Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon estimated on Wednesday, of which less than half was insured. Losses from natural catastrophes covered by…
SAN DIEGO — New rules proposed by the US Securities and Exchange Commission on cybersecurity and climate impact disclosures may generate more lawsuits that will generate claims against directors & officers policies, panelists said Wednesday…
By Tom Johansmeyer and Ted Gregory | June 6, 2022 The United States remains the largest peak peril risk area in the global re/insurance market and accounts for the bulk of the reinsurance that’s traded. Over…
By Hyunjoo Jin | April 7, 2022 AN FRANCISCO –– Toyota Motor Corp unit Woven Planet is following the lead of Tesla Inc. in trying to advance self-driving technology with low-cost cameras. Woven Planet told Reuters it is able to…
By Claims Journal staff | January 26, 2022 Insurers are getting a larger share of suspicious claim referrals from fraud-detection technology and are increasingly using artificial intelligence to sift through data, according to a new study by…
Billions of people are active on social media these days—and they tend to share more, rather than less. This means insurance fraud investigators have a tremendous resource at their disposal when investigating claims—provided they know…
Few things in life are as stressful for your insureds as a major loss of property. Not only must they deal with the loss itself, but the claims process can be difficult and frustrating. According…
Tesla Inc has dropped radar sensors from its semi-autonomous driving system, Autopilot, raising concerns over the safety of the camera-only version, Tesla Vision. Tesla aims to make the driver-assist system fully self-driving, and many in…
Wildfires in California have burned a record 4 million acres since the start of 2020, charring more land in the past nine months than during the previous three years combined. The results are devastating. The…
Fire Prevention Week kicks off Sunday, and it's critical that older Americans take steps to stay safe. Statistics show that the risk of dying in a residential fire is greater as people age because of…
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