News
State Farm, USAA and Allstate Leading on AI Patents
Three property/casualty insurers have dominated the industry's artificial intelligence patent activity since 2014. State Farm, USAA and Allstate account for 77 percent of all AI patents by insurers ...
Record 122.4M Expected to Travel During Year-End Holiday Season
A record number of Americans are set to travel at least 50 miles from home over the 13-day year-end holiday period beginning December 20 and ending January 1, according to AAA projections. An ...
J&J Vows Appeal After Record $1.5B Talc Cancer Award
A Baltimore jury ordered Johnson & Johnson and its subsidiaries to pay over $1.5 billion to a woman who claimed decades of exposure to asbestos in the company's talc-based products caused her ...
Texas Sues Utility Company to Recover Wildfire Damages Sparked by Downed Power Lines
Texas has sued the utility company whose downed power lines sparked the largest wildfire in state history, a deadly blaze that destroyed homes and livestock and charred miles of landscape, causing ...
Tesla Door Safety Issues Have Owners Buying Car Escape Tools
Erin Geter's toddler son became trapped inside her Tesla in May when the electric doors lost power. A few weeks later, she was at a Honda dealership buying a new family car. "I was very traumatized," ...
Underwriter, Actuary Fears of AI Drop; Work Needed on Collaboration
You're just about as likely to find a commercial P/C underwriter or actuary who is unconcerned about the increased use of AI in insurance as you are to find one that's afraid of being replaced by AI. ...
Catastrophe Bonds Linked to Wildfires Lose ‘Untouchable’ Status
Alternative investment managers are starting to take a serious interest in catastrophe bonds tied to wildfires, moving into a risk category that just a few years ago was seen as too difficult to ...
Head of Workplace Rights Agency Urges White Men to Report Discrimination
The head of the U.S. agency for enforcing workplace civil rights posted a social media call-out urging white men to come forward if they have experienced race or sex discrimination at work. "Are you ...