AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey July 15, 2024 By L.S. Howard A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes,...
Impacts of Economic Changes on California Workers’ Comp July 15, 2024 Projected changes to California workers’ comp claims frequency and severity due to industry mix of employment are negligible through 2026,...
Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023 July 15, 2024 By Chad Hemenway Independent agents placed more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents...
Cal/OSHA Board Adopts Workplace Standard for Indoor Heat July 15, 2024 A California workplace safety oversight board adopted a new standard for indoor workplaces to enact safety measures when the temperature...
Insurers Seek Subrogation Over Ohio Train Derailment July 15, 2024 By Ezra Amacher Four insurance companies filed a subrogation lawsuit against Norfolk Southern in federal court, alleging the rail carrier’s negligence led to...
Arkansas Sues Pharmacy Benefit Managers For Role in Opioid Crisis July 15, 2024 By Andrew DeMillo Arkansas sued two pharmacy benefit managers that oversee coverage for insurers, employers and other large clients, accusing them of fueling...
Detroit to Pay $300K to Man Wrongfully Accused of Shoplifting July 15, 2024 By Ed White The city of Detroit has agreed to pay $300,000 to a man who was wrongly accused of shoplifting and also...
Pennsylvania Man Killed When Fireworks Exploded in His Garage July 3, 2024 A man was killed when some fireworks exploded at his Pennsylvania home, state police said. Michael Cross, 55, of Union...
Business Liability Claims Litigation Jumped in 2023: Lex Machina July 1, 2024 By Allen Laman After holding relatively steady for nearly a decade, the number of business liability policy claims cases jumped 28% in 2023,...
The 10 Major Risks Shaping Insurance Today July 1, 2024 By Robert Muir-Wood I readily admit that lists of top risks, top threats, and opportunities for insurance are well-trodden ground, and ranking risks...