Claims / Legal
A New Claims Playbook: United and Street Smart on Litigation Demands
Social inflation is at the heart of rising claims severity trends showing up on the books of casualty insurers and reinsurers, industry representatives agree. "But it's not the only reason why we're ...
Generative AI: A Double Agent Serving Good and Evil in the World of Claims
Claims professionals need to adapt to the AI evolution at a fast pace as the same technologies used to fight claims fraud are also being used to perpetuate it, according to experts. "It's truly ...
Claims Satisfaction Leaders Reveal Secrets to Success
What is the secret to an insurance claims experience that satisfies customers? For years, J.D. Power has conducted surveys and curated lists recognizing insurers that succeed at providing ...
New Hampshire High Court Invalidates GEICO Underinsured Claim Provision
A claim provision requiring insureds to seek underinsured benefits from their auto insurer within three years of an accident is unenforceable in New Hampshire because it restricts the insureds' right ...
Fewer Worker Deaths Investigated by OSHA in FY 2024
The Occupational Safety and Health Administration said its enforcement has led to fewer workers dying. OSHA, a part of the Department of Labor, said it investigated 826 worker deaths in fiscal year ...
Home Depot Raises Outlook on Hurricane-Fueled Demand
Home Depot Inc. lifted its forecast for a key sales metric after adverse weather propped up demand for home-improvement materials in the latest quarter. Comparable sales declined 1.3 percent in the ...
WTW Unveils Machine-Led Solution to Enhance Insurance Reserving
Insurance broker WTW announced the launch of ResQ Machine-led Reserving, which WTW describes as a game-changing technology for insurers and reinsurers to enhance accuracy and efficiency in ...
Danone Wins Dismissal of Evian Microplastics Lawsuit
The maker of Evian spring water, Danone, won the dismissal of a lawsuit on Tuesday accusing it of defrauding consumers with labels that claim the water is "natural" even though it contains ...