As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current ...
J.D. Power: Homeowners Insurance Customer Satisfaction at 7-Year Low
With 28 catastrophic weather events in 2023 causing nearly $93 billion in damage, customer service satisfaction plunged to a seven year low, according to the...
With 28 catastrophic weather events in 2023 causing nearly $93 billion in damage, customer service satisfaction plunged to a seven year low, according to the...
Article / 8 days ago
Insurers, Insureds Must Collaborate to Get Ahead of Social Inflation
Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers are just...
Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers are just...
Article / 14 days ago
Six Charged in Alleged $1M Auto Insurance Claims Scheme in Massachusetts
Six people have been indicted in connection with the alleged filing of fraudulent insurance claims through their auto body repair business in Everett...
Six people have been indicted in connection with the alleged filing of fraudulent insurance claims through their auto body repair business in Everett...
Article / 30 days ago
P&I Clubs Raise Renewal Prices to Keep Up With Claims Inflation: AM Best
Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a...
Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a...
Article / 1 month ago
Russia's Aeroflot Finalizes Insurance Settlement for 7 More Planes
Russia's Aeroflot has finalized insurance settlements with leasing companies for seven more planes, it said on Friday....
Russia's Aeroflot has finalized insurance settlements with leasing companies for seven more planes, it said on Friday....
Article / 1 month ago
Reforms to US Disaster Aid Expose Growing Home Insurance Gap
When disaster hits in the US, the federal government gives aid to states and counties, but also to individuals. In 2022, the Federal Emergency Management Agency...
When disaster hits in the US, the federal government gives aid to states and counties, but also to individuals. In 2022, the Federal Emergency Management Agency...
Article / 2 months ago
Fox Can Challenge Smartmatic’s $2.7 Billion Defamation Claim Over 2020 Election
Fox Corp. can proceed with its claims that Smartmatic Corp.'s $2.7 billion defamation lawsuit wildly exaggerates the financial harm it suffered from
Fox Corp. can proceed with its claims that Smartmatic Corp.'s $2.7 billion defamation lawsuit wildly exaggerates the financial harm it suffered from
Article / 2 months ago
Turkey Earthquake Tops 2023 Insurance Industry Losses Outside US: CRESTA
The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an industry loss...
The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an industry loss...
Article / 3 months ago
Extreme Weather in Germany Costs Insurers US$5.4 Billion in 2023: GDV
Extreme weather in Germany again caused high insurance claims this year, with an estimated price tag of €4.9 billion (US$5.4 billion) during 2023, according to the German...
Extreme weather in Germany again caused high insurance claims this year, with an estimated price tag of €4.9 billion (US$5.4 billion) during 2023, according to the German...
Article / 3 months ago
Into the Surge in High-Stakes Verdicts: A Deep Dive Into Nuclear Verdicts
In recent years, the insurance industry has been grappling with a growing concern: the surge in what is now termed "nuclear verdicts." As the name
In recent years, the insurance industry has been grappling with a growing concern: the surge in what is now termed "nuclear verdicts." As the name
Article / 3 months ago