Claims / Legal
Damaging East Coast Winter Storms Won’t Fade Away Under Climate Change
Climate change may melt away smaller snow storms but it won't be able to hold back more powerful East Coast systems. Minor storms that drop mere inches of powder will become rare by the end of 21st ...
Decoding the Hidden Value of Unstructured Text Data
Data science is about supporting decisions with insights, advice or predictions based on rigorous analysis of prior business facts, decisions and outcomes. One of the biggest challenges for insurers ...
Everest Re Warns Q4 Catastrophe Losses Will Almost Hit $700M
Everest Re Group Ltd. expects nearly $700 million in catastrophe losses for the 2018 fourth quarter due to wildfires, a hurricane and a hailstorm. Everest's prediction of $695 million in catastrophe ...
Regulators Clear California Utility of 2017 Wildfire Liability
As PG&E Corp. barreled toward bankruptcy last week, just one analyst kept a "buy" rating on the shares, largely on valuation. On Thursday, the stock surged by the most ever, rising 75 percent to ...
Workers Comp Is Ongoing Target for Technology Investments: Fitch Ratings
Workers compensation insurers are ongoing targets for technology investments designed to keep the sector competitive and boost performance. Without it, market consolidation is likely, Fitch Ratings ...
Amazon Autonomous Delivery Robots Coming to Seattle Suburbs
Amazon.com Inc. will use robots to deliver packages in the suburbs north of Seattle, its latest experiment to automate the last-mile of delivery that's a labor-intensive and costly component of ...
Corporate America Already Planning for Climate Change Challenges, Business Interruption Risks
Bank of America Corp. worries flooded homeowners will default on their mortgages. The Walt Disney Co. is concerned its theme parks will get too hot for vacationers, while AT&T Inc. fears ...
J&J Will Pay $120M to Settle States’ Hip Implant Claims
Johnson & Johnson and its DePuy Orthopaedics unit have agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over the company's metal-on-metal hip implants. ...