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Insurance Innovation will be Shaped by Regulators

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It’s no secret: Innovators and regulators often clash. But both are needed to help enable a dynamic, consumer-friendly property/casualty industry in the future, insurance and InsurTech industry experts said recently. “There will be more innovation and empowerment of the consumer, … Source: Claims Journal

How Drones Are Accelerating Digital Transformation in the Insurance Industry

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Somewhere in central Michigan, a pickup truck drives into a sleepy suburban neighborhood. An autonomous drone takes flight off the truck’s flatbed and, nearly silently, heads a half-mile east, slowing above a mid-20th century craftsman home that has clearly suffered … Source: Claims Journal

State Protects Abusers, Women Harassed in Public Jobs Say

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ALBANY, N.Y. — He was accused of calling his female co-workers “whores,” grabbing one woman’s head and forcing it between his legs, threatening another with sexual assault and exposing himself in the office. Now, more than a year after he … Source: Claims Journal

Business News: Carpe Data, Betterview and Synpulse, Aon Make Announcements

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Carpe Data Launches Data Set for Carriers Carpe Data announced the launch of a new commercial data set that it says will help property and casualty insurers better classify and understand risks. “With this launch, we’re delivering brand new data … Source: Claims Journal

EagleView Wins $125M Patent Infringement Award, Sales Halt Against Verisk

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A New Jersey jury last week ordered insurance data services firm Verisk to pay $125 million to aerial imaging firm EagleView for lost profits linked to Verisk infringing on various EagleView patents. The jury verdict in the U.S. District Court … Source: Claims Journal

U.S. Utility That Overcharged $380 Million Wants to Spend It

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Dominion Energy Inc., the U.S. utility giant that came under fire for overcharging its customers by almost $380 million, wants to keep the money and spend it on grid upgrades. The Virginia power company proposed using some of the extra … Source: Claims Journal

Tropical Storm Narda Drenches Mexican Pacific Resorts Before Weakening

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MEXICO CITY — Tropical Storm Narda caused heavy rains and some flooding in the resort of Zihuatanejo and other spots along Mexico’s Pacific coast Sunday before weakening into a tropical depression as it moved overland and began drenching Puerto Vallarta … Source: Claims Journal

Boeing CEO Sees ‘Endgame’ in Drive to Lift 737 Max Grounding

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Boeing Co. is in the “endgame” of preparing its 737 Max to return to the commercial market after two deadly crashes prompted a global grounding more than six months ago, Chief Executive Officer Dennis Muilenburg said in an interview. The … Source: Claims Journal

Urgent Inspections of Older 737s Expected After Cracks Found

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Hundreds of older Boeing Co. 737 NG aircraft around the world may have to be urgently inspected in coming days after the discovery of cracks in a part of the plane that holds the wings to the fuselage. The cracks … Source: Claims Journal

UPS Drones Win Milestone FAA Permission to Take Off Shackles

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United Parcel Service Inc. won U.S. certification to fly drones under regulations similar to those for airlines, a milestone that allows the company to vastly expand airborne deliveries. The Federal Aviation Administration gave the courier permission to use delivery drones … Source: Claims Journal