … Source: Claims Journal

California representatives Mike Thompson (D-CA) and Doug LaMalfa (R-CA) introduced the Disaster Resiliency and Coverage Act of 2024. H.R. 7849 would provide homeowners in disaster-prone regions with incentives to harden their properties against wildfires and other risks. The legislation is … Source: Claims Journal

As the renewable energy sector experiences rapid growth and technological advancements, asset owners and insurers face a critical challenge: accurately assessing the replacement cost of deployed assets. In an industry where a single loss event can have significant financial consequences, … Source: Claims Journal

It was another record-breaking year for vehicle thefts in 2023, with more than one million vehicles were reported stolen – an overall increase of 1% nationwide from 2022 to 1,020,729 last year. A report from the National Insurance Crime Bureau … Source: Claims Journal

Tesla Inc. reached a settlement on the eve of its highest-profile trial yet over a crash blamed on Autopilot, the driver-assistance system Elon Musk has billed as crucial to his pursuit of self-driving cars, according to court filings. Terms of … Source: Claims Journal

Intercontinental Terminals Company LLC agreed to pay more than $6.6 million to federal and state natural resource trustees to resolve claims for natural resource damages resulting from a 2019 fire at ITC’s Deer Park terminal facility near Houston that released … Source: Claims Journal