Claims & Reserving
Shift Technology Raises $60M to Expand Reach of AI Claims Tech
Shift Technology has raised $60 million in new venture financing, money that will help grow the reach of its artificial intelligence and big data technology designed to help carriers manage risk ...
Marriott CEO Will Testify Before U.S. Senate Panel On December Data Breach
Marriott International Inc Chief executive Arne Sorenson will testify before a U.S. Senate panel Thursday about a hacking incident it reported in December that exposed the records of up to 383 ...
Carriers Fall Short in Key Areas of the Property Claims Process: J.D. Power
Property insurers are falling short in some key areas of the claims process even as they earn high marks for overall customer satisfaction, according to the J.D. Power 2019 U.S. Property Claims ...
California Utility Takes $10.5B Hit Due to Wildfires, Says Line Likely to Blame
PG&E Corp., the bankrupt California utility owner, reported its biggest loss ever and said it's "probable" its equipment will be blamed as an ignition point for the deadliest wildfire in ...
Argo Shareholder Accuses CEO Watson of Pursuing ‘Shockingly High’ Corporate Expenses
An Argo Group shareholder is nominating four new directors to counter what it alleges are "shockingly high" corporate expenses including pricy real estate, an office art collection, and CEO Mark ...
Dispute With Insurers Cited By Talc Supplier Filing Bankruptcy
Imerys Talc America Inc., which supplies talc for products including Johnson & Johnson's baby powder, filed for bankruptcy protection in an effort to end nearly a decade's worth of lawsuits ...
Climate Change Alert: World’s Driest Desert Floods and Wettest Woodlands Are Burning
The world's driest desert is flooding and some of the planet's wettest woodlands are burning. Welcome to summer in Chile. Rains high up in the Andes mountains have led to torrents of water pouring ...
Judge Pauses Lawsuits Against Canadian Cryptocurrency Company Whose Founder Died
A cryptocurrency platform that lost access to millions of dollars when its founder died with sole knowledge of company passwords has been granted a temporary reprieve from creditor lawsuits. Halifax ...