News
As more bots handle claims and perform underwriting tasks, should human employees be concerned? Industry experts say there’s no need to worry. Insurers in the U.S. and overseas are exploring the use of chatbots in their operations. According to Dawn … Source: Claims Journal
Swiss Re Capital Markets Structures and Places $125M Catastrophe Bond for the FMTAC, a Subsidiary of the MTA Swiss Re Capital Markets has successfully structured and placed the issuance of $125 million of insurance-linked securities by MetroCat Re on behalf … Source: Claims Journal
A driver experiencing an unexpected cardiac event on the road isn’t the only one at risk. Fellow passengers and motorists also face death or serious injury when another person has a medical emergency behind the wheel. That’s why representatives from … Source: Claims Journal
The U.S. government is investigating complaints that airbag control computers in some Jeep Liberty SUVs can fail, preventing the airbag system from operating properly in a crash. The probe covers about 105,000 of the vehicles from the 2012 model year. … Source: Claims Journal
The Iowa Supreme Court on Friday ordered a new trial in the case of a Muscatine high school baseball player whose skull was fractured when he was struck by a foul ball during a game in Davenport in 2011. A … Source: Claims Journal
Elephants are adorable plant-eating creatures beloved by most all. Seen as intelligent and family-centric, the admiration for elephants, and their perceived abuse documented by animal rights activists led to the recent closure of the Ringling Bros. and Barnum & Bailey … Source: Claims Journal
In one of the largest beach repair projects in U.S. history, the federal government has begun dumping so much sand on a stretch of the New Jersey shore that it could fill a football stadium more than five times over. … Source: Claims Journal
John Taylor didn’t like the idea of being forced by the Federal Aviation Administration to register his drones. The requirement was “authoritarian,” the Maryland attorney said, and wouldn’t deter reckless fliers. So the aviation law novice – he works in … Source: Claims Journal
The sudden collapse of spillways at the nation’s highest dam has raised alarm among those building, running and regulating big dams around the world because it seemed to come with little warning the spillways were on the verge of failing, … Source: Claims Journal
Oil and gas operators in Colorado appear to be complying with state-ordered inspections of thousands of pipelines after a natural gas explosion blamed on a severed line killed two people inside a home, regulators said Friday. All but a few … Source: Claims Journal