Claims / Legal
Breaking Down Inflation’s $30B Impact on Insurers Line By Line
Experts at McKinsey & Company estimate that inflation pushed loss costs for property/casualty insurers up roughly $30 billion last year, with nearly three-quarters of that figure coming through ...
Pesticides: The New Pharma?
Fen-phen, Baycol, Rezulin, Vioxx… The 1990s and 2000s saw a tidal wave of pharmaceutical-related litigation that dominated the agenda of the plaintiffs' bar. Mass torts over the negative health ...
Pandemic Challenges Driving Auto Insurers Further Into a Hard Market
A microchip shortage. Logistics industry backlogs. Supply and labor challenges. Worsening driver behavior. Social inflation. These are just a few challenges the auto industry is currently grappling ...
An Aerial View Into Reducing Claims Leakage
Claims can be a high-stress and high-stakes process for carriers and policyholders. Often called the "moment of truth," the claims process can dictate the moment when the client is secured for life ...
Tractable’s Next Move: AI Property Claims Assessment Before Damage Photos
Tractable, an InsurTech that revs up auto claims assessment processes using artificial intelligence that's trained on photos of dented cars, is now teaching machines to handle property disaster ...
How AI Estimating Helps Auto Insurers in Inflationary Times
According to Jimmy Spears, head of automotive at InsurTech Tractable, "Speed is everything" in auto claims adjusting. "Nothing gets cheaper over time," he said during a recent interview, addressing a ...
Moderna Sues Pfizer/BioNTech for Patent Infringement Over COVID Vaccine
Moderna is suing Pfizer and its German partner BioNTech for patent infringement in the development of the first COVID-19 vaccine approved in the United States, alleging they copied technology that ...
Gas Producer Santos Faces New Climate Claim in Landmark Greenwashing Case
Activists mounting one of the world's first legal challenges over corporate greenwashing have expanded a case against gas producer Santos Ltd., raising fresh allegations about the company's climate ...