Claims / Legal
Bermuda Absorbed $10B of California’s Wildfire Losses
According to data collected by the Bermuda Monetary Authority, Bermuda's insurers and reinsurers expect to pay nearly $10 billion in gross claims to U.S. policyholders and cedents for claims from the ...
Berkshire’s Abel: Utility Ops Rethink Wildfire Approach Amid Litigation
Berkshire Hathaway Vice Chairman Greg Abel said on Saturday that "keeping the lights on" is no longer a priority for the conglomerate's utilities when the threat of wildfires becomes excessive. Abel ...
Carrier Technology, Logistics Aid LA Wildfire Response
Earlier this year, as residents were evacuated due to wildfires fueled by Santa Ana winds in drought-ravaged parts of Southern California, commercial and personal lines ...
LA Fire Investigation Will Take a Year or More, Edison CEO Says
The probe into the deadly Southern California Eaton fire is likely to take a year or more as authorities examine Edison International's utility equipment as the possible cause, according to the ...
Florida Class Action Targets Litigation Funding Firm Over Data Breach
Third-party litigation financing have become big business across the country, much to the chagrin of businesses and insurance companies that have faced multi-million lawsuit verdicts. But now one ...
Beyond Automation: How GenAI Informs Next Best Action in P/C Insurance Claims and Underwriting
The insurance industry is increasingly adopting AI to streamline operations, automate tasks and improve customer experiences. But while AI automation, in particular, has ...
Trump’s Auto Tariffs to Cover Hundreds of Billions of Dollars of Vehicle, Parts Imports
U.S. President Donald Trump's 25 percent auto tariffs will cover hundreds of billions of dollars worth of imports of vehicles and auto parts imports annually, according to a ...
Spring Outlook Forecasts Continued Drought for the West: NOAA
Drought conditions are expected to continue in the Rocky Mountains, Southwest and southern Plains, according to NOAA's Spring Outlook. Forecasters at NOAA's Climate Prediction Center predict ...