Claims / Legal
Liability Insurance Law Restatement Approval Delayed: What It Means
It had been expected by many that after seven years of arduous work, the American Law Institute's "Restatement of the Law, Liability Insurance" would be approved late last month at the Institute's ...
Cyber Attacks From Governments or Criminals Are Hard to Distinguish
Veteran espionage researcher Jon DiMaggio was hot on the trail three months ago of what on the face of it looked like a menacing new industrial espionage attack by Russian cyber spies. All the ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
Local Government Lawsuits Over Marketing of Opioid Painkillers Face Uphill Battle
A growing number of U.S. states, counties and cities are filing lawsuits accusing drug companies of deceptively marketing opioid painkillers to downplay their addictiveness, but some lawyers say the ...
Trump Announces Plan to Withdraw From Climate Accord, Possibly Seek Better Deal
President Donald Trump announced the U.S. would withdraw from the Paris climate pact and that he will seek to renegotiate the international agreement in a way that treats American workers better. "So ...
The Downward Trend Continues for U.S. Commercial Auto Insurance Losses
U.S. commercial auto insurance losses have already been high for some time. They grew even worse, in 2016, hitting depths the sector hasn't seen in 15 years. A primary bellwether: the commercial auto ...
P/C Insurers Can Handle U.S. 2017 Hurricane Season: Fitch Analysis
The 2017 U.S. hurricane season may be here, but property/casualty insurers should be able to handle the challenges it brings. Fitch Ratings said in a new report. "Fitch currently has a negative ...
AI Will Transform Insurance Industry, Execs Say: Accenture Report
Three-quarters of insurance executives believe that artificial intelligence will transform the overall industry within three years, although a slightly lower percentage foresee significant changes ...
Man and Machine: The Future of Insurance Work and Workforce
Early this year, news of a large Japanese insurance company replacing 34 of their employees with artificial intelligence (AI) sent shockwaves throughout the industry. While automation is nothing new ...