Claims / Legal
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget
After bypassing the April 1 deadline and engaging in weeks of debate and compromise, New York lawmakers have agreed on a $268.5 billion budget that includes auto insurance reforms championed by Gov. ...
Work Zone Crash Analysis: Distracted Driving Cited As Main Cause
A new survey indicates that most work zone crashes in the Carolinas are the result of distracted driving, according to the Associated General Contractors of America (AGC). The nationwide survey ...
Tesla’s Former AI Trainers Don’t Trust its Self-Driving Tech or Safety Stats
In a Utah office, hundreds of Tesla workers scrutinize video collected by vehicles using the automaker's Full Self-Driving (FSD) feature. Some clips show the cars hitting cats, dogs or deer, along ...
Opposition Could Delay Proposed $7B Settlement in Roundup Lawsuits
Delays could be in store for a proposed $7.25 billion settlement covering thousands of claims that the maker of Roundup weedkiller failed to warn people the product could cause cancer. An attorney ...
Cyber Insurance Market Faces Pressure as Claims Severity Climbs
While the cyber insurance market is seeing more capacity and increased competition, insurers are still battling with the challenge of increasing frequency and severity of claims, according to John ...
With Customer Reviews Increasingly Polarized, Communication Is Key: Trustpilot
The U.S. insurance industry has lost its "average" customer, with 88% of all reviews now either 1-star or 5-stars, according to a new report by customer feedback platform Trustpilot. Reviews tend to ...
Hedge Funds Make Their Move as Litigation Finance Assets Slump
A losing streak in litigation finance is attracting hedge funds and other alternative investment managers looking to invest in legal claims at distressed valuations, according to people familiar with ...
The Adjuster Role Is Changing, and Training Needs to Account for It
The insurance industry has invested heavily in technology to improve the efficiency and thoroughness of claims operations. And it's working. AI and automation are absorbing routine tasks that once ...