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More than 400 claims-adjusting firms have been licensed in Florida in the last month, in keeping with a state law that requires that firms, not just adjusters, go through the licensing process, the state’s chief financial officer announced. Senate Bill … Source: Claims Journal

Artificial intelligence, and more specifically machine learning, is being deployed in the insurance space in some very exciting ways — from assessing underwriting risks to determining pricing to evaluating claims. But with these advances come sizable risks, some of which … Source: Claims Journal

The insurance industry is lagging behind other sectors in offering customers digital options to communicate with claims administrators, according to a report by J.D. Power. The consumer analytics firm said only 40% of claimants interacted with an estimator using digital … Source: Claims Journal

Extreme weather events in 2021 shattered records around the globe. Hundreds died in storms and heatwaves. Farmers struggled with drought, and in some cases with locust plagues. Wildfires set new records for carbon emissions, while swallowing forests, towns and homes. … Source: Claims Journal

LONDON — Investors managing $4.1 trillion in assets are urging the world’s biggest chemicals companies to phase out production of hazardous substances which linger in the environment and have been linked to serious health problems. The move by 23 investors … Source: Claims Journal

WASHINGTON — The U.S. Supreme Court on Monday declined to hear a bid by Johnson & Johnson to throw out a lawsuit brought by the state of Mississippi over allegations that the company failed to inform residents that its talc-based … Source: Claims Journal

Insured losses from the swarm of tornadoes and severe convective storms that caused destruction in parts of the United States this month could amount up to $5 billion, industry experts said on Tuesday. Catastrophe modeling firm Karen Clark & Company … Source: Claims Journal

Illinois Governor J.B. Pritzker on Monday questioned whether building codes need updating to counter risks from an increasing number of severe storms as investigators parse through reasons for the fatal collapse of an Amazon.com Inc. warehouse in the state late … Source: Claims Journal

One of the Boy Scouts of America’s primary insurers, Chubb Ltd unit Century Indemnity Co., said on Monday it will contribute $800 million to a deal proposed by the youth organization to settle around 82,500 claims from people who say … Source: Claims Journal

EDWARDSVILLE, Ill.–The U.S. workplace safety watchdog is investigating the circumstances around the collapse during Friday night’s storm of an Amazon.com Inc building in Illinois in which six workers died, an official at the U.S. Department of Labor said on Monday. … Source: Claims Journal