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Business News: Hi Marley, Cambridge Mobile Telematics, Triple-I and The Institutes

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Hi Marley Raises $8M in Funding Round Hi Marley, a chatbot designed for the insurance industry, announced that it raised $8 million from investors, bringing total financing for the company to $18.6 million. The Boston based insurtech said the new … Source: Claims Journal

Claims People: SCA, AqualisBraemar and Munich Re

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SCA Appraisal Appoints Director and Managers SCA Appraisal has created a new Customer Success division and appointed Monica Diaz as its senior director. SCA, based in Burbank, California, appointed Lucano Figueroa to lead the division’s Financial Services/Government Group, Yesenia Barreto … Source: Claims Journal

Claims People: SCA, AqualisBraemar and Munich Re

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SCA Appraisal Appoints Director and Managers SCA Appraisal has created a new Customer Success division and appointed Monica Diaz as its senior director. SCA, based in Burbank, California, appointed Lucano Figueroa to lead the division’s Financial Services/Government Group, Yesenia Barreto … Source: Claims Journal

Wirecard Exposes Big 4 Accounting Lapses Endure Post-Enron

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Two decades of financial disasters from Enron Inc.’s collapse in 2001 to Wirecard AG’s meltdown have left the Big Four accounting firms facing a major cultural problem that regulators may struggle to resolve. The 1.9 billion euros ($2.1 billion) missing … Source: Claims Journal

Lloyd’s Calls For State-Backed ‘Black Swan’ Reinsurance

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LONDON — “Black Swan” reinsurance schemes backed by governments could help businesses get insurance pay-outs after huge shocks such as the coronavirus pandemic, Lloyd’s of London said. Commercial insurance market Lloyd’s has said insurers worldwide will pay out more than … Source: Claims Journal

Boeing 737 MAX Report May Boost Effort to Reform U.S. Airplane Certification

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WASHINGTON — A new report into the Federal Aviation Administration’s decision to certify the Boeing 737 MAX may help proponents seeking reforms to the long-standing practice of delegating some aircraft certification tasks to manufacturers. On Wednesday, the Transportation Department’s inspector … Source: Claims Journal

COVID-19 Treatment to Cost Private Insurers $3,120

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The maker of a drug shown to shorten recovery time for severely ill COVID-19 patients says it will charge $2,340 for a typical treatment course for people covered by government health programs in the United States and other developed countries. … Source: Claims Journal

Wildfires Burn in California and Arizona, Residents Return After Utah Blaze

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NILAND, Calif. — A wind-driven wildfire destroyed homes and forced evacuations as it tore through a rural Southern California desert town near the Salton Sea, authorities said Monday. In the meantime, residents who evacuated because of a wildfire in Utah … Source: Claims Journal

11th Circuit Refuses to Open ‘Loophole’ for Cruise Line Lawsuits

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A plaintiff’s attorney cannot avoid a showdown with a cruise line at the federal courthouse in Miami simply by pleading the case as an action that does not require the court’s jurisdiction under admiralty law, a federal appellate court ruled … Source: Claims Journal

A.M. Best Says Commercial Auto Losses Worst in 10 Years

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The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting results, according to a new AM Best report. Indeed, the … Source: Claims Journal