The U.S. P&C industry has significantly lagged behind other U.S. and global industries in reducing unit costs over the last 15 years, and spending on managing claims litigation or contingent liabilities is a major reason. Most large P&C carriers spend 5% to 8% of gross written premium under various categories like external counsel, expert fees […]
A few industry leaders are using predictive analytics to sell high-value ads on their websites—without cannibalizing sales.
The spike in cybercrime has driven demand for cyber insurance, and prospective buyers are requesting higher limits. Price and capacity remain notable barriers, however, and it is too early to say if demand will translate into sustained market growth.
Range of disbursement options and integration with claims system among reasons to adopt One Inc to support goal of improving outbound payment functionality.
Pacific Life selected Life.io solutions and SE2 Aurum on the strength of its digital solution suite and its ability to integrate with multiple existing third-party systems.
When New York locked down last March, Kurt Yaeger was among those in the city who had to go on working. A neurosurgery resident, he didn’t feel comfortable climbing into an Uber and filling his lungs with the same air …
WASHINGTON — U.S. traffic deaths jumped dramatically after coronavirus lockdowns ended in 2020, rising 13.1% in the three months ending Sept. 30 to the highest rate since 2005 despite a decline in driving, auto safety regulators said on Wednesday. In …
WASHINGTON — The National Highway Traffic Safety Administration (NHTSA) on Wednesday asked Tesla Inc to recall 158,000 Model S and Model X vehicles over media control unit (MCU) failures that could pose safety risks by leading to touchscreen displays not …
SEATTLE (AP) — A powerful wind storm rolled through the Pacific Northwest leaving a trail of damage — including nearly blowing a semi off a bridge, a landslide and more than 500,000 people without power. Winds reached gusts 50-70 mph …
DALLAS (AP) — A natural gas explosion at a Dallas home that killed a 12-year-old girl came after an energy company failed to find a damaged line despite two nearby homes being destroyed in gas-related fires on the two previous …
New York City asked a state court to compel an insurance company to defend it in two personal injury lawsuits stemming from alleged asbestos contamination
Connecticut insurance company AXA XL has added the former senior vice president and chief counsel of MetLife Inc., who handled all litigation and employment law
Sapiens and CROSIG have implemented Sapiens IDITSuite for P&C in record time, allowing faster time to market and better digital proposition.
Based on Guidewire CustomerEngage, the portal was created using a mobile-first approach, and under remote project conditions, owing to the pandemic.
This breaks the coverage relationship with the company’s hotel, luxury residence, and golf course business. The Aon insurance broker has ceased its business relationship with
City Manager Norman McNickle reported Wednesday that city crews have removed 1,780 tons— more than 3.5 million pounds— since they started hauling the debris piled along city streets in mid-November. The City of Stillwater provided a dump site at Wittenberg Park for a few weeks after the Oct. 26-29 storms for residents who wanted to haul their own limbs.
WASHINGTON — U.S. Federal Aviation Administration chief Steve Dickson signed an order on Wednesday directing the agency to take a “zero tolerance policy” after supporters of U.S. President Donald Trump were disruptive on some recent flights. Dickson told Reuters the …
Electric vehicle manufacturers should provide more specific information to first responders and tow truck drivers on how to cope with lithium-ion battery fires, which continuously reignite even after being doused with water, the National Transportation Safety Board said in a …
A Missouri appellate court has affirmed a ruling against Liberty Insurance Corp. and in favor of a primary insurer and the family of a man
An attorney best known for representing Paula Jones in her sexual harassment suit against President Bill Clinton is spearheading efforts to overturn Virginia’s cap on
