Claims / Legal
Cyber Insurance Underwriters Face Ongoing Challenge of Insufficient Historical Data
While there are "huge opportunities" on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with. "It's ...
California Utility Will Pay $1B to Settle Fire Claims With Local Governments
PG&E Corp will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the ...
Bank of England to Lloyd’s: Make Progress in Tackling Sexual Harassment
The Bank of England called for Lloyd's of London to demonstrate progress in tackling the insurance market's culture of sexual harassment. The BOE's director of insurance supervision Anna Sweeney said ...
How Daubert Standard Could Impact Florida Industry, Judicial Climate
The Florida Supreme Court has reversed a prior court's decision to use a nearly 100-year-old standard on expert witness testimony and instead adopted stricter federal standards currently used by a ...
Connected Claims Conference Report: Legacy Carriers Embrace Tech with ‘Human Touch’
The digital transformation of the insurance industry isn't just for InsurTech startups any more. At Allstate, 60 percent of claims are now filed with a cell phone application that allows ...
Why 5G Networks Could Be Bad News for Storm Forecasting
Satellites tracking water vapor in 2012 helped scientists accurately predict Superstorm Sandy's frightening turn toward New York and New Jersey where it killed dozens of people and inflicted billions ...
El Niño Conditions Likely to Continue Through Summer
There is a 66 percent chance that the Northern Hemisphere will see persisting El Niño conditions in the summer of 2019, the National Weather Service's Climate Prediction Center (CPC) said in its ...
Product Defect Lawsuit Filed Against U.S. Cos. in London’s Grenfell Tower Fire Disaster
Three U.S. companies have been slapped with a wrongful death and products liability lawsuit for manufacturing products linked to London's Grenfell tower fire. The fire, which has been called the ...