Industry News
AF Group has embraced the use of artificial intelligence in its claims operations, but the person overseeing its implementational has no interest in one promise of AI: reducing the number of claims professionals that work for them. The Lansing, Michigan-based …
Via: Claims Journal
Seventeen people were injured, four seriously, when a fire broke out in the early hours of Tuesday at Chevron’s deep-water Benguela Belize Lobito Tomboco (BBLT) oil platform, Angolan authorities and the U.S. oil major said in statements. The cause of …
Via: Claims Journal
Claims frequency for repairable, collision-damaged battery electric vehicles in the first quarter rose to 3.12% in the U.S. and 4.48% in Canada, representing an increase of 31% in the U.S. and Canada over the same period last year, a new …
Via: Claims Journal
The American Property Casualty Insurance Association chimed in to a recent Senate subcommittee hearing to defend the industry’s response to claims following hurricanes Milton and Helene. “The vast majority of claims from Hurricanes Milton and Helene have been settled, totaling …
Via: Claims Journal
President Donald Trump’s administration is trying to merge the government’s wildland firefighting efforts into a single agency, a move some former federal officials warn could increase the risk of catastrophic blazes and ultimately cost billions of dollars. Trump’s budget would …
Via: Claims Journal
The U.S. Senate will move this week to block California from enforcing a series of vehicle emissions standards that are tougher than the federal government’s, including first-in-the-nation rules phasing out the sale of new gas-powered cars by 2035. Majority Leader …
Via: Claims Journal
A multiday severe weather outbreak across the central U.S. caused an estimated $9 billion to $11 billion in total damages and economic loss, AccuWeather preliminary estimates show.
Via: Claims Journal
Property intelligence provider Nearmap is acquiring itel, a provider of property claims services. Andy Watt, Nearmap’s CEO, will serve as CEO for the combined company, while itel CEO Brian Matthews will continue to lead itel through closing and will serve …
Via: Claims Journal
China’s humanoid robots will not replace human workers and cause mass unemployment, according to a Chinese official who oversees a tech hub in Beijing, amid a rapid expansion of the sector and state funding for it. Liang Liang, a deputy …
Via: Claims Journal
As climate change worsens extreme weather around the U.S., floods are increasing the risk of home foreclosure, according to a new report by First Street Technology Inc., a climate-data company. A big part of the reason why is that unlike …
Via: Claims Journal